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Software Deals Could See Boost With Trump Tax Break on Overseas Cash

Enterprise software has been a hotbed for mergers and acquisitions this year, with Oracle (ORCL) , (CRM) and Microsoft (MSFT) and others chasing companies that develop cloud, analytics, artificial intelligence and related software.

EDITOR'S NOTE: This article was originally published by The Deal, a sister publication of TheStreet that offers sophisticated insight and analysis on all types of deals, from inception to integration. Click here for a free trial.

While the policies of the incoming Trump administration present a number of wild cards to tech and other sectors, the President-elect's proposal to allow a reduced tax bill for repatriated cash could provide Silicon Valley with funds for a continued acquisition spree.

The enterprise software companies that Evercore covers have $183 billion in offshore cash, analyst Kirk Materne wrote in a post-election report, not counting...