Throughout the years, there have been various important mergers and acquisitions, or M&A, activities in the technology industry, redefining the marketplace in many ways. Some of the largest acquisitions in 2018 include SAP buying Qualtrics for 8 billion dollars and IBM acquiring Red Hat for 33 billion dollars. There was a decrease in the total amount of money exchange in M&A activity in 2019 when compared to 2018. However, even with the decrease, a total of 245 billion dollars was spent on deals in the tech industry that year. With 2020 ending, we can say that M&A activity did not slow down with major deals being made from January.

Let us look at some of the biggest tech mergers in 2020.

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• Salesforce acquires Slack for 27.7 billion dollars

Salesforce acquired Slack for a total of 27.7 billion dollars in cash and stock. This deal brought about a merger of two large software-as-a-service (SaaS) companies. Slack is a workplace communication company that was bought by the CEO of Salesforce, looking to shape and evolve enterprise software in any workplace.

• Facebook acquires Kustomer for 1 billion dollars

Kustomer is a customer relationship management software start-up that focuses on customer centers. With Facebook looking to connect customers on its various platforms, the 1 billion dollar deal will help customers using Facebook, WhatsApp and Instagram have a more efficient customer service system.

• Adobe acquires Workfront for 1.5 billion dollars

Workfront is a task and project management tool that operates in a competitive environment like Microsoft, Smartsheet, etc. Adobe has an experienced cloud, and the marketing professionals service offered by Workfront is a great fit for Adobe. This acquisition is a great pairing for both the companies as they share a common goal that aims at helping marketers thrive in a demanding space.

• Intel acquires Moovit for 1 billion dollars

Intel is a company whose goal is to revolutionize technology in order to enrich the lives of individuals all around the world. Moovit, on the other hand, revolutionizes transportation by improving congestion and mobility. Intel acquiring Moovit will enable Intel to move into revolutionizing the transportation sector and making individual lives all around the globe more convenient.

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• Nvidia acquires Arm for 40 billion dollars

Arm is a UK based tech company that has been acquired by Nvidia. This acquisition will enable Nvidia to compute and expand AI technology in the cloud, smartphones, desktops, cars, and robotics globally. Arm will maintain its customer neutrality system in order to continue their success under Nvidia.

• Twilio acquires Segment for 3.2 billion dollars

Twilio is a cloud communication specialist that has acquired Segment, a customer data platform for 3.2 billion dollars. The merging of these two companies that specialize in application programming interfaces has made consolidating consumer data and digitally communication more convenient and efficient. Customer service is enriched through this acquisition.

• AMD acquires Xilinx for 35 billion dollars

The acquisition of Xilinx by AMD has created a merger that will enable AMD to be established as a high performing leader and partner of other large and leading tech companies. The 35 billion dollar stock deal allows AMD to compete in data centres through the programmable processors created by Xilinx.

• Uber acquires Postmates for 2.65 billion dollars

Postmates is a food delivery service that was acquired by Uber for 2.65 billion dollars. Uber also has a food delivery service called Uber Eats. The merging of these two services will allow consumers to get better services through the innovations of both the companies working together.

• Amazon acquires Zoox for 1.2 billion dollars

Zoox is a self-driving vehicle company that has been acquired by global leader Amazon. It is looking to develop a ride-sharing service and will continue to work as a stand-alone business under Amazon. The acquisition of Zoox by Amazon will allow the continuity of creating innovations that are passionate and help customers.

• Mastercard acquires Fincity for 825 million dollars

Both these fintech companies aim at providing financial solutions to consumers everywhere. The acquisition of Fincity by Mastercard will allow Mastercard to advance and enhance open banking strategies in the digital economy. The strategic acquisition by Mastercard will allow it to stay a leading financial service provider by staying updated and current with the needs of consumers.

As the global economy is slowly rebounding from the impact of the pandemic, there is expected to be significant growth in the mergers and acquisitions in the coming year. With the Tech space evolving at a rapid pace, increasing activity is expected to be witnessed in this space.

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