2016 saw PE interest in the tech industry reach dizzying new heights, as 600+ completed PE transactions totaled $96 billion. Per the 2017 BDO Technology Outlook Survey, tech CFOs remain optimistic about continued growth in 2017. PE buyers are paying premium multiples to gain exposure to high-growth opportunities in this competitive marketplace. In fact, the industry is so alluring, PE firms have even begun to encroach on venture capital-backed territory to gain a foothold.
In partnership with PitchBook, BDO’s Current State of IT brief details key trends within PE activity in the sector, and what the future may hold for fund managers looking to get involved. Get the free report here.