Updata Advisors Releases 2009 IT M&A Outlook
IT M&A Beats Expectations in 2008 - Opportunities Abound in 2009
New York, NY and Reston, VA (Vocus/PRWEB ) January 21, 2009 -- Updata Advisors, a leading investment bank specializing in mergers and acquisitions for the information technology industry, has published its annual outlook report on IT M&A trends and predictions for 2009.
"Although many predicted IT M&A was all but dead, our data shows that this was not the case. M&A activity in the technology space outpaced overall M&A in 2008, and certain IT subsectors appear poised to benefit significantly in 2009," said Ira Cohen, managing partner of Updata Advisors. "As cost-cutting strategies become priority agenda items, certain technologies - such as data center automation, risk management, and cloud computing - will gain favor and drive M&A activity in the technology space. Furthermore, we believe that non-traditional M&A transactions will play an important role in 2009. We may see more divestitures, mergers of equals, and joint ventures than is typical."
In addition to predicting where IT M&A is headed this year, the Updata Advisors 2009 IT M&A Outlook discusses deal activity in 2008 in the Infrastructure Software, Enterprise Application Software, Financial Technology, IT Security, IT Services, and Internet sectors.
The full report is available on Updata Advisors' web site at:
http://www.updataadvisors.com/Advisors_Newsletters/Annual_Reports/itma_outlook_january09.asp
About Updata Advisors
Based in New York, New York and Reston, Virginia, Updata Advisors is a leading investment bank specializing in mergers, acquisitions, private placements, fairness opinions and corporate restructurings for the information technology industry. Updata creates Greater Outcomes® for clients measured in growth, innovation and shareholder value. Since 1987, the firm has advised on over $15 billion in transactions for application and infrastructure software, internet, security and IT services companies. Updata Advisors is perennially ranked among the top five advisors in transaction volume to companies in the Computer Software, Supplies & Services industry, according to FactSet Mergerstat. For more information, visit www.updataadvisors.com.
Press contact:
Francesca Bartolomey
(646)312-8693
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