November 9, 2012 – Mergers and acquisitions in software, cloud and Web-based sectors took up a greater proportion and value in the third quarter than in previous months, a strong point in a tech industry transaction period marked by election hesitancy and flat activity.

PwC’s U.S. Technology M&A Insights is a quarterly look at transactions with a disclosed deal value of greater than $15 million through Sept. 30. In the third quarter of 2012, there were 59 deals that closed, just one more than during the previous three months, and a total deal value hit $20.5 billion.

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