The Taylor Wessing Technology Barometer — Q3 2013 Edition
Like the UK economy, this quarter’s Technology Barometer is looking increasingly optimistic as we progress through 2013. Despite the FTSE All Share falling, the MBTW Index has outperformed the market, the software sector continues to pick up momentum against the ICT services sector and CXOs are more confident than ever.
Corporate deals have fluctuated since the start of the year, with 31 deals this quarter. Many of the mergers and acquisitions (M&A) deals were smaller in size, although activity in the private-equity market has increased. Strategic M&A in areas such as data centre and hosting space is gaining traction, highlighted by Telecity’s acquisition of Sadece for £25m. A noteworthy development is the first IPO of the year, Outsourcery, which was admitted to AIM in May.
Despite a slow start, similar to the economy, we are seeing a pick-up of activity and an increase of confidence in the sector as a whole…
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