Tech continued to dominate M&A activity of high-growth companies within the South East.
In Q3, tech-related transactions comprised 74% of all M&A activity in the region, which is stable when compared to the 85% share reported in Q1 and Q2 2024.
Tech continued to dominate M&A activity of high-growth companies within the South East. In Q3, tech-related transactions comprised 74% of all M&A activity in the region, which is stable when compared to the 85% share reported in Q1 and Q2 2024. Within the tech sector, application software remained the most active subsector.
Percentage of tech-related sector M&A deal activity in the South East (Q3 2024)
London also saw the tech sector dominate M&A activity with 81% of such activity involving tech-related businesses, with application software deals accounting for a particularly high proportion (41.18%).
Deal spotlight: Application software
Xantura
Founded in 2008, Xantura provides data sharing and advanced analytics services to the public sector. Xantura has developed a cloud-based software platform that integrates data from various council agencies to offer a comprehensive view of people's needs, facilitating coordinated support by councils. In July 2024, Newton, a strategic delivery consultancy, acquired Xantura.
Deal spotlight: Application software
Northell Ltd
In July 2024, HH Global, a prominent leader in responsible marketing activation services, acquired Northell Ltd. Northell is renowned for its advanced development and implementation of AI and has earned recognition from leading technology analysts Forrester and Gartner.
Deal spotlight: Application software
Oxford Semantic Technologies
Oxford Semantic Technologies (OST) is a UK-based start-up, spun out from the University of Oxford, specialising in knowledge gap technology. They developed RDFox®, the world’s most advanced knowledge graph software with semantic reasoning, to aid AI applications. OST was acquired by Samsung Electronics in July 2024.