Large Tech Companies Prepare for Acquisition Spree
After pushing the pause button during the coronavirus pandemic, big enterprise-technology companies later this year are expected to go on a shopping spree for smaller tech firms, industry analysts say.
The tighter market could leave fewer options for cash-strapped chief information officers, they say.
“What this means for CIOs is likely higher prices and less choice,” said Crawford Del Prete, president of technology research firm International Data Corp.
Mr. Del Prete said many large IT providers over the next few years will be looking to fill gaps or expand into new markets, in part by targeting embattled startups struggling to reignite sales and raise capital.