Total technology industry future of work deals worth $5.1bn were announced globally for April 2021, with the $2bn acquisition of Turbonomic being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 109.4% over the previous month of $2.44bn and a drop of 19.8% when compared with the last 12-month average of $6.37bn.

In terms of number of future of work deals, the sector saw a rise of 5.41% with 78 deals in April 2021 when compared to the last 12-month average of 74 deals.

In value terms, North America led the activity with future of work deals worth $4.94bn in April 2021.

technology industry future of work deals in April 2021: Top deals

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The top five future of work deals accounted for 74.9% of the overall value during April 2021.

The combined value of the top five future of work deals stood at $3.83bn, against the overall value of $5.1bn recorded for the month.

The top five technology industry future of work deals of April 2021 tracked by GlobalData were:

1) International Business Machines $2bn acquisition deal with Turbonomic

2) The $676m venture financing of SambaNova Systems by BlackRock,GIC,GV Management Co,Intel Capital,SoftBank Vision Fund II,Temasek Holdings (Private),Walden International and WRVI Capital

3) $668m merger deal with Fifth Wall AcquisitionI and SmartRent.com

4) The $241.29m private equity of Vena Solutions by Vista Equity Partners Management

5) Everbridge $240m acquisition deal with xMatters