Canada Ranks Third in World for Tech Acquisitions, Report Reveals

More than 2,200 private technology companies were acquired around the world in 2012. According to a new report from CB Insights, Canada was the third-most active country in the world for acquisitions, behind only the US and UK.

The US led the list, with Google and Facebook acquiring a dozen private companies, many of which were talent acquisitions. Silicon Valley, not surprisingly, accounted for the bulk of America’s acquisitions in both deals and dollars—more than three times the deals done in New York.

With 10% of the population of America, Canada will never rank first. But the report notes that Canada “has a lot of momentum as of late on both the financing and exit front.” All things considered, third is an impressive position.

CB Insights says that, remarkably, more than three-quarters of all tech companies acquired last year did not raise any venture capital, instead sustaining themselves solely on profits and funding from friends, family, and private angels. It also noted that 30% of the deals accounted for 80% of the total value of transactions.