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The world economy might be on the brink but the mergers and activity in the technology space continued apace with a decent number of deals struck in the last month.
For the third successive month the number of purchases went past the 250 mark with a combined value of the European deals hitting $20.1bn with four $1bn plus deals, according to the latest report from M&A market watcher Regent.
The value of tech deals continues to rise and year-on-year the level of activity has risen slightly along with the PE ratios.
The expectations are that even with the problems in the Eurozone the momentum in the market will not be lost over the rest of the summer and into winter.
"This flurry of merger activity is likely to continue throughout the second half of the year, with analysts forecasting that technology firms will mount more takeover bids over the remaining months of the year," stated Regent.
"This forecast is based on a study which found that because businesses are not operating in stress mode any more, and as they realise how difficult it is to achieve significant growth through domestic markets, they are buying further afield," it added.