Mergers and acquisition activity in the tech sector recovered last year and finished with the value of deals rising through the course of 2010.
Monthly figures from M&A watcher Regent showed that there were 237 acquisitions across Europe last month with a combined value of $9.9bn.
Among the headline grabbing deals were the moves made by Atos Origin to bolster its services position with the 850m Euro acquisition of Siemens IT Solutions and Services operation and Dell was also active buying data storage player Compellent Technologies for $960m.
Regent pointed out that over the course of last year there was a high level of activity except for a dip in the summer, but even then the deals might have been fewer but were larger.
"However, the prime valuation ratios have moved up throughout the year with P/E ratios running at 16.0 compared to 14.1 at the end of 2009. P/S ratios ended the year on 1.1 - up from 1.0," it stated.