Technology dealmakers may be showing a little spring in their step heading into 2014, according to the latest M&A Leaders Survey issued jointly by M&A law firm Morrison & Foerster and technology research firm 451 Research.
In their latest canvass of tech industry insiders, MoFo and 451 Research found participants modestly bullish about the pace of mergers and acquisitions, both in recent months and looking ahead.
Forty per cent said the past six months generated more deal activity than at any point in the past two years, compared with 36 per cent saying the same period produced less M&A work.
Even more striking, 50 per cent said they expect M&A activity to pick up in the next six months, versus only seven per cent projecting a slowdown. More industry insiders are also predicting an uptick in the number of bidders vying for deals, as well as an increase in private company valuations – more signs that the market may be gaining traction.
The new poll represents the views of nearly 200 C-suite and corporate development executives, in-house counsel, investment bankers, venture capitalists and financial advisers within the tech sector.
