PwC Sees Technology Deals Drop but Still Most Active, Big4.com Reports

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More aggressive pursuit of patent acquisitions new trend.

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Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports that a new PwC reports shows that although deal volumes are declining as a result of global economic trends, technology industry acquirers remain the most active among businesses.

In fact, Big4.com notes that technology deals are still generating 20 percent of U.S. merger and acquisition (M&A) deal volume so far this year. After a robust first quarter of IPO activity, PwC’s US technology M&A Insights report highlights the fact that technology IPOs pulled reversed in the second quarter with 10 listings recorded compared to 13 in the previous quarter. The decline reflects an overall US IPO trend, which saw IPO volumes decrease 39 percent from the first quarter.

Rob Fisher, PwC’s U.S. technology industry transaction services leader commented:
“The higher market volatility triggered an increasing number of consortium deals by private equity buyers, minority stake transactions and growing patent acquisitions,” he said “Driven by the hyper-competitive technology landscape, tech players are becoming more aggressive in expanding patent portfolios to defend market positions, pointing to greater creativity in the continuous race for growth and innovation.”

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