The report under offers a superb overview of the second quarter M&A exercise within the Expertise, Media and Telecom Business Sector. M&A exercise for North American based mostly goal corporations within the Expertise, Media and Telecom sector for Q1 2019 included 328 closed offers, in accordance with knowledge revealed by business knowledge tracker FactSet.
One of many notable center market transactions was introduced in March when Envestnet, Inc. acquired PIEtech, Inc. for US$521.2 million in money and inventory. Envestnet engages within the provision of clever programs for wealth administration and monetary wellness. PIEtech develops monetary planning software program for monetary advisors. It presents MoneyGuidePro, an Web based mostly monetary planning software program that helps advisors to create, implement and preserve funding methods to satisfy monetary targets. The corporate was based in 1997 and is headquartered in Powhatan, VA.
US company earnings, which point out company demand for pc software program, rose 7.four% within the fourth quarter of 2018 in comparison with the identical interval in 2017.
US retail gross sales for electronics and equipment shops, a possible measure of demand for pc software program, decreased three.1% within the first three months of 2019 in comparison with the identical interval in 2018.
Whole US income for pc programs design and associated providers rose 10.9% within the fourth quarter of 2018 in comparison with the earlier yr.
Whole US income for software program publishers rose 17.three% within the fourth quarter of 2018 in comparison with the earlier yr.
Posted by Dan Vermeire.
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