Mergers and acquisitions in the technology, media and telecommunications (TMT) sector will soar over the next 12 months, as companies in a wide array of industries seek to improve efficiency in business processes and increase protection against cyberattacks, according to Mergers & Acquisitions’ Mid-Market Pulse (MMP). The MMP is a forward-looking sentiment indicator based on a monthly survey of approximately 250 middle-market M&A professionals and published in partnership with CT, a provider of business compliance and deal support services. (Read the full report).
Survey participants gave the TMT sector a composite score of 75.1 for the 3-month outlook and a score of 72.5 for the 12-month outlook. Companies in many industries, including retail, manufacturing and financial services, are hoping to update their business processes with innovations, including cloud computing and Software-as-a-Service (SaaS).