Analysts from KPMG have already singled out the technology sector as ripe for a wave of M&A activity this year, and now PricewaterhouseCoopers (PwC) has affirmed confidence is returning and "the right conditions appear to be in place" to signal a tipping point into the next stage of the deal cycle.
In its Global M&A Predictor, KPMG pointed out that tech firms performed strongly during the recession and entered 2010 armed with healthy balance sheets, relatively low debt levels and - in some cases - large cash reserves.
Although a decline in global tech deals was mirrored in the UK in 2009, with completed deal volumes down by over 60 per cent from 66 to 25, average deal values remained relatively stable. They also exceeded the previous year in both the software and IT services and hardware segments.
However, says PwC partner Andy Morgan, extended transaction timetables are still a feature of the market and "successful completions will depend on vendor price expectations ... both buyers and sellers must embrace a new era of realism if deals are to be done."
Morgan also notes that recovery in UK technology businesses for sale and merger marketplace appears less pronounced than in the US, where "mega-deal announcements" have provided momentum. 
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