VRC is proud to release its latest Industry Report. The report provides a concise, insightful update on the Technology industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Read the full report: Technology: October 2019
October 2019 Industry Highlights
- In September 2019, Hong Kong Exchanges and Clearing made a $36.6 billion bid for the London Stock Exchange. Since the offer has become public, LSE had swiftly rejected the bid and questioned Hong Kong’s future as a financial gateway to China. Talks are ongoing.
- On September 11, 2019, ANSYS, the global leader and innovator of engineering simulation software, announced that it has entered into a definitive agreement to acquire Livermore Software Technology for $775 million. Livermore is a premier provider of explicit dynamics and other advanced finite element analysis technology.
- On July 2, 2019, Morningstar completed its acquisition of credit-rating firm DBRS Inc. for $669 million from The Carlyle Group. The deal is Morningstar’s largest and is a merger of two smaller firms in a market for U.S. ratings that continues to be dominated by three giant firms.
- Read the full October 2019 Technology industry report.