"We are seeing an enormous amount of really good companies coming up and good people leaving their jobs and joining start-ups, which is always a sign of confidence," Mr Dharmaraj told BBC News.
Recent acquisitions in the hi-tech field include the purchase of Mint.com by Intuit for $170m (£102m), Adobe buying Omniture for $1.8bn (£1.08bn), the sale of Skype to a private equity syndicate for $2bn (£1.2bn) and the purchase of SpringSource by VMware for $420m (£254m).
"Looks like the economy, and with it the urge to splurge, is back - especially in Silicon Valley," said Om Malik of tech blog Gigaom.com.
via news.bbc.co.uk
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