With deal volume and value doubling that of the previous quarter, technology deals accelerated in the third quarter returning to, and in some ways surpassing, 2012 levels after a very slow start to the year, according to PwC’s U.S. Q3 technology deals insights report.
With 63 transactions completed in the third quarter, the number of technology deals increased 97 percent compared to the second quarter, when only 32 deals were completed. Average deal value increased to $440 million, up from $253 million in the first quarter and $433 million in the second quarter of 2013. Deal value during the third quarter totaled $27.7 billion, doubling that of the second quarter. A total of eight transactions in excess of $1 billion closed.
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