M&A activity continued to recover in December with 20 Work Tech acquisitions announced, including the acquisition of Slack by Salesforce and Pluralsight by Vista. This brings the total number of acquisitions for Q4 2020 to 56 – levels not seen since the peak of 2019. Investments in Future of Work businesses totalled $967M in November across 27 deals, with average investment size of $35.8M. Investments were broad-based, with propensity towards Productivity and Talent Acquisition.
November 6, 2025
Q3 2025 Future of Work M&A and Investment Activity
Deep dive into the M&A and investment activity for WorkTech and HR Tech businesses globally during Q3 2025 and over the preceding 12 months.




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