---
title: "A Banner Year for M\u0026A only Five Months In"
description: "2025 sees record-breaking M\u0026A activity with $32B+ in tech deals, led by Salesforce-Informatica and Google-Wiz acquisitions. Analysis of enterprise tech market trends."
categories: ["exits"]
keywords: ["Salesforce acquisition","Informatica","Google acquisition","Wiz","M\u0026A activity","enterprise software market","venture capital","tech deals","2025 M\u0026A trends","Cloudflare earnings"]
ai_summary: "2025 sees record M\u0026A activity in tech with $32B+ in deals, led by Salesforce and Google acquisitions, indicating strong market trends."
date: 2025-05-28
lastmod: 2026-07-28
canonical_url: https://www.tomtunguz.com/2025-ma-informatica/
author: "Tomasz Tunguz"
---
With [Salesforce announcing its intent to acquire Informatica](https://www.bloomberg.com/news/articles/2025-05-27/salesforce-agrees-to-buy-informatica-in-deal-worth-8-billion
) & [Google's announced acquisition of Wiz](https://blog.google/inside-google/company-announcements/google-agreement-acquire-wiz/), 2025 is the best year in the last six in terms of M&A value.1
These massive acquisitions, totalling more than $32b propel 2025's year-to-date number to decade highs - exceeding the fast-money pre-Covid days of 2020.
But the total number of acquisitions with disclosed deal values (typically a few hundred million or more) is also greater than any year in the decade. At this rate, the total number of M&A could be twice the average in the last five years.
The IPO market remains relatively quiet. However, the recent quarterly earnings reports from Cloudflare, Snowflake, [Microsoft](https://tomtunguz.com/earnings-microsoft-2025-04-30/) and others demonstrate strength in the enterprise software market. Snowflake [raised guidance for product revenue](https://www.reuters.com/business/snowflake-raises-annual-product-revenue-forecast-2025-05-21/) & Microsoft [did as much for next quarter](https://www.microsoft.com/en-us/investor/events/fy-2025/earnings-fy-2025-q3?utm_source=chatgpt.com).
Combined with some hope of clarity in trade policy, perhaps the second half the year will shower more liquidity on startupland - a welcome reprieve to the parched conditions of the past few years.
---
1 These figures include both announced and closed. Sometimes announced acquisitions take 12 to 18 months to pass US, UK, & EU regulatory scrutiny. And so this is a bit forward looking of an analysis.