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Trump tax plans seen propelling big software deals

New administration has talked about rewriting tax provisions that could return profits stored overseas, which would fuel the size and frequency of deals

Published Sun, Feb 5, 2017 · 09:50 PM
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San Francisco

THE software industry went on a shopping spree in 2016, and this year could be even busier, bolstered by the new US president's policies and what one analyst suggests could be a major deal by Google.

The value of software deals in 2016 topped US$115 billion for acquisitions closed or pending, according to data gathered by Bloomberg. That's up about 19 per cent from 2015 and easily outpaced the growth of deals in the overall technology market, which was slightly down. And this year is already off to a strong start with Cisco Systems Inc agreeing to acquire AppDynamics Inc for US$3.7 billion right as the company was planning to go public.

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