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Remote-Work Technology Fuels M&A Activity During Pandemic [Video]

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Technology ventures that are developing software for videoconferencing, collaboration and e-commerce tools are becoming hot acquisition targets for large companies and investors during the pandemic.

Lifesize Inc., a videoconferencing software company based in Austin, Texas, in August announced a deal to purchase collaboration-tool maker Kaptivo, citing a growing demand for remote-work apps. Lifesize itself was acquired by Marlin Equity Partners in March. The terms of the deals weren’t disclosed.

“We see a long-term step change in the usage of remote-collaboration tools for both business and education,” said Peter Spasov, Marlin’s senior managing director. Mr. Spasov said the acquisitions of Lifesize and Kaptivo “capitalize on that trend.”

Miro Parizek, principal partner for technology at M&A advisory firm Hampleton Partners, said Covid-19 is reshaping workplace practices, following lockdowns and travel restrictions.

He said the shift to remote work over the past few months—in some cases marking a permanent change—has refocused the sights …

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