1st Half 2009 Information Industry Trends

2009 Key Highlights

• The most active buyer in the Information Industry, in terms of volume of transactions announced for the 1st Half of 2009, was Oracle Corporation with 5 transactions. These include the acquisitions of Conformia Software, Inc., Virtual Iron Software, Inc., and mValent, Inc., as well as the pending acquisitions of Sun Microsystems, Inc., and Relsys International, Inc.
• The segment with the largest transaction volume for the 1st Half of 2009 was Science & Technology with 119 transactions.
• In the 1st Half of 2009, there were 96 financially sponsored transactions with an aggregate value of $2.77 billion. These figures represent 15 percent of the total volume and 11 percent of the total value, respectively.

1st Half 2009 Key Trends

• Total transaction volume in the 1st Half of 2009 decreased by 29 percent over the 1st Half of 2008 from 892 in 2008 to 637 in 2009.
• Total transaction value in the 1st Half of 2009 decreased by 45 percent over the 1st Half of 2008, from $46.92 billion in 2008 to $25.65 billion in 2009.

M&A Market Overview

Out of 3989 transactions tracked by Berkery Noyes between 2007 and the 1st Half of 2009, 1432 had disclosed enterprise values with an aggregate of $316.79 billion. Using these values in a histogram on a logarithmic scale, we project an aggregate value of $63.41 billion for the 2557 undisclosed transactions. In total, we project a combined aggregate value of $380.21 billion worth of transactions over the past two and a half years.

The largest transaction tracked by Berkery Noyes between 2007 and the 1st Half of 2009 was Thomson Corporation’s merger with Reuters Group PLC for $18.18 billion.

Berkery Noyes determined that nearly one-third of companies sold between 2007 and the 1st Half of 2009 received enterprise values between $4 million and $33 million.

The most active buyer in the Information Industry, in terms of volume between 2007 and the 1st Half of 2009, was Oracle Corporation with 27 transactions.