WorkTech M&A and Investment Activity Roundup – 1Q 2021

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A record $5.2Bn was invested in Work Tech during 1Q 2021 across 172 deals – all-time high levels both in terms of volume and value. The average investment size continued to grow, reaching $31.4M vs. $21.2M in the previous quarter. In terms of M&A, several major vendors pursued acquisitions, taking advantage of market conditions. 52 acquisition were announced in total – a slight pullback compared to the peak of 4Q 2020 but still high compared to historical levels. In the public markets, median valuation multiples for pure Work Tech companies expanded 19% to 9.0x CY2021 revenue vs. the end of Q4 ‘20. Productivity businesses pulled back from their peak, contracting by 25% over the same period, while valuation multiples for Diversified Work Tech and HR Services remained broadly stable. #element-ce40eb1e-4b65-442b-bff6-940927051019 .colored-box-content { clear: both; float: left; width: 100%; -moz-box-sizing: border-box; -webkit-box-sizing: border-box; -ms-box-sizing: border-box; box-sizing: border-box; background-color: #f4f7f8; padding-top: 20px; padding-bottom: 20px; padding-left: 20px; padding-right: 20px; -webkit-border-top-left-radius: 0px; -moz-border-top-left-radius: 0px; border-top-left-radius: 0px; -webkit-border-top-right-radius: 0px; -moz-border-top-right-radius: 0px; border-top-right-radius: 0px; -webkit-border-bottom-left-radius: 0px; -moz-border-bottom-left-radius: 0px; border-bottom-left-radius: 0px; -webkit-border-bottom-right-radius: 0px; -moz-border-bottom-right-radius: 0px; border-bottom-right-radius: 0px;}

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