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Heady days for tech sector 15 years after bubble burst

Survey shows 3,512 merger or acquisition deals last year worth US$237.6 billion, the highest figure since 2000

Published Tue, Feb 3, 2015 · 09:50 PM
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New York

FIFTEEN years after the bursting of the dotcom bubble, the tech sector is flying high again, with record amounts of cash pouring in, and renewed fears about inflated valuations.

A survey by the EY (formerly Ernst & Young) group counted 3,512 mergers or acquisitions in the tech sector in 2014, for a total value of US$237.6 billion, the highest figure since 2000.

The report said the outlook for deals in 2015 remains "robust". There are no signs the trend is slowing.

"Tech investment bankers have told us that their pipelines are fuller than they've been in years, while corporate development executives indicated they expect to be even busier shopping this year," said Brenon Daly…

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