Organisations need to continually innovate by creating new products, services and processes in order to maintain their competitive advantage. One way that technology companies are able to innovate and maintain their competitive advantage is by acquiring other companies with key technology and intellectual property. This can include patents, trademarks, production processes, R & D labs etc.
Instead of developing their own technologies, sometimes it is more economical to acquire a company that already has the needed technology. Another reason is to increase market share by acquiring a competitor which allows them to enjoy a cost advantage over competitors.
Find the data website has a lot of information about acquisitions in the technology sector.