Most CIOs consolidated around a few major vendors for architectural and management efficiencies. Now with the M&A they are worried about "lock-in". I have heard a few recent conversations asking to dust off "change of control" clauses they were putting in to software contracts in the 90s when CA was on the prowl for acquisitions.
Some interesting survey data below from Accenture on CIO views on M&A in software industry (click on graphic to enlarge).