The Technology M&A market exploded in 1995 with an average of more than 7 transactions daily in North America alone. Multiple economic and financial factors are responsible for this unprecedented level of activity. While capital continues to pour in, creating more public technology companies than ever before, the pace of change has quickened with a convergence of multiple technology segments that were previously thought separate. A number of technology markets are also maturing, leading to substantial concentration plays by major vendors. In our discussion, we will review current M&A trends as well as their causes. We will also take a look at the internet market and see through specific examples how these events are unfolding.
Javier Rojas began his career with Broadview in 1989 and is now a Managing Director in the firm's San Mateo office. Prior to joining Broadview, he was with Morgan Stanley where he worked on the U.S. Telecom/GTE Sprint merger, the Texas Gulf/Elf Aquitaine merger and Morgan Stanley's own initial public offering. Mr. Rojas then founded Swap Systems, a software firm. Mr. Rojas holds a MBA degree from The Harvard Graduate School of Business Administration.