Venture Exits Q1 '07

Venture-backed IPO activity increased in Q1 2007 with 17 companies raising $2.09 billion, a 70% increase from Q1 2006. However, merger and acquisition activity declined with only 62 deals compared to 104 in Q1 2006. While the number of deals decreased, the average deal size increased to $161.2 million. Information technology companies accounted for most of the IPO and acquisition activity.