The Enterprise Stack – Q2 2022

Julie Langley, Richard Latner, William Garbutt, Vinay Saraiwala, Ryan Wheeler McKinley

The private M&A markets recorded just north of 500 deals for the quarter, a number significantly greater than that recorded in Q2 of 2021 (399), and well above pre-pandemic levels. This quarter further witnessed one of the biggest acquisitions in tech history – Broadcom’s $69Bn acquisition of VMware, as the chipmaker seeks to diversify and expand its Enterprise Software offering.

Cybersecurity continues to prove its resilience, and cultivating an organisation-wide cyber-aware culture is becoming an increasing priority for CIOs. During the quarter, CG Results advised HelpSystems on its acquisition of security awareness training platform Terranova, and bug bounty and vulnerability disclosure platform Intigriti, on its series B fundraise from Octopus Ventures.

The outlook for the second half of 2022 will see demand for attractive private market assets continue, as public market volatility persists. Vendors delivering mission-critical solutions will find they continue to attract attention from investors and strategic acquirers alike, with valuations holding for the most sought-after capabilities.