Nearly 61% indulged in domestic deals over cross-border ones, indicating that the buyers are still not very open to deals outside of their geographies due to remote management and regulatory concerns.
54% of the deals have been in the IT services space, followed by 32% in the BPO industry. Deals in these segments are yet to pick up and greater activity is expected to be seen in 2010.
US continues to be a predominant country in the M&A activity. Deals in the areas of virtualization including, SaaS and cloud computing, are being considered. Offshore locations like India & China have started showing increased interest in client geography acquisitions, but the number of deals are still significantly low.
Continued...
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