The firm recorded 620 M&A deals globally involving enterprise-software firms in the last six months of 2019, down from 669 in the first half of the year. The combined value for deals where prices were disclosed over the latest six-month period was $22 billion, the report said. Others include Thoma Bravo LLC’s $1.8 billion acquisition of education-software company Instructure Inc. and Platinum Equity’s $1.5 billion purchase of Cision Ltd., which makes public-relations and marketing software. Technology research firm Gartner Inc. also identified a downturn in enterprise-tech M&A deals in the second half of 2019. He said most enterprise software deals last year were below $5 billion, while in 2018 a number of deals fetched $35 billion or more.

Source: Wall Street Journal February 05, 2020 23:15 UTC