Michael Hill is a tech M&A Associate Research Analyst on the M&A KnowledgeBase team at 451 Research, a part of S&P Global Market Intelligence. His primary duties include researching and writing about companies and deals, analyzing deal financials, and providing deal themes maintenance. He has worked in research roles at Hewlett-Packard Enterprise and Austin Ventures, and has written for The (Tacoma) News Tribune and the Fort Worth Star-Telegram. He holds a Master of Library and Information Science degree from the University of Washington.
Hospitality tech M&A is booking up after a year of dealmaking vacancies. Acquirers, which kept their distance through the worst of the pandemic, are back to buying hotel and restaurant software in anticipation of pent-up consumer demand for lodging and dining.
DXC slims down as it fights to get back to growing. The IT services veteran recently divested more than $5.5bn in legacy assets to unwind some of its earlier M&A bets that haven't paid off while also strengthening its balance sheet. With improved financials, DXC could become an acquirer once again, but it will need to buy smarter this time.
The Las Vegas-based buyer has entered new territory with the purchase of Data Foundry's datacenter business and assets for $420m. The deal involves three datacenters in Austin and one facility in Houston, and holds the potential for over 400 new customers.
As the pandemic creates a dash to digital in many enterprises, IT service providers are using M&A as a way to keep pace with fast-moving market requirements. We expect the acquisition activity of IT service providers to remain buoyant during the next year.
A play to build out its location business is turning Snap into a buyer again. After just a tuck-in or two over the past couple of years, it has now printed six deals in as many months. The latest, Tuesday's purchase of Pixel8Earth, marks the second transaction Snap has printed this year to bolster its location technology.
It only took a global pandemic to turn telehealth into a must-have. Following a few years of modest M&A activity, rising adoption is peaking acquirer interest in telehealth target. It's a development that should continue even when COVID-19 recedes.
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