Total technology industry cloud deals worth $37bn were announced globally for July 2021, with the $15.15bn acquisition of Five9 being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 80.6% over the previous month of $20.48bn and a rise of 35.6% when compared with the last 12-month average of $27.27bn.
In terms of number of cloud deals, the sector saw a drop of 6.10% with 308 deals in July 2021 when compared to the last 12-month average of 328 deals.
In value terms, North America led the activity with cloud deals worth $29.65bn in July 2021.
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By GlobalDatatechnology industry cloud deals in July 2021: Top deals
The top five cloud deals accounted for 76.3% of the overall value during July 2021.
The combined value of the top five cloud deals stood at $28.23bn, against the overall value of $37bn recorded for the month.
The top five technology industry cloud deals of July 2021 tracked by GlobalData were:
1) Five9 $15.15bn acquisition deal with Zoom Video Communications
2) The $6.68bn private equity of Medallia by Thoma Bravo
3) Iliad $3.7bn acquisition deal with Xavier Niel
4) The $1.2bn acquisition of ServiceChannel.com by Fortive
5) Articulate Global $1.5bn venture financing deal with Blackstone Growth,General Atlantic,ICONIQ Growth and LionTree
