According to AxialMarket, the technology sector was the second most active through the first three quarters of 2011, making up 18 percent of the network’s transaction opportunities. Of the 2,900 companies brought to market, 522 have come out of the technology sector.

Within the technology space, application software, IT consulting and Internet software were the top three subsectors for deal flow respectively. And while computer hardware came in as the last subsector representing only 1.4 percent of total deal flow, it had one of the highest pursuit rates, showing a high demand among investors.

AxialMarket noted industrials as the top sector for deal activity so far in 2011. Consumer discretionary and the health care industry came in third and fourth respectively.