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March 6, 2013 By News Staff
A new ranking of U.S. metropolitan areas' tech prowess has been released, and annoints Silicon Valley as No. 1 due to 226 acquisitions of privately held technology companies in 2012. The list comes from PrivCo, a research company offering insights on private companies.
While the premier ranking of this Northern California innovation hub isn't surprising, the area was outdone by both New York City and Boston when evaluated based on the price tag of the largest deal made in 2012.
Infrastructure provider Zayo's acquistion of AboveNet for $2.2 billion outdid Oracle's $1.9 billion purchase of talent management company Taleo. In No. 3 ranked Boston's top deal, finalized in Dec. 2012, Berkshire Partners bought Lightower Fiber Networks for $2 billion.
Here's the complete top ten list:
| Rank | Metropolitan Area | Acquisitions |
| 1. | Silicon Valley | 226 |
| 2. | New York | 100 |
| 3. | Boston | 62 |
| 4. | Los Angeles | 55 |
| 5. | Seattle | 43 |
| 6. | Austin | 40 |
| 7. | Washington D.C. | 39 |
| 8. | Atlanta | 36 |
| 9. | Dallas | 33 |
| 10. | Houston |
30 |
For more information, including details on each metropolitan area's largest acquisition, visit PrivCo's website.
You may use or reference this story with attribution and a link to
http://www.govtech.com/infographics/Top-10-Tech-Cities.html
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So number of acquisitions equates to "tech prowess"? Seems like a poor measure.
In my opinion, # of local tech companies acquired is 1 of best measures of a city's tech ecosystem. (There have been other flawed measures before PrivCos' innovative "acquisitions"measure - like # of startups of VC funding raised - but these only measure the "start" not the "finish/success". I think the PrivCo Top Tech Cities rankings will prove to be the industry standard and - tho NO measure is 100% perfect - it's the best measure of success rates yet.