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Signs of recovery can be clearly seen in the mergers and acquisition activity in the market with more deals being sealed last month than any time in the last 18 months.
According to the latest figures from Regent there were 262 acquisitions involving European tech firms in April, a number of deals not seen since September 2008.
The larger deals happened in the US with Europe lagging behind and as a consequence of short-term worries about sovereign debts the valuations in public and private M&A deals dipped slightly month on month.
HP grabbed the headlines with its $1.2bn acquisition of Palm and Salesforce.com splashed out $142m in cash to bolster its cloud capabilities picking up user-maintained business contact data specialist Jigsaw.
The prospects for the numbers to continue to recover look set to continue with SAP already doing its bit for the cause stumping up $5.6bn for smartphone data specialist