Looking at buyers of Australia- and New Zealand-based tech companies, regional demand remained strong. Australia was home to 49% of acquirers, while New Zealand accounted for an additional 8%. Outside the ANZ region, the US represented 26% of buyers, followed by the United Kingdom at 7% and Canada at 3%. Overall, dealmaking remained highly international, with cross-border transactions accounting for 49% of acquisitions.

Looking at sellers by geography, Australia saw the largest volume of sellers headquartered in the country at 81%, followed by New Zealand at 19%.