Total technology industry cloud deals worth $27.3bn were announced globally for April 2021, with the $12.3bn private equity deal with Proofpoint being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 18.3% over the previous month of $33.4bn and a rise of 26.5% when compared with the last 12-month average of $21.58bn.

In terms of number of cloud deals, the sector saw a drop of 16.11% with 276 deals in April 2021 when compared to the last 12-month average of 329 deals.

In value terms, North America led the activity with cloud deals worth $23.93bn in April 2021.

technology industry cloud deals in April 2021: Top deals

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The top five cloud deals accounted for 64% of the overall value during April 2021.

The combined value of the top five cloud deals stood at $17.45bn, against the overall value of $27.3bn recorded for the month.

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

1) Thoma Bravo $12.3bn private equity deal with Proofpoint

2) The $2bn asset transaction of Turbonomic by International Business Machines

3) KKR & Co. GP $1.2bn acquisition deal with Therapy Brands

4) The $1.1bn acquisition of MphasiS by BCP Topco IX,Blackstone Capital Partners (CYM) VIII AIV – F and Blackstone Capital Partners Asia NQ

5) Mastercard $850m private equity deal with Ekata