Depends on the strategy behind the M&A, one strategy is to consolidate resources during unstable times. Another strategy is a need to rapidly adapt to the instability in the market by acquiring and expanding into new capabilities to remain competitive. We see an increase in M&As in the technology industry post-2020 which is arguably driven by a need for industries to quickly digitize operations and an increased importance of digital security and collaborative videoconferencing tools which became a necessity for any business to remain operational during the covid era.
