NEW YORK, Feb. 23, 2021 /PRNewswire/ -- Software as a Service (SaaS) and e-commerce businesses that are fulfilled by Amazon (“FBA“) led the technology M&A market in 2020 and are expected to do so again in 2021, according to a new report by online M&A advisor FE International.
Last year, the global pandemic led to a dramatic increase in both the number of businesses operating online and in the number of consumers shopping online. Merchants looking to start up their e-commerce stores flooded platforms like Shopify, which allows anyone to set up an online store and sell their products.
The shift in buying trends cascaded to the technology M&A marketplace, where FE International saw Shopify app business deals increase by 25% in 2020.
Full story available on Benzinga.com