M&A 'bolstered' by SaaS

Business management software and software-as-a-service (SaaS) is becoming the standard practice among companies involved with mergers and acquisitions (M&A), according to a new report.

PricewaterhouseCoopers stated that after a "deep sleep" during 2009, the UK technology M&A market has woken up with "renewed confidence" as activity levels and deal pipelines open up.

It was noted that a number of positive market drivers have powered the recovery within the sector, including boosted financial regulations, risk management solution demand and the focus on cost reduction in IT systems: something delivered by business management software and SaaS.

Andy Morgan, a partner at the company, continued: "The real hotspot in the world of applications is software-as-a-service (SaaS) as organisations see the benefits of moving large-scale software expenses from their capital budget to their operating budget, which will certainly drive increased M&A activity."

PwC aims to build itself into the "iconic" professional services organisation and is founded on the culture of partnership while maintaining a prolific commercial focus.

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