"Failure to develop or market new products and services" was listed by 84 percent of the tech SEC filings, according to the BDO report. Meanwhile, "labor concerns" were cited in 83 percent of the filings and "ability to attract or retain key personnel" was listed in 81 percent of the filings.
There is little doubt that competitive pressures cited by tech companies in the filings have increased their appetites for growth through acquisition. In the U.S. alone, the value of tech deals that closed in the first quarter (and whose price was disclosed) was up 113 percent year over year to $22.6 billion, according to PricewaterhouseCoopers.
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