2021 M&A Review
We are delighted to announce the latest publication of our report “State of Mergers & Acquisitions in the UK Software & IT Services (SITS) Sector – April 2022”.
The report shows that acquisition activity in the UK SITS sector increased by around 36% in 2021 when compared with 2020. It is also encouraging to see that M&A activity in the sector is now at a higher level than it was prior to COVID.
Prism has also carried out a survey of UK SITS owner-managers, the results of which are fully documented in the report. Notable findings include that nearly 60% of owner-managers surveyed believe their business is performing better now than at the same time last year, with almost 80% expecting their turnover to improve by more than 10% this year.
Looking towards the rest of 2022, the M&A market remains strong despite uncertainty due to the war in Ukraine. We have completed two deals in the last two weeks – although details are still under embargo. Indeed, with inflation growing, the need to put cash to productive use looks likely to support yet more acquisition activity.
Request a copy of the report here: www.prismcorporatebroking.com/report