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The biggest enterprise technology M&A deals of 2021

Already in 2021, we’ve seen enterprise tech acquisitions in hardware, software, and services that have topped $1 billion — although so far there’s nothing to rival the two blockbuster deals announced in 2020, Salesforce.com’s $27.7 billion offer for Slack and AMD’s $35 billion bid for Xilinx, both of which have yet to close.

The pace of acquisitions will increase in 2021, according to two-thirds of company executives, bankers, and other dealmakers surveyed by Morrison & Foerster last December. That’s the most optimistic forecast in almost seven years, according to the law firm.

The enterprise software and services landscape is ripe for such consolidation. It has continued evolving, even as the pandemic has rumbled on, with cloud services in particular changing rapidly. The big outsourcers are adapting their offering to match, often through the acquisition of smaller rivals or niche professional services firms.

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