Microsoft (NASDAQ: MSFT) has agreed to acquire Deis, a company that provides Kubernetes container management technologies to help organizations more easily build, deploy and move applications to and from the cloud. The software giant plans to plug the Deis tech into the containerized workloads deployment on Azure. Upon completion, the deal would mark Microsoft’s 24th acquisition of a SaaS company since 2010, according to the PitchBook Platform.
Overall, corporate M&A activity in the global SaaS space has cooled recently after a period of frenetic activity that ramped up in 2014. Since the start of 2010, 3,442 corporate acquirers have stumped for a SaaS company, completing 5,198 deals in that time, per PitchBook data. Though after a peak of 1,268 deals in 2015, activity dropped nearly 30% to 903 acquisitions last year.