Amid the on-going coronavirus pandemic, 2021 followed in the footsteps of its predecessor, continuing to be an unpredictable, and at times incredibly difficult, year. But one thing that stayed constant was the steady flow of mergers and acquisitions (M&A) across the tech sector.

According to research by Global Data, global tech M&A deals had already neared $3 trillion by Q3, largely supported by the tech, media, and telecom sectors. Although nothing rivalled Xilinx’s $35 billion acquisition of Advanced Micro Devices in 2020, last year did see Intuit buy Mailchimp for $12 billion and Square splash out a princely sum — $29 billion — for Afterpay.

GolbalData M&A chart GlobalData

Global mergers and acquisitions value.

As for whether 2022 will maintain last year’s pace, early signs seem to suggest there will be no slowing of big deals across the industry, with cybersecurity and collaboration software already proving to be hot areas.

Here are the biggest enterprise technology acquisitions of 2022 so far, in reverse chronological order:

May 5: Google acquires microLED startup Raxium

Google has acquired Raxium, a five-year-old Bay Area startup working on microLED display technologies for wearables and augmented and virtual reality (AR and VR) headsets. The financial terms of the deal were not disclosed, but could be as much as $1 billion, according to reports by The Information.

In a blog post announcing the acquisition, Rick Osterloh, senior vice president of devices and services at Google, said: “Raxium’s technical expertise in this area will play a key role as we continue to invest in our hardware efforts.”

https://www.computerworld.com/article/3646533/noteworthy-tech-acquisitions-2022.html

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