NEW YORK — July 1, 2022 — Berkery Noyes, an independent mid-market investment bank, today released its half year 2022 mergers and acquisitions trend report for the Software Industry. The report analyzes M&A activity during the first half of 2022 and compares it with the four previous six-month periods from 2020 to 2021.
Total deal volume declined four percent on a half year basis. Aggregate transaction value gained 67 percent, from $212.12 billion to $353.37 billion.
Niche Software volume, which is targeted to specific vertical markets, decreased two percent in first half 2022 over second half 2021. High profile segment transactions year-to-date included Stryker Corporation’s acquisition of Vocera Communications, a provider of clinical communication and workflow solutions, for $2.91 billion; and SoFi’s acquisition of Technisys, a multi-product core banking platform, for $1.1 billion.
Deal activity in the Business Software segment remained nearly constant first half 2022. Notable segment transactions included Kohlberg Kravis Robert’s announced acquisition of APEX Analytix, which offers supply chain risk management software and services; TA Associates and Clearlake Capital Group’s acquisition of Kofax, a provider of automation software for digital workflow transformation; and Microsoft’s acquisition of Minit, a global business process analysis solution.
M&A volume in the Infrastructure segment declined two percent on a half year basis. Notable Infrastructure transactions included Google’s announced acquisition of Mandiant Corporation, a cyber security software provider, for $4.77 billion; and Aptiv’s announced acquisition of Wind River, whose software enables the secure development, deployment, operations and servicing of mission-critical intelligent systems, for $4.3 billion.
Meanwhile, the number of deals in the Consumer Software segment declined seven percent in first half 2022.
A copy of the SOFTWARE INDUSTRY M&A REPORT FOR HALF YEAR 2022 is available at the Berkery Noyes website.