Mergers and Acquistions News
Categories: IT Services & Consulting
October 8th 2010, 14:39PM
IT giants IBM, HP and Oracle have embarked on an acquisition spree which as ramped up the value of technology business deals by a whopping 24 per cent, it has been claimed.
According to Bloomberg, the firms have initiated a major investment cycle which has taken the value of technology firm acquisitions to a high of $50 billion (£32 billion).
The news provider claims that the raft of takeovers at the three firms is cementing their positions as one-stop providers of IT products and services.
Major businesses are no longer focussing on niche markets as they look to expand their client base, the IT new provider states.
Drago Rajkovic, head of technology mergers at Barclays Capital, California, said: "A lot of tech leaders are repositioning themselves.
"Tech merger and acquisition activity is going to remain very strong this year and going into next year."
Other firms on the merger and acquisition trail include Yahoo and AOL, which is set to acquire technology blog TechCrunch.
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