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    Tech, Media & Telecom Q2 2022

    Q2 2022 Tech Media Telecom

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Zynga, Inc.
    • Take-Two Interactive Software, Inc.
    • $13,848.66
    • Anaplan, Inc.
    • Thoma Bravo, L.P.
    • $10,384.81
    • AspenTech Corporation
    • Emerson Electric Co.
    • $6,339.12
    • Datto Holding Corp.
    • Kaseya Limited
    • $6,219.60
    • Bottomline Technologies, Inc.
    • Thoma Bravo, L.P.
    • $2,741.30
    • Pensando Systems, Inc.
    • Advanced Micro Devices, Inc.
    • $1,900.00
    • ETQ, LLC
    • Hexagon AB
    • $1,200.00
    • Streamlit, Inc.
    • Snowflake, Inc.
    • $711.90
    • Finxact, Inc.
    • Fiserv, Inc.
    • $650.00
    • StreamSets, Inc.
    • Software AG USA, Inc.
    • $588.43

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Zimperium, Inc.
    • Liberty Strategic Capital
    • $525.00
    • Franklin-Potter Associates, Inc.
    • Performant Capital
    • n/a
    • OuterBox Solutions, Inc.
    • WILsquare Capital LLC
    • n/a
    • Hotel Effectiveness Solutions, LLC
    • Alpine SG, LLC
    • n/a
    • Eberle Design Inc.
    • Vance Street Management LLC
    • n/a
    • Cleveland Data Center
    • Strategic Capital Fund Management, LLC
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Rizing, LLC
    • Wipro Limited
    • $540.00
    • Xator Corporation
    • Parsons Corporation
    • $400.00
    • Wurl, Inc.
    • AppLovin Corporation
    • $389.56
    • NTT Security AppSec Solutions Inc.
    • Synopsys, Inc.
    • $330.00
    • EdgeCast, Inc.
    • Edgio, Inc.
    • $318.10
    • ModeX Therapeutics, Inc.
    • OPKO Health, Inc.
    • $300.00
    • TradeUP Global Corporation
    • SAI.TECH Global Corporation
    • $219.79

     

    Source S&P Capital IQ as of 7/8/2022 and PCE Proprietary Data

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    PCE Transactions

    Contacts

    Michael Poole

    Orlando Office

    407-621-2112

    Joe Anto

    Orlando Office

    407-621-2141

    Data Assumptions

    This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

    Glossary

    EBIT - Earnings Before Interest and Taxes
    EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
    LTM - Last Twelve Months
    TEV - Total Enterprise Value

    Sources:

    1. McKinnon, John, Tracy, Ryan & Day, Chad. "Big Tech Has Spent $36 Million on Ads to Torpedo Antitrust Bill.” The Wall Street Journal, 9 June, 2022.
    2. Gold, Ashley & Treene, Alayna. “Antitrust bill's progress sparks tech lobbying splurge.” Axios, 6 June, 2022.
    3. Joseph, Seb. “’Forecast on quicksand’: Ad spending Slows as Advertisers Wade Through Economic Uncertainty.” Digiday.com June 9, 2022.
    4. Feuer, W., Volz, D., & Uberti, D. (2022, March 8). Google to Buy Cybersecurity Firm Mandiant in $5.4 Billion Deal. The Wall Street Journal.
    5. “Gartner Says 78% of CFOs Will Increase or Maintain Enterprise Digital Investments Through 2023 Even if Inflation Persists.” Gartner, Inc., 25 May, 2022.

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