An enormous pick up has being witnessed once again in the tech deal flow, with Friday marking the midpoint of the second quarter.

More M&A activity has been witnessed in the April-June quarter over the past two years than any other single quarter of the year. The same trend seems to be repeating itself this year, just halfway through the period, following a historically slow start in 2009.

The analysts have tallied $22bn worth of tech transactions since the beginning of April; nearly triple the amount of spending from the first three months of the year. Since 1st April, nine of the 10 largest transactions announced so far in 2009 have been recorded.

Though it is quite tough to analyze as to what the second half of this quarter will bring, the analysts have noticed that the second quarter has traditionally accounted for a disproportionately large chunk of annual spending.

Second-quarter spending represented 44% of the annual total in the year 2007, with last year's level coming in at 34%.

One of the analyst said, "We suspect the rebounding equity markets are giving buyers confidence to do deals, as well as planting the thought that perhaps the prices they pay may be headed up from here."