Driven by booming public markets, record cash reserves and continuing disruptive technological change, the current surge in tech M&A volume and valuations has continued through Q1 of 2015. Tune into the Tech M&A Quarterly webcast, a look at the year so far for mergers and acquisitions of software and related technology companies. Don’t miss the key deals, trends and valuations for all six technology sectors and 29 subsectors.
With a constant stream of market turmoil, disruptive business models and even more disruptive technologies, what does it all mean for Tech M&A? Tech M&A Quarterly looks at how today's headlines influenced mergers and acquisitions of technology companies in Q3 2015, and what the next few months look like. Corum's research team walked through the key deals, trends and valuations from the last few record months of tech M&A, across all six tech sectors and 29 subsectors.
2015 Tech M&A - 1H: 2015 MidYear ReportCorum Group
July 16, join us as we mark the halfway-point of 2015--another remarkable year for tech M&A, as booming public markets, resurgent IPOs, record-setting buyer cash and disruptive technologies continue to drive deal flow. We’ll look back at the notable deals, high valuations and key trends in all six tech markets and 29 subsectors. We'll also look again at the Top 10 Disruptive Technology Trends for 2015, looking at their impact so far this year. Plus, deal reports from the M&A trenches on transactions just closed in the insurance and government verticals.
Public markets are hitting records, valuations are at all-time highs, and buyers are hungry for companies with the disruptive technology they need to succeed in this era of rapid change. How should technology company owners, investors and executives be thinking about M&A in today's environment? How long will this boom last?
July 13, tune in to the Tech M&A Monthly Midyear Update, for a detailed analysis of the key deals, trends and valuation metrics across all six technology sectors and 30 subsectors. Plus, an update on this year's Top 10 Disruptive Technology Trends—how have trends like AI Enablement, Visual Intelligence Systems and Connected Health driven deals this year? What’s next? What do these complex, interrelated trends mean for your company's future? Join Corum’s research and deal teams for the 2017 Midyear Global Tech M&A Update.
This report covers venture capital funding in Europe and Israel (including Russia and Turkey). Founded in 2013 in Amsterdam, Dealroom has become Europe’s leading venture capital database, tracking over 500,000 high-growth companies and 10,000 investors in Europe and beyond. Dealroom provides a 360° view by combining research with big data and machine learning, plus contributions from over 10,000 local market experts.
Tech M&A Monthly: 9 Practical Tips for Presenting to AcquirerCorum Group
Presenting your company to potential acquirers is unlike any other kind of presentation. You’ve pitched products, investors and partners, but when the product itself is your company, it requires a new approach for what could be the most important presentation of your life. Thursday, August 10, Corum’s global team of dealmakers will walk through nine practical tips for giving management presentations during the tech M&A process. What should you present? How should you present it? Who should be involved? We’ll walk through key insights based on decades of experience to help you prepare. Plus, deals, trends and valuation metrics from across the technology industry.
Tech M&A continued to reach new highs as 2016 began, with disruptive technology, plus trillions of dollars of ready cash, driving both strategic and financial acquirers to buy software and related technology companies at a pace not seen in over a decade. What’s next for tech M&A? Join Corum Group and hundreds of technology CEOs globally for the largest tech M&A event of the year – Forecast 2016, the Global Tech M&A Report. Hear from Corum dealmakers globally, plus our panel of industry luminaries:
Peter Coffee, Salesforce, VP for Strategic Research
Mukund Mohan, Microsoft, Director, Strategy for Sales & Enterprise
Dr. Karl-Michael Popp, SAP, Senior Director of Corporate Development
Reese Jones, Silicon Valley Futurist & Singularity University Founder
Plus, a look at the 10 Disruptive Technology Trends for 2016, the annual Corum Index of Tech M&A and valuation metrics across the six technology sectors and 30 subsectors. You don’t want to miss the premier event each year for software company owners and CEOs.
Tech M&A Monthly: Forecast 2016 - Part 2: Private EquityCorum Group
Private Equity’s role in today's Tech M&A market continues to grow, with no upper bounds in sight. They are in the mix for on most deals, whether directly or through a portfolio company, going after both platforms companies and bolt-ons. And with trillions in uncommitted funds earmarked to be spent, they're outbidding strategic buyers, driving up valuations and changing the competitive landscape. Is your market on their radar? How can you get direct interest from Private Equity? What do you do when you’ve got it? What about from a portfolio company? Find out from our panel of leading global Private Equity firms.
2014 Tech M&A Monthly - Deal Structures TodayCorum Group
With healthy capital markets, booming public markets and a resurgent IPO environment, deal structures are beginning to move away from the cash-only rules of the last few years. Buyers are using more stock and earn-out, while leveraging cheap debt to sometimes make acquisitions beyond their reach just a couple years ago. When should you consider stock? What’s the role of earn-outs? How should you approach non-competes? Find out during the September edition of Tech M&A Monthly.
With a constant stream of market turmoil, disruptive business models and even more disruptive technologies, what does it all mean for Tech M&A? Tech M&A Quarterly looks at how today's headlines influenced mergers and acquisitions of technology companies in Q3 2015, and what the next few months look like. Corum's research team walked through the key deals, trends and valuations from the last few record months of tech M&A, across all six tech sectors and 29 subsectors.
2015 Tech M&A - 1H: 2015 MidYear ReportCorum Group
July 16, join us as we mark the halfway-point of 2015--another remarkable year for tech M&A, as booming public markets, resurgent IPOs, record-setting buyer cash and disruptive technologies continue to drive deal flow. We’ll look back at the notable deals, high valuations and key trends in all six tech markets and 29 subsectors. We'll also look again at the Top 10 Disruptive Technology Trends for 2015, looking at their impact so far this year. Plus, deal reports from the M&A trenches on transactions just closed in the insurance and government verticals.
Public markets are hitting records, valuations are at all-time highs, and buyers are hungry for companies with the disruptive technology they need to succeed in this era of rapid change. How should technology company owners, investors and executives be thinking about M&A in today's environment? How long will this boom last?
July 13, tune in to the Tech M&A Monthly Midyear Update, for a detailed analysis of the key deals, trends and valuation metrics across all six technology sectors and 30 subsectors. Plus, an update on this year's Top 10 Disruptive Technology Trends—how have trends like AI Enablement, Visual Intelligence Systems and Connected Health driven deals this year? What’s next? What do these complex, interrelated trends mean for your company's future? Join Corum’s research and deal teams for the 2017 Midyear Global Tech M&A Update.
This report covers venture capital funding in Europe and Israel (including Russia and Turkey). Founded in 2013 in Amsterdam, Dealroom has become Europe’s leading venture capital database, tracking over 500,000 high-growth companies and 10,000 investors in Europe and beyond. Dealroom provides a 360° view by combining research with big data and machine learning, plus contributions from over 10,000 local market experts.
Tech M&A Monthly: 9 Practical Tips for Presenting to AcquirerCorum Group
Presenting your company to potential acquirers is unlike any other kind of presentation. You’ve pitched products, investors and partners, but when the product itself is your company, it requires a new approach for what could be the most important presentation of your life. Thursday, August 10, Corum’s global team of dealmakers will walk through nine practical tips for giving management presentations during the tech M&A process. What should you present? How should you present it? Who should be involved? We’ll walk through key insights based on decades of experience to help you prepare. Plus, deals, trends and valuation metrics from across the technology industry.
Tech M&A continued to reach new highs as 2016 began, with disruptive technology, plus trillions of dollars of ready cash, driving both strategic and financial acquirers to buy software and related technology companies at a pace not seen in over a decade. What’s next for tech M&A? Join Corum Group and hundreds of technology CEOs globally for the largest tech M&A event of the year – Forecast 2016, the Global Tech M&A Report. Hear from Corum dealmakers globally, plus our panel of industry luminaries:
Peter Coffee, Salesforce, VP for Strategic Research
Mukund Mohan, Microsoft, Director, Strategy for Sales & Enterprise
Dr. Karl-Michael Popp, SAP, Senior Director of Corporate Development
Reese Jones, Silicon Valley Futurist & Singularity University Founder
Plus, a look at the 10 Disruptive Technology Trends for 2016, the annual Corum Index of Tech M&A and valuation metrics across the six technology sectors and 30 subsectors. You don’t want to miss the premier event each year for software company owners and CEOs.
Tech M&A Monthly: Forecast 2016 - Part 2: Private EquityCorum Group
Private Equity’s role in today's Tech M&A market continues to grow, with no upper bounds in sight. They are in the mix for on most deals, whether directly or through a portfolio company, going after both platforms companies and bolt-ons. And with trillions in uncommitted funds earmarked to be spent, they're outbidding strategic buyers, driving up valuations and changing the competitive landscape. Is your market on their radar? How can you get direct interest from Private Equity? What do you do when you’ve got it? What about from a portfolio company? Find out from our panel of leading global Private Equity firms.
2014 Tech M&A Monthly - Deal Structures TodayCorum Group
With healthy capital markets, booming public markets and a resurgent IPO environment, deal structures are beginning to move away from the cash-only rules of the last few years. Buyers are using more stock and earn-out, while leveraging cheap debt to sometimes make acquisitions beyond their reach just a couple years ago. When should you consider stock? What’s the role of earn-outs? How should you approach non-competes? Find out during the September edition of Tech M&A Monthly.
Tech M&A Monthly: Misconceptions Killing Deals TodayCorum Group
In today’s tech M&A market, it’s easy to find advice on how and when to sell a technology company. Unfortunately, a lot of it is wrong. And not simply wrong, but potentially damaging, both to your M&A prospects and potentially to your company’s future. In the May edition of Tech M&A Monthly, Corum’s global team of dealmakers will examine a multitude of misconceptions that can put your company’s value at risk, kill deals, and even destroy companies. Plus, news from the M&A trenches, plus key deals, trends and valuations from the last month.
Tech M&A Monthly: 6 Merger Myth and MisconceptionsCorum Group
Strong public markets and high demand for disruptive tech are continuing to drive high valuations for technology companies. Corum Group’s research team looked at the key deals, trends and valuations across all six tech sectors and 30 subsectors. What sectors are getting the highest valuations? What are acquirers after? How long will these good times continue? Corum’s senior dealmakers will also address six merger myths & misconceptions that might be keeping your company from taking advantage of today’s hot M&A market.
What happened in Tech M&A during the first quarter of 2019? How has the rapid market recovery impacted valuations? Are private equity deals still soaring? Who are the new buyers making waves? Listen in as Corum Group gives the most in-depth look available at Q1 of 2019 for mergers and across all six technology sectors and 30 subsectors. Plus, we’ll get a special report on succession planning for tech company owners and executives, and a report from a special series of M&A conferences across Europe.
The messaging space is consolidating, with recent high-profile deals and more to come. This webcast examines reasons for the consolidation, key factors for CEOs and owners to be aware of, and how to realize the value of companies with messaging, mobile marketing, SMS and related technologies.
2014 Tech M&A Monthly - Mid-Year ReportCorum Group
This month, join us as we mark the halfway-point of this remarkable year for tech M&A, and look both back and ahead. We’ll look back at the notable deals, high valuations and key trends in all six market sand 26 subsectors that have made 2014 such a wild ride. Then, we’ll look ahead at the factors that could bring the ride to a sudden halt—either for the market as a whole, or for your company’s value in particular. Nothing lasts forever, so we’ll be examining the six events that could kill the market, as well as six events that, regardless of the overall environment, could kill your company’s value before you have a chance to realize that value.
Plus, special announcements of deals out of the UK, the US heartland and beyond, plus a look at the way Enmeshed Systems and the blurring lines between hardware and software are driving key deals and high valuations. Don’t miss this extended 45-minute presentation
Tech M&A Monthly: Valuations for an Optimal OutcomeCorum Group
“How much is my company worth?” No magic formula can answer this question, but a valuation report is still a key component of the disciplined tech M&A process that will ultimately bring an optimal outcome. Thursday, November 8, as the world’s leading expert on tech company valuations, Corum Group will share best practices for developing, presenting and making the best use of a valuation to create the auction environment that will result in the best price and deal structure for your software or related technology company.
With market uncertainty and volatility dominating finance headlines, but tech M&A still breaking records amidst strong buyer demand and high valuations, what does 2019 hold for your company? As you build out your strategic plans for the New Year, join the largest tech M&A event of the year, as Corum Group looks back at last year, and ahead to the year to come.
Join us for predictions about the M&A market for 2019, plus a scorecard from 2018; the new Top 10 Disruptive Technology Trends driving deals in 2019; deals, trends and valuations across all six technology sectors and 30 subsectors; and our annual Luminary Panel featuring SAP, Salesforce, IBM and more. Don’t miss the premier event each year for software company owners and CEOs.
Tech M&A Monthly: 12 Steps to a Successful ValuationCorum Group
When selling a software or related technology company, naturally the question of valuation is at the top of your mind. But how do you capture the effort, ingenuity and investment poured into your company in a dollar value? Where do you even begin?
Corum Group is the world's leading expert on technology company valuations, with over three decades of experience. On September 8, benefit from that experience by tuning into Tech M&A Monthly - "12 Steps to a Successful Valuation." Corum's team of senior global dealmakers will walk you through valuation processes, methods, goals and strategies that will help your company achieve an optimal outcome when the time comes for M&A.
The third quarter of 2016 has been a rocket ride in tech M&A, with public markets back to hitting records and a flurry of tech megadeals that have shaken up the tech landscape. What does all this activity mean for your company? With tech M&A volume and valuations both high, you’ll want to understand what’s happening in your sector in order to best prepare your company for whatever comes next. There’s no better way to start that process than to tune in for this 30 minute look at the key deals, trends and valuations for all six technology sectors and 30 subsectors from the tech industry’s premier M&A research team.
Tech M&A Monthly: Deal Structures TodayCorum Group
Today’s combination of active public markets, resurgent IPOs and a growing pool of buyers means that deal structures are getting more complex as buyers and sellers get creative in order to get deals done. The September edition of Tech M&A Monthly will examine some of the many ways that structure is more important than price in many cases, following up on last year’s highly-praised webcast on the topic. When is a profit sharing agreement appropriate? What’s the role of consulting agreements? How do cross-border issues complicate matters? September 10, Corum dealmakers will address these questions and more, drawing on the largest body of tech M&A in history. In addition, we’ll examine the key deals, trends and valuations from the past month in the Horizontal, Infrastructure and Consumer technology markets.
Technology companies are uniquely valuable, and much of that value is tied to intellectual property, and the protection afforded by strong patents. But with changing patent law, patent trolls, and some inventors openly giving up their patent rights, what's the best way for your technology company to secure and maximize the value of your intellectual property? With an emphasis on preparing for an M&A event, patent experts from across the industry will discuss the best strategies...
If you have technology without a patent
If you have a patent pending
If you have a patent granted
Plus, a round table discussion on Elon Musk's recent decision to renounce enforcement of thousands of Tesla patents. Good idea? Bad idea? Could Musk be starting a new trend? Join us August 27 for this and more, answering vital questions regarding patents, technology and M&A.
2015 Tech M&A Monthly - M&A Contract OverviewCorum Group
The process of selling a company is a long and complex one, but it all boils down into the final contract between the seller and the buyer. June 11, join Corum dealmakers for a detailed look at what should go into a final M&A contract—and what should stay out of them. They’ll walk through the 10 Critical Terms in Any M&A Contract, plus the Top 6 M&A Contract Mistakes, with stories straight from Corum’s 30 years of selling technology companies. Don’t miss this in-depth look at the most important document of your company’s life – and possibly yours, as well. Plus the Corum Index, and key deals, trends and valuations in the Horizontal, Infrastructure and Consumer tech sectors.
With megadeals for companies like Linkedin, Blue Coat, Demandware and more rocking the tech industry, where does that leave your company? What does the landscape look like for privately held software and related technology companies, and how should owners, investors and executives approach the M&A market in the latter half of 2016? Tune in to the Tech M&A Monthly Mid-Year Update, for a detailed analysis of the key deals, trends and valuation metrics across all six technology sectors and 30 subsectors. Plus, we’ll get an update on the Top 10 Disruptive Technology Trends—how have trends like AI Enablement, Location Intelligence and Connected Health driven deals this year, and what’s next? How do these complex, interrelated trends impact the M&A outlook for your company? Join Corum’s research and deal teams July 14 for the Mid-Year Global Tech M&A Update.
Tech M&A Monthly: Q1 Report 2017 – New Buyers and ValuationsCorum Group
How did the first quarter of 2017 go for Tech M&A? Did the megadeal mayhem of 2016 continue dominating deal flow? Are private equity deals still soaring? With the public markets hitting records, what do current valuation metrics for technology companies look like? Who are the new buyers making waves? Tune in Thursday, April 13 as Corum Group gives the most in-depth look available at Q1 of 2017 for mergers and acquisitions of software and related technology companies. We’ll look at the key deals, trends and valuations for all six technology sectors and 30 subsectors, with a special report on new buyer strategies. All of this comes with a special focus on what it all means for technology executives considering whether this is the right time to take their firms to market.
Tech M&A Monthly: 12 Negotiation Tips from the ProsCorum Group
When it comes to the most important negotiation of your life, will you be prepared? Negotiating the sale of your software company is one of the most difficult tasks you will undertake. Not only will you and the buyer be in complete opposition on every point, from price to structure to risk and more--but you're negotiating with your future boss! 12 August, Corum's senior dealmakers share 12 key negotiation tips drawn from decades of deal experience. Join us to learn how to make use of "straw men," body language, attorneys and more in order to get the optimal outcome for you and your company.
Tech M&A Monthly: Quarterly Report - April 2013Corum Group
The Tech M&A market in the first quarter of 2013 has been hotter than any time since 2000--bolstered by booming public markets, record cash and continuing disruptive technological change. How is your market faring? During this quarterly report, get the details on the key deals, trends and valuations in the Horizontal, Vertical, Consumer, Internet, Infrastructure and IT Services markets--plus reports on all 26 subsectors.
2014 Tech M&A Monthly - Quarterly ReportCorum Group
The third quarter of 2014 has been marked by soaring deal values, a surge of megadeals and the largest IPO in history. What does this mean to your company? Tune in to the Tech M&A Quarterly review webcast, where we look at the key deals, megadeals, valuations and trends impacting the global M&A market for software and related technology companies. We’ll examine:
The hot gaming market, including Twitch, Mojang, Bally and more
More megadeals, including Concur, Cars.com, Trulia and many others
What does Alibaba’s IPO—the largest tech IPO ever—mean to your company?
Deal reports from India to Seattle
Valuation metrics for all six tech markets and 26 subsectors
And much, much more—don’t miss the Tech M&A Monthly Q3 2014 Report.
2015 Tech M&A Monthly - Improve Your Deal by 48%Corum Group
Would you like to improve the value of your company by 48%? Applying a professional, carefully staged process to the sale of a technology company increases the ultimate value of the deal by 48%. On Thursday, May 14, get M&A process lessons from the pros, as Corum dealmakers globally will outline the steps they use to achieve an optimal outcome when selling a software or related technology company.
Digital Disruptors Conference - an investment framework for online stock inve...George Gabriel
We hosted the Digital Disruptors Conference in October 2015. We brought together the entire range of investors - institutional funds, superannuation funds, intermediaries, high net worths and advisers. We introduced a number of online companies to the investor market, and also dived deeper into some well-known names. The companies may change, but the analytical framework remains useful and valid.
Supply Chain Management and Logistics technologies prove to be key weapons in the battle of retailers against Amazon and other e-commerce giants. With tools that facilitate ease of supplier relationships, forecasting, improved business processes and integration, SCM and Logistics software providers deliver value to their customers and are rewarded with growth outpacing the rest of the software sector, with valuations nearly 7x revenue.
Join WFS on October 1 as we examine how these trends impact M&A for SCM and Logistics technology providers. With the top 5 vendors accounting for less than half of the market, will we see a wave of consolidation for the smaller players and point solution providers? This complimentary webcast is for CEOs, investors, private equity firms and acquirers who want to enhance their strategic planning with a better understanding of the SCM and logistics landscape, and the current demand for supply chain and logistics technology in today’s M&A market.
Smart Cities are interconnected, sustainable, low carbon cities striving to be more competitive, livable and attract more investment than traditional counterparts. The vision spans mobility, transport, buildings, infrastructure, energy and water management, security, even healthcare and governance. The market will grow to $1.5 Trillion in 2020.
This integrated technology market is driving extraordinary M&A opportunity, and on May 20, 2014 we sit down with several industry luminaries to discuss growth and exit strategies in this market.
If you are building a company capable of becoming an important thread in the smart city fabric, one that can flourish in the middle ground where sustainability and carbon friendly technologies create better living conditions, competitive and economic advantage, then you won’t want to miss this event.
Tech M&A Monthly: Misconceptions Killing Deals TodayCorum Group
In today’s tech M&A market, it’s easy to find advice on how and when to sell a technology company. Unfortunately, a lot of it is wrong. And not simply wrong, but potentially damaging, both to your M&A prospects and potentially to your company’s future. In the May edition of Tech M&A Monthly, Corum’s global team of dealmakers will examine a multitude of misconceptions that can put your company’s value at risk, kill deals, and even destroy companies. Plus, news from the M&A trenches, plus key deals, trends and valuations from the last month.
Tech M&A Monthly: 6 Merger Myth and MisconceptionsCorum Group
Strong public markets and high demand for disruptive tech are continuing to drive high valuations for technology companies. Corum Group’s research team looked at the key deals, trends and valuations across all six tech sectors and 30 subsectors. What sectors are getting the highest valuations? What are acquirers after? How long will these good times continue? Corum’s senior dealmakers will also address six merger myths & misconceptions that might be keeping your company from taking advantage of today’s hot M&A market.
What happened in Tech M&A during the first quarter of 2019? How has the rapid market recovery impacted valuations? Are private equity deals still soaring? Who are the new buyers making waves? Listen in as Corum Group gives the most in-depth look available at Q1 of 2019 for mergers and across all six technology sectors and 30 subsectors. Plus, we’ll get a special report on succession planning for tech company owners and executives, and a report from a special series of M&A conferences across Europe.
The messaging space is consolidating, with recent high-profile deals and more to come. This webcast examines reasons for the consolidation, key factors for CEOs and owners to be aware of, and how to realize the value of companies with messaging, mobile marketing, SMS and related technologies.
2014 Tech M&A Monthly - Mid-Year ReportCorum Group
This month, join us as we mark the halfway-point of this remarkable year for tech M&A, and look both back and ahead. We’ll look back at the notable deals, high valuations and key trends in all six market sand 26 subsectors that have made 2014 such a wild ride. Then, we’ll look ahead at the factors that could bring the ride to a sudden halt—either for the market as a whole, or for your company’s value in particular. Nothing lasts forever, so we’ll be examining the six events that could kill the market, as well as six events that, regardless of the overall environment, could kill your company’s value before you have a chance to realize that value.
Plus, special announcements of deals out of the UK, the US heartland and beyond, plus a look at the way Enmeshed Systems and the blurring lines between hardware and software are driving key deals and high valuations. Don’t miss this extended 45-minute presentation
Tech M&A Monthly: Valuations for an Optimal OutcomeCorum Group
“How much is my company worth?” No magic formula can answer this question, but a valuation report is still a key component of the disciplined tech M&A process that will ultimately bring an optimal outcome. Thursday, November 8, as the world’s leading expert on tech company valuations, Corum Group will share best practices for developing, presenting and making the best use of a valuation to create the auction environment that will result in the best price and deal structure for your software or related technology company.
With market uncertainty and volatility dominating finance headlines, but tech M&A still breaking records amidst strong buyer demand and high valuations, what does 2019 hold for your company? As you build out your strategic plans for the New Year, join the largest tech M&A event of the year, as Corum Group looks back at last year, and ahead to the year to come.
Join us for predictions about the M&A market for 2019, plus a scorecard from 2018; the new Top 10 Disruptive Technology Trends driving deals in 2019; deals, trends and valuations across all six technology sectors and 30 subsectors; and our annual Luminary Panel featuring SAP, Salesforce, IBM and more. Don’t miss the premier event each year for software company owners and CEOs.
Tech M&A Monthly: 12 Steps to a Successful ValuationCorum Group
When selling a software or related technology company, naturally the question of valuation is at the top of your mind. But how do you capture the effort, ingenuity and investment poured into your company in a dollar value? Where do you even begin?
Corum Group is the world's leading expert on technology company valuations, with over three decades of experience. On September 8, benefit from that experience by tuning into Tech M&A Monthly - "12 Steps to a Successful Valuation." Corum's team of senior global dealmakers will walk you through valuation processes, methods, goals and strategies that will help your company achieve an optimal outcome when the time comes for M&A.
The third quarter of 2016 has been a rocket ride in tech M&A, with public markets back to hitting records and a flurry of tech megadeals that have shaken up the tech landscape. What does all this activity mean for your company? With tech M&A volume and valuations both high, you’ll want to understand what’s happening in your sector in order to best prepare your company for whatever comes next. There’s no better way to start that process than to tune in for this 30 minute look at the key deals, trends and valuations for all six technology sectors and 30 subsectors from the tech industry’s premier M&A research team.
Tech M&A Monthly: Deal Structures TodayCorum Group
Today’s combination of active public markets, resurgent IPOs and a growing pool of buyers means that deal structures are getting more complex as buyers and sellers get creative in order to get deals done. The September edition of Tech M&A Monthly will examine some of the many ways that structure is more important than price in many cases, following up on last year’s highly-praised webcast on the topic. When is a profit sharing agreement appropriate? What’s the role of consulting agreements? How do cross-border issues complicate matters? September 10, Corum dealmakers will address these questions and more, drawing on the largest body of tech M&A in history. In addition, we’ll examine the key deals, trends and valuations from the past month in the Horizontal, Infrastructure and Consumer technology markets.
Technology companies are uniquely valuable, and much of that value is tied to intellectual property, and the protection afforded by strong patents. But with changing patent law, patent trolls, and some inventors openly giving up their patent rights, what's the best way for your technology company to secure and maximize the value of your intellectual property? With an emphasis on preparing for an M&A event, patent experts from across the industry will discuss the best strategies...
If you have technology without a patent
If you have a patent pending
If you have a patent granted
Plus, a round table discussion on Elon Musk's recent decision to renounce enforcement of thousands of Tesla patents. Good idea? Bad idea? Could Musk be starting a new trend? Join us August 27 for this and more, answering vital questions regarding patents, technology and M&A.
2015 Tech M&A Monthly - M&A Contract OverviewCorum Group
The process of selling a company is a long and complex one, but it all boils down into the final contract between the seller and the buyer. June 11, join Corum dealmakers for a detailed look at what should go into a final M&A contract—and what should stay out of them. They’ll walk through the 10 Critical Terms in Any M&A Contract, plus the Top 6 M&A Contract Mistakes, with stories straight from Corum’s 30 years of selling technology companies. Don’t miss this in-depth look at the most important document of your company’s life – and possibly yours, as well. Plus the Corum Index, and key deals, trends and valuations in the Horizontal, Infrastructure and Consumer tech sectors.
With megadeals for companies like Linkedin, Blue Coat, Demandware and more rocking the tech industry, where does that leave your company? What does the landscape look like for privately held software and related technology companies, and how should owners, investors and executives approach the M&A market in the latter half of 2016? Tune in to the Tech M&A Monthly Mid-Year Update, for a detailed analysis of the key deals, trends and valuation metrics across all six technology sectors and 30 subsectors. Plus, we’ll get an update on the Top 10 Disruptive Technology Trends—how have trends like AI Enablement, Location Intelligence and Connected Health driven deals this year, and what’s next? How do these complex, interrelated trends impact the M&A outlook for your company? Join Corum’s research and deal teams July 14 for the Mid-Year Global Tech M&A Update.
Tech M&A Monthly: Q1 Report 2017 – New Buyers and ValuationsCorum Group
How did the first quarter of 2017 go for Tech M&A? Did the megadeal mayhem of 2016 continue dominating deal flow? Are private equity deals still soaring? With the public markets hitting records, what do current valuation metrics for technology companies look like? Who are the new buyers making waves? Tune in Thursday, April 13 as Corum Group gives the most in-depth look available at Q1 of 2017 for mergers and acquisitions of software and related technology companies. We’ll look at the key deals, trends and valuations for all six technology sectors and 30 subsectors, with a special report on new buyer strategies. All of this comes with a special focus on what it all means for technology executives considering whether this is the right time to take their firms to market.
Tech M&A Monthly: 12 Negotiation Tips from the ProsCorum Group
When it comes to the most important negotiation of your life, will you be prepared? Negotiating the sale of your software company is one of the most difficult tasks you will undertake. Not only will you and the buyer be in complete opposition on every point, from price to structure to risk and more--but you're negotiating with your future boss! 12 August, Corum's senior dealmakers share 12 key negotiation tips drawn from decades of deal experience. Join us to learn how to make use of "straw men," body language, attorneys and more in order to get the optimal outcome for you and your company.
Tech M&A Monthly: Quarterly Report - April 2013Corum Group
The Tech M&A market in the first quarter of 2013 has been hotter than any time since 2000--bolstered by booming public markets, record cash and continuing disruptive technological change. How is your market faring? During this quarterly report, get the details on the key deals, trends and valuations in the Horizontal, Vertical, Consumer, Internet, Infrastructure and IT Services markets--plus reports on all 26 subsectors.
2014 Tech M&A Monthly - Quarterly ReportCorum Group
The third quarter of 2014 has been marked by soaring deal values, a surge of megadeals and the largest IPO in history. What does this mean to your company? Tune in to the Tech M&A Quarterly review webcast, where we look at the key deals, megadeals, valuations and trends impacting the global M&A market for software and related technology companies. We’ll examine:
The hot gaming market, including Twitch, Mojang, Bally and more
More megadeals, including Concur, Cars.com, Trulia and many others
What does Alibaba’s IPO—the largest tech IPO ever—mean to your company?
Deal reports from India to Seattle
Valuation metrics for all six tech markets and 26 subsectors
And much, much more—don’t miss the Tech M&A Monthly Q3 2014 Report.
2015 Tech M&A Monthly - Improve Your Deal by 48%Corum Group
Would you like to improve the value of your company by 48%? Applying a professional, carefully staged process to the sale of a technology company increases the ultimate value of the deal by 48%. On Thursday, May 14, get M&A process lessons from the pros, as Corum dealmakers globally will outline the steps they use to achieve an optimal outcome when selling a software or related technology company.
Digital Disruptors Conference - an investment framework for online stock inve...George Gabriel
We hosted the Digital Disruptors Conference in October 2015. We brought together the entire range of investors - institutional funds, superannuation funds, intermediaries, high net worths and advisers. We introduced a number of online companies to the investor market, and also dived deeper into some well-known names. The companies may change, but the analytical framework remains useful and valid.
Supply Chain Management and Logistics technologies prove to be key weapons in the battle of retailers against Amazon and other e-commerce giants. With tools that facilitate ease of supplier relationships, forecasting, improved business processes and integration, SCM and Logistics software providers deliver value to their customers and are rewarded with growth outpacing the rest of the software sector, with valuations nearly 7x revenue.
Join WFS on October 1 as we examine how these trends impact M&A for SCM and Logistics technology providers. With the top 5 vendors accounting for less than half of the market, will we see a wave of consolidation for the smaller players and point solution providers? This complimentary webcast is for CEOs, investors, private equity firms and acquirers who want to enhance their strategic planning with a better understanding of the SCM and logistics landscape, and the current demand for supply chain and logistics technology in today’s M&A market.
Smart Cities are interconnected, sustainable, low carbon cities striving to be more competitive, livable and attract more investment than traditional counterparts. The vision spans mobility, transport, buildings, infrastructure, energy and water management, security, even healthcare and governance. The market will grow to $1.5 Trillion in 2020.
This integrated technology market is driving extraordinary M&A opportunity, and on May 20, 2014 we sit down with several industry luminaries to discuss growth and exit strategies in this market.
If you are building a company capable of becoming an important thread in the smart city fabric, one that can flourish in the middle ground where sustainability and carbon friendly technologies create better living conditions, competitive and economic advantage, then you won’t want to miss this event.
2014 Tech M&A Monthly - 10 M&A Mistakes You Don't Know You're MakingCorum Group
Decisions you make today will affect the ultimate value of your company. But pitfalls at every stage of the process can hurt your value and affect the ultimate outcome. November 13, join Corum Group’s panel of senior dealmakers for a look at the mistakes you may be making today—in every stage through company formation to preparation to negotiation—that may kill tomorrow’s deal. Plus, reports on global M&A conferences, a healthcare/3D printing deal, and a look at key deals, trends and valuations from the last month.
Corum Group Tech M&A Monthly - April 2018 - Top Acquirer ProfileCorum Group
April's edition of Tech M&A Monthly, featuring an in-depth look at M&A in Q1 2018 and an interview with 2017 Top Acquirer Constellation Software's COO and Volaris CEO, Mark Miller
Is there a buyer for every company? What do you have to do get your company ready for an exit? Should you hire a banker? Sell out soon or go for it all? Find out more by checking out the presentation we delivered at the event Thursday, November 21.
Tech M&A Monthly: 15 Ways to Find BuyersCorum Group
The more qualified buyers you can bring to the table, the better your chances for an optimal sale of your company. But how do you build the ideal buyers list, with the right combination of "A list and B list" buyers? What about Private Equity, non-tech buyers, or international firms? Join the November edition of Tech M&A Monthly for a look at how Corum Group builds buyers lists--our dealmakers will walk through 15 things you need to be able to do in order to identify potential acquirers for your company.
Tech M&A Monthly: China - What's Really Happening?Corum Group
The tumultuous Chinese public markets have been in the news for all the wrong reasons over the last month. But even as the volatility captures the headlines, the increased cash, better access to Western markets and strategic imperatives have not gone away, and deals are still getting done. What's really happening, and what could it mean for your company? We'll turn to Corum's Chinese Advisory Board for their perspectives, and we'll also look at a deal we just closed with a Chinese buyer, selling gaming firm Digital Extremes to China's Leyou Technologies. Join us August 13 for all this, plus a look at the key deals, trends and valuations from the last month.
2014 Tech M&A Monthly - New World of BuyersCorum Group
The world of buyers for technology companies is very different than it was just a few years ago. The rise of Private Equity, a new generation of international buyers, disruptive change creating new tech giants and destabilizing old ones – today, your ultimate buyer may be someone you've never heard of, in a country you've never visited. In the August edition of the Tech M&A Monthly webcast, join Corum Group dealmakers and experts as they examine the new classes of buyers that you need to be aware of as you consider your company’s future. Plus the key deals trends and valuations of the last month, and a special report on M&A in the gaming sector.
Tech M&A Monthly: Forecast 2017 pt. 2 - Private EquityCorum Group
Private Equity has never been more active in tech M&A. The top financial tech acquirers are consistently making double the deals of the top strategics, a new generation of smaller, agile firms are doing deals of all sizes, while traditional, conservative PE firms have finally caught on to technology and are spending billions. And with trillions in funds yet to be spent, they're outbidding strategic buyers, driving up valuations and changing the competitive landscape. Is your market on their radar? How can you get direct interest from Private Equity? What do you do when you’ve got it? What about from a portfolio company? Find out from our panel of leading global Private Equity firms.
Tech M&A Monthly: When You are ApproachedCorum Group
In today’s competitive Tech M&A environment, more and more firms were being approached by potential acquirers. Here at Corum, we are seeing more and more companies coming to us after they have been approached, but only those who manage discussions properly will get a deal done. In this webinar, Corum’s global team of senior dealmakers will address the question, “What do I do when I've been approached?”, sharing 13 tips to turn that approach into an optimal outcome—and avoid the mistakes that can turn an approach into a disaster for your company.
Getting approached is a double edged sword - it means a buyer is interested, but it means they may also be interested in your competitors. We looked at the missteps sellers often make when they're first approached, best practices for dealing with that first inquiry, and the methods for leveraging a single buyer’s approach into an auction environment that will ultimately give you the maximum value and best structure.
Tech M&A Monthly: Definitive AgreementsCorum Group
Selling a technology company is a complex process, but it all boils down into the final contract between the seller and the buyer. How do you ensure that the definitive agreement reflects your best interests and the value you have built in your company? On Thursday, August 9, Corum dealmakers will take a detailed look at the process that leads up to the final M&A contract, highlighting the key moments and the most dangerous pitfalls as the agreement comes together, with stories straight from Corum’s 30+ years of selling technology companies. This is the most important document of your company’s life – and possibly yours, as well – so take 30 minutes to understand how to do it right.
What does today’s combination of high valuations, turbulent public markets, disciplined buyers, disruptive technology and record megadeals mean for the value of your software company? What does the Tech M&A landscape look like as we head into the second half of 2018? How should technology company owners, investors and executives be thinking about M&A?
Join us July 12 for the Tech M&A Monthly Midyear Update, a detailed analysis of the key deals, trends and valuation metrics across all six technology sectors and 30 subsectors. Plus, an update on this year's Top 10 Disruptive Technology Trends—how have trends like AI Enablement, Smart Logistics and Connected Health driven deals this year? What’s next? What do these complex, interrelated trends mean for your company's future?
Tech M&A Monthly: What Happens If You Don’t Sell?Corum Group
Not every company sells right away—deals fall apart, valuations don’t meet expectations, or the market just isn’t ready. What do you do now?
80% of self-managed M&A efforts initially end in failure. However, if you’ve run the process right, this may be a golden opportunity to actually increase the value you finally get for your company.
#CorumReport, May 2018: M&A Launch - 10 Tips to Ensure SuccessCorum Group
Selling a technology company is a complex process. Where do you begin? The best place to start is with an intensive “launch meeting” with key stakeholders and the deal team from your advisor. During the May edition of Tech M&A Monthly, Corum Group draws back the curtain on their launch meeting process, built from the largest body of tech M&A in history. Who should be in the room? What needs to be covered? What should you leave out? How do you make sure to get the most value from this unique opportunity? Tune in Thursday, May 17, as Corum’s global team of senior dealmakers outlines the best way to kick off the most important transaction of your life.
Whether just considering the M&A process or actively preparing your company for sale, you want to understand the process from the perspective of those who have been there before. In Part 3 of Corum’s Annual Tech M&A Report, hear from an international panel of founders, CEOs and owners who recently sold their tech firms. What surprised them? What did they learn? What would they do differently? How did they ensure that they achieved an optimal outcome through the process?
Tech M&A Monthly: Forecast 2018 Global Tech M&A Report - Part 1Corum Group
Innovation is accelerating as we begin 2018. Companies across sectors are making acquisitions to keep up with the technological disruption rippling across all industries, driving high valuations and strong buyer demand. As you build out your strategic plans for the New Year, join the largest tech M&A event of the year, as Corum Group looks back at last year, and ahead to the year to come.
Join us for predictions about the M&A market for 2018, plus a scorecard from 2017; the new Top 10 Disruptive Technology Trends driving deals in 2018; deals, trends and valuations across all six technology sectors and 30 subsectors; and our annual Luminary panel featuring IBM, Salesforce and more. Don’t miss the premier event each year for software company owners and CEOs.
Tech M&A Monthly: Forecast 2018 Pt. II - Private Equity RoundtableCorum Group
Private Equity is increasingly coming to dominate tech M&A dealflow. Is your company on their radar? Join Part 2 of Corum’s Annual Tech M&A Report, as we examine the rise of Private Equity from a subset of value buyers to the dominant paradigm in the market today, and are joined by a panel of the world’s leading Private Equity firms. With mountains of cash to spend, aggressive deal teams and actively acquisitive portfolio companies, all technology company owners and executives should understand the role of Private Equity in today’s M&A landscape.
Tech M&A Monthly: 10 Keys to a Valuable ValuationCorum Group
What is your company worth? When selling a software or related technology company, valuation is obviously a vital question. But how do you take all the effort, ingenuity and investment poured into your company, and come up with a dollar value? How do you even start?
Corum Group is the world's leading expert on tech company valuations, with over three decades of experience. Benefit from that experience by tuning in to the December edition of Tech M&A Monthly as Corum's research and client services teams will walk you through - "10 Keys to a Valuable Valuation." We'll examine the valuation processes, methods, goals and strategies to help your company achieve an optimal outcome when the time comes for M&A.
Strong public markets and high demand for disruptive tech are continuing to drive high valuations for technology companies. Join Corum Group’s research team for a look at the key deals, trends and valuations across all six tech sectors and 30 subsectors. What sectors are getting the highest valuations? What are acquirers after? How long will these good times continue? We’ll address all these questions and more—plus, a look at key questions of succession planning. What should you be doing before, during and after a tech M&A transaction to ensure that the value you have created goes where it is supposed to?
Tech M&A Monthly: 10 Rules for Writing an Executive Summary That SellsCorum Group
You've built a uniquely valuable asset in your software company, but how do you convey that unique value to a buyer? How do you get a buyer to seriously consider acquiring your company? In today's fast-paced world of tech M&A, buyers don't have time for drawn out "books" of information. The best tool for reaching them is a clear, succinct Executive Summary document that clearly outlines the opportunity created by acquiring your company.
But how do you write such a document? What are the pitfalls to avoid? How do you balance a need for brevity with a description of your complex technology and company? Join Corum dealmakers on September 14 to learn the 10 Rules for Writing an Executive Summary That Sells.
As the strongest market ever for sellers of technology companies continues, if you’re at all considering the sale of your technology company, don’t miss a unique opportunity to hear from fellow founders, owners and CEOs who recently sold. During our annual Seller’s Panel, hear from international software executives and owners like you, who successfully navigated the M&A process and sold their companies to a global array of buyers. Learn how they did it, what they learned, what surprised them—and what you can do to increase your value in today’s market.
Panelists include:
· Dennis Gurock, co-founder of Gurock Software, acquired by Idera
· Luc Pettet, Founder & CEO of Punters.com.au, acquired by News Corp
The pace of technological innovation has never been faster, and it’s forcing tech and non-tech companies of all sizes to make acquisitions to keep up. Add to that the record levels of buyer cash, strong public markets and increasingly active and strategic Private Equity firms, and you have the recipe for a remarkable 2017.
To get all the tech M&A details for the year ahead and the year just past, join Corum Group and hundreds of technology CEOs globally for the largest tech M&A event of the year – Forecast 2017, the Global Tech M&A Report. We’ll look at the Top 10 Disruptive Technology trends that will drive deals in 2017, give 2017 predictions, survey how our 2016 predictions turned out, unveil the annual Corum Index of Tech M&A, and take a look at valuation metrics across the six technology sectors and 30 subsectors. Finally, the highlight of the event is our annual Luminary panel featuring SAP, Salesforce and more. You don’t want to miss the premier event each year for software company owners and CEOs.
Tech M&A Monthly: When You Are Approached - 12 Tips to Ensure Deal SuccessCorum Group
In today's fast-paced tech M&A environment, more and more firms are being approached about the possibility of a sale. Here at Corum, we're seeing a surge companies coming to us after they have been approached, but only those who manage discussions properly will get a deal done. In this webinar, we'll help answer the question "What do I do when I've been approached?" as Corum’s global team of senior dealmakers share 12 tips to get you an optimal outcome and avoid the mistakes that can turn an approach into a disaster for your company.
Getting approached is a double edged sword - it means a buyer is interested, but it means they are probably also interested in your competitors. We'll look at the missteps sellers often make when they're first approached, the best strategies for dealing with that first inquiry, and the best methods for turning a single buyer's approach into an auction that will ultimately give you the maximum value and best structure.
Tech M&A Monthly: 12 Deal Structure Tips to Maximize Value + Trump and Tech M&ACorum Group
The booming public markets, rising valuations and increasingly active Private Equity firms are helping drive an increase in more complex tech M&A deals--stock, earnouts, debt and other structural methods are being used to bridge gaps and get deals done. But more complexity can mean more risk if you aren't properly prepared. November 10, Corum's global team of senior dealmakers will share 12 deal structure tips to help you achieve an optimal outcome when you sell your technology company. Plus a special report - Drumpf and M&A: What does this mean for you?
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2. 2
A leader in the software industry, Bruce has founded or owned four software companies, including the largest
vertical market software company, AMI, an Inc. 500 firm rated by IDC as the fastest growing computer-related
company in the world.
He has served on advisory boards for Microsoft, IBM, DEC, Comdex and Apple, and as board member/founding
investor in some of the most innovative firms in their field, including Blue Coat, Bright Star and Sabaki. Past
advisor to two governors and a senator, a board member of the Washington Technology Center, and founder of
the WTIA, the nation’s most active regional technology trade association.
He worked with the Canadian government to found SoftWorld, and he was recently chosen as one of the 200
most influential individuals in the IT community in Europe. He was also the only American juror for the recent
Tornado 100 Awards given to Europe’s top technology firms
A graduate with Distinction from Harvard Business School, Bruce has written three books on business models for
success, including Power Planning. He is a frequent lecturer and author.
Moderator
Bruce Milne
CEO
Corum Group Ltd.
3. 3
Agenda
Welcome
Field Report – e-MDs
Acquired by MDeverywhere/Marlin Equity Partners
Event Spotlights
Q1 2015 Research Report
Seller Conversation: Joe Sanda, Founder, Astute Solutions
Q&A
4. 4
Field Report – e-MDs
Nat Burgess
President
Corum Group Ltd.
Dr. David Winn
Founder, e-MDs
6. 6
Upcoming Conference Schedule
Selling Up Selling Out (SUSO) - Ready to go to market? During this half-day workshop, learn to prepare, position,
research, value, negotiate, and execute due diligence for maximum price and structure. This is the most attended Tech M&A
event ever – participants have done over $1 trillion in transaction value.
Merge Briefing (MB) - The Merge Briefing is a 90-minute executive briefing providing a current M&A market update (trends,
valuations, etc.), as well as a brief overview of the Tech M&A process: “8 Steps To An Optimal Outcome.”
www.CorumGroup.com/Events
Apr. 14: Atlanta – SUSO
Apr. 15: Paris – MB
Apr. 21: Barcelona – MB
Apr. 22: Munich – MB
Apr. 28: Kansas City – MB
Apr. 29: St. Louis – MB
Apr. 30: Manchester – MB
May 19: Reston – MB
May 20: Amsterdam – MB
May 21: Cologne – MB
May 22: Singapore – SUSO
May 25: Melbourne – MB
May 27: Sydney – MB
May 28: Riga – MB
Jun. 4: Denver – MB
Jun. 4: Berlin – MB
7. 7
Corum Research Report
Elon Gasper
Vice President,
Director of Research
Alina Soltys
Associate
Amber Stoner
Senior Analyst
Ivan Snook
Analyst
Yasmin Khodamoradi
Analyst
9. 9
Start End Years
Dotcom Bubble Oct. 11, 1990 Mar. 24, 2000 9.5
Postwar Boom Jun. 13, 1949 Aug. 2, 1956 7.1
That 70s Inflation Oct. 3, 1974 Nov. 28, 1980 6.2
Current Mar. 9, 2009 ? 6.1+
*Since the Great Depression. Source: S&P Capital IQ, The Associated Press
Macro view: 4 Longest* Bull Market Runs
10. 10
Quarterly Tech Sector Valuations
0.50 x
1.00 x
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
5.00 x
Q4:12 Q1:13 Q2:13 Q3:13 Q4:13 Q1:14 Q2:14 Q3:14 Q4:14 Q1:15
EV/Sales
5.00 x
7.00 x
9.00 x
11.00 x
13.00 x
15.00 x
17.00 x
19.00 x
21.00 x
Q4:12 Q1:13 Q2:13 Q3:13 Q4:13 Q1:14 Q2:14 Q3:14 Q4:14 Q1:15
EV/EBITDA
11. 11
Q1:2014 Q1: 2015
# of Transactions 819 1012
# of Mega Deals 19 11
Largest Deal $22B $4.8B
Private Equity Deals 49 42
# VC backed Exits 158 159
% Cross Border Transactions 31% 34%
% of Startup Acquisitions 12% 11%
Average Life of Target 14 14
Corum Index
12. 12
Mega Deals – Q1:2015
$1.0B
$1.0B
HORIZONTAL
$1.4B
$1.4B
INTERNET
$16B
INFRASTRUCTURE
$2.4B
$3.0B
$3.0B
$4.8B
$2.8B
$6.6B
VERTICAL
$2.8B
$1.3B
$2.5B
$2.2B
$2.2B
IT SERVICES
13. 13
Mega Deals – Q1:2015
Sold to
Target: Wood Mackenzie [UK]
Acquirer: Verisk Analytics
Value: $2.8B
- Energy market intelligence website and related consulting
services provider
$1.0B
$1.0B
HORIZONTAL
$1.4B
$1.4B
INTERNET
$16B
INFRASTRUCTURE
$2.4B
$3.0B
$3.0B
$4.8B
$2.8B
$6.6B
VERTICAL
$2.8B
$1.3B
$2.5B
$2.2B
$2.2B
IT SERVICES
14. 14
Mega Deals – Q1:2015
Sold to
Target: Fundtech
Acquirer: Davis + Henderson Corporation [Canada]
Value: $1.25B
- Develops transaction processing software and related
electronic payment services for the financial services industry
$1.0B
$1.0B
HORIZONTAL
$1.4B
$1.4B
INTERNET
$16B
INFRASTRUCTURE
$2.4B
$3.0B
$3.0B
$4.8B
$2.8B
$6.6B
VERTICAL
$2.8B
$1.3B
$2.5B
$2.2B
$2.2B
IT SERVICES
15. 15
Infrastructure Software Market
Public Valuation Multiples
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
5.00 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 15.02 x 14.90 x 14.20 x 14.61 x 15.50 x 16.48 x 16.10 x 16.22 x 16.96 x 17.03 x 15.71 x 15.84 x 16.08 x
EV/S 3.60 x 3.57 x 3.41 x 3.89 x 4.07 x 4.27 x 4.37 x 4.73 x 4.34 x 4.16 x 4.12 x 4.03 x 4.23 x
17. 17
Sold to
Target: Aruba Networks
Acquirer: HP
Value: $3B
- Wireless mobility solutions
Infrastructure Software Market:
Mega Deals
$1.0B
$1.0B
HORIZONTAL
$1.4B
$1.4B
INTERNET
$16B
INFRASTRUCTURE
$2.4B
$3.0B
$3.0B
$4.8B
$2.8B
$6.6B
VERTICAL
$2.8B
$1.3B
$2.5B
$2.2B
$2.2B
IT SERVICES
18. 18
Sold to
Target: Blue Coat Systems
Acquirer: Bain Capital
Transaction Value: $2.4B
- Enterprise cybersecurity, Web traffic management and mobile device security systems and
SaaS
- Previously acquired by Thoma Bravo in December 2011 for $1.3B, 2.2x sales multiple
Infrastructure Software Market:
Mega Deals
$1.0B
$1.0B
HORIZONTAL
$1.4B
$1.4B
INTERNET
$16B
INFRASTRUCTURE
$2.4B
$3.0B
$3.0B
$4.8B
$2.8B
$6.6B
VERTICAL
$2.8B
$1.3B
$2.5B
$2.2B
$2.2B
IT SERVICES
19. 19
Infrastructure Software Market
Deal Spotlight
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
5.00 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 15.02 x 14.90 x 14.20 x 14.61 x 15.50 x 16.48 x 16.10 x 16.22 x 16.96 x 17.03 x 15.71 x 15.84 x 16.08 x
EV/S 3.60 x 3.57 x 3.41 x 3.89 x 4.07 x 4.27 x 4.37 x 4.73 x 4.34 x 4.16 x 4.12 x 4.03 x 4.23 x
Sold to
Target: Emerging Threats
Acquirer: Proofpoint
Transaction Value: $40M
- Network anti-malware and threat detection SaaS and a downloadable open
source actionable threats IDS/IPS and ETOpen ruleset
- Adds research and intelligence capabilities to product portfolio
20. 20
Infrastructure Software Market
Deal Spotlight
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
5.00 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 15.02 x 14.90 x 14.20 x 14.61 x 15.50 x 16.48 x 16.10 x 16.22 x 16.96 x 17.03 x 15.71 x 15.84 x 16.08 x
EV/S 3.60 x 3.57 x 3.41 x 3.89 x 4.07 x 4.27 x 4.37 x 4.73 x 4.34 x 4.16 x 4.12 x 4.03 x 4.23 x
Sold to
Target: Optenet S.A. [Spain]
Acquirer: Allot Communications [Israel]
Transaction Value: $12M
- Web and email security, malware, firewall, endpoint integrity assurance and
premises network security SaaS and services
- Broadens security solutions portfolio
21. 21
Infrastructure Software Market
Deal Spotlight
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
5.00 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 15.02 x 14.90 x 14.20 x 14.61 x 15.50 x 16.48 x 16.10 x 16.22 x 16.96 x 17.03 x 15.71 x 15.84 x 16.08 x
EV/S 3.60 x 3.57 x 3.41 x 3.89 x 4.07 x 4.27 x 4.37 x 4.73 x 4.34 x 4.16 x 4.12 x 4.03 x 4.23 x
Sold to
Target: Intellinx [Israel]
Acquirer: Bottomline Technologies
Transaction Value: $85M
- Behavior tracking and keystroke analysis software and integration services
- Adds comprehensive cyber fraud and risk management solutions
22. 22
Infrastructure Software Market
Deal Spotlight
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
5.00 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 15.02 x 14.90 x 14.20 x 14.61 x 15.50 x 16.48 x 16.10 x 16.22 x 16.96 x 17.03 x 15.71 x 15.84 x 16.08 x
EV/S 3.60 x 3.57 x 3.41 x 3.89 x 4.07 x 4.27 x 4.37 x 4.73 x 4.34 x 4.16 x 4.12 x 4.03 x 4.23 x
Sold to
Target: Offspark [Holland]
Acquirer: ARM [UK]
Transaction Value: $1.9M
- Makers of PolarSSL, enmeshed systems Transport Layer Security (TLS)
solution for IoT
- Marks the fifth IoT security transaction since the start of last year
23. 23
Vertical Application Software Market
Public Valuation Multiples
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 14.92 x 14.86 x 15.39 x 15.64 x 15.35 x 15.53 x 14.60 x 14.96 x 15.43 x 15.37 x 14.77 x 15.28 x 15.99 x
EV/S 3.86 x 3.82 x 4.00 x 4.02 x 3.94 x 3.89 x 3.67 x 3.97 x 4.01 x 3.92 x 3.61 x 4.01 x 3.97 x
24. 24
Subsector Sales EBITDA Examples
A/E/C 4.49x 16.42x
Government 1.51x 10.44x
Healthcare 3.81x 22.78x
Financial Services 4.29x 15.36x
Energy &
Environment
3.03x 11.36x
Real Estate 8.15x 30.20x
Automotive 5.12x 25.04x
Vertical Other 4.50x 15.04x
Vertical Application Software Valuations
25. 25
Vertical Application Software Market
Deal Spotlights: Real Estate SaaS
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 14.92 x 14.86 x 15.39 x 15.64 x 15.35 x 15.53 x 14.60 x 14.96 x 15.43 x 15.37 x 14.77 x 15.28 x 15.99 x
EV/S 3.86 x 3.82 x 4.00 x 4.02 x 3.94 x 3.89 x 3.67 x 3.97 x 4.01 x 3.92 x 3.61 x 4.01 x 3.97 x
Sold to
Target: Channel
Acquirer: Auction.com
- Real estate liquidation, asset & workflow management SaaS
Sold to
Target: Rodacom [France]
Acquirer: Concept Multimedia [France]
- Real estate management software
26. 26
Vertical Application Software Market
Deal Spotlights
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 14.92 x 14.86 x 15.39 x 15.64 x 15.35 x 15.53 x 14.60 x 14.96 x 15.43 x 15.37 x 14.77 x 15.28 x 15.99 x
EV/S 3.86 x 3.82 x 4.00 x 4.02 x 3.94 x 3.89 x 3.67 x 3.97 x 4.01 x 3.92 x 3.61 x 4.01 x 3.97 x
Sold to
Target: AlertMe [UK]
Acquirer: British Gas [UK]
Transaction Value: $100M
- Sensor-based wireless home energy monitoring software and real-time online reporting SaaS
- Britsh Gas is an operating subsidiary of Centrica plc
Sold to
Target: Distech Controls [Canada]
Acquirer: Acuity Brands
Transaction Value: $252M
- Building energy management systems, software and mobile applications
- Complements strategy to offer true end-to-end optimization of all aspects of the building
27. 27
Vertical Application Software Market
Deal Spotlight
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 14.92 x 14.86 x 15.39 x 15.64 x 15.35 x 15.53 x 14.60 x 14.96 x 15.43 x 15.37 x 14.77 x 15.28 x 15.99 x
EV/S 3.86 x 3.82 x 4.00 x 4.02 x 3.94 x 3.89 x 3.67 x 3.97 x 4.01 x 3.92 x 3.61 x 4.01 x 3.97 x
Sold to
Target: Skrill Holdings [UK]
Acquirer: Optimal Payments [Isle of Man]
Transaction Value: $927M
- Online payments service, digital wallet intermediary within the online Forex
brokerage community and across Europe
- Adds significant international scale
28. 28
Vertical Application Software Market
Deal Spotlights
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 14.92 x 14.86 x 15.39 x 15.64 x 15.35 x 15.53 x 14.60 x 14.96 x 15.43 x 15.37 x 14.77 x 15.28 x 15.99 x
EV/S 3.86 x 3.82 x 4.00 x 4.02 x 3.94 x 3.89 x 3.67 x 3.97 x 4.01 x 3.92 x 3.61 x 4.01 x 3.97 x
Sold to
Target: Paydiant
Acquirer: PayPal
- Reported at $280 million
- Cloud-based white label mobile wallet & payments solution
.
Sold to
Target: WebPay Holdings [Japan]
Acquirer: LINE Corp. [Japan]
- Mobile and Web payments processing API
29. 29
Vertical Application Software Market
Deal Spotlights
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 14.92 x 14.86 x 15.39 x 15.64 x 15.35 x 15.53 x 14.60 x 14.96 x 15.43 x 15.37 x 14.77 x 15.28 x 15.99 x
EV/S 3.86 x 3.82 x 4.00 x 4.02 x 3.94 x 3.89 x 3.67 x 3.97 x 4.01 x 3.92 x 3.61 x 4.01 x 3.97 x
Sold to
Sold to
Target: Akcelerant
Acquirer: Temenos [Switzerland]
Transaction Value: $50M
- Software and services provider for the financial industry
Target: TwoFour Systems
Acquirer: Broadridge Financial
Transaction Value: $32M
- Transaction processing software
Sold to
Target: IGEFI (dba Multifonds) [Luxembourg]
Acquirer: Temenos [Switzerland]
Transaction Value: $263M
- Provider of fund and portfolio accounting, and investor servicing software
30. 30
Vertical Application Software Market
Deal Spotlight
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 14.92 x 14.86 x 15.39 x 15.64 x 15.35 x 15.53 x 14.60 x 14.96 x 15.43 x 15.37 x 14.77 x 15.28 x 15.99 x
EV/S 3.86 x 3.82 x 4.00 x 4.02 x 3.94 x 3.89 x 3.67 x 3.97 x 4.01 x 3.92 x 3.61 x 4.01 x 3.97 x
Sold to
Target: Drew Technologies
Acquirer: Opus Inspection
Transaction Value: $30M
- Vehicle development, engineering, testing and diagnostic software
- Now operates as a stand alone subsidiary of Opus inspection
31. 31
Consumer Application Software Market
Public Valuation Multiples
1.00 x
1.20 x
1.40 x
1.60 x
1.80 x
2.00 x
2.20 x
2.40 x
2.60 x
2.80 x
5.00 x
6.00 x
7.00 x
8.00 x
9.00 x
10.00 x
11.00 x
12.00 x
13.00 x
14.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 10.82 x 7.99 x 7.42 x 9.70 x 9.44 x 10.37 x 11.60 x 12.33 x 11.64 x 12.26 x 12.19 x 12.47 x 12.76 x
EV/S 2.47 x 2.23 x 2.24 x 2.62 x 2.57 x 2.65 x 2.41 x 2.31 x 2.32 x 2.31 x 2.21 x 2.18 x 2.16 x
33. 33
Consumer Application Software Market
Deal Spotlights
1.00 x
1.20 x
1.40 x
1.60 x
1.80 x
2.00 x
2.20 x
2.40 x
2.60 x
2.80 x
5.00 x
6.00 x
7.00 x
8.00 x
9.00 x
10.00 x
11.00 x
12.00 x
13.00 x
14.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 10.82 x 7.99 x 7.42 x 9.70 x 9.44 x 10.37 x 11.60 x 12.33 x 11.64 x 12.26 x 12.19 x 12.47 x 12.76 x
EV/S 2.47 x 2.23 x 2.24 x 2.62 x 2.57 x 2.65 x 2.41 x 2.31 x 2.32 x 2.31 x 2.21 x 2.18 x 2.16 x
Sold to
Sold to
Target: Endomondo [Denmark]
Acquirer: Under Armour
Transaction Value: $85M
- Exercise tracking application & website
Target: MyFitnessPal
Acquirer: Under Armour
Transaction Value: $475M
- Exercise tracking application & website
Sold to
Target: FitStar
Acquirer: FitBit
- Exercise tracking wearable tech & application
34. 34
Consumer Application Software Market
Deal Spotlight
1.00 x
1.20 x
1.40 x
1.60 x
1.80 x
2.00 x
2.20 x
2.40 x
2.60 x
2.80 x
5.00 x
6.00 x
7.00 x
8.00 x
9.00 x
10.00 x
11.00 x
12.00 x
13.00 x
14.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 10.82 x 7.99 x 7.42 x 9.70 x 9.44 x 10.37 x 11.60 x 12.33 x 11.64 x 12.26 x 12.19 x 12.47 x 12.76 x
EV/S 2.47 x 2.23 x 2.24 x 2.62 x 2.57 x 2.65 x 2.41 x 2.31 x 2.32 x 2.31 x 2.21 x 2.18 x 2.16 x
Sold to
Target: Sunrise Atelier
Acquirer: Microsoft
Transaction Value: $100M
- Mobile/Web calendar app
- Complements last year’s acquisition of Accompli email app
35. 35
Subsector Sales EBITDA Examples
Developed 0.83x 9.16x
Emerging 3.06x 15.08x
IT Services Valuations
36. 36
Public Valuation Multiples
IT Services – Emerging Markets
0.40 x
0.90 x
1.40 x
1.90 x
2.40 x
2.90 x
3.40 x
5.00 x
7.00 x
9.00 x
11.00 x
13.00 x
15.00 x
17.00 x
19.00 x
EV/S
EV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 11.71 x 12.16 x 11.79 x 12.15 x 12.81 x 13.44 x 13.82 x 15.07 x 17.15 x 17.84 x 13.37 x 15.09 x 15.08 x
EV/S 2.32 x 2.17 x 2.76 x 2.77 x 2.26 x 2.15 x 2.44 x 2.43 x 2.72 x 2.76 x 2.40 x 2.81 x 3.06 x
37. 37
IT Services – Developed Markets
Public Valuation Multiples
0.40 x
0.50 x
0.60 x
0.70 x
0.80 x
0.90 x
1.00 x
5.00 x
6.00 x
7.00 x
8.00 x
9.00 x
10.00 x
11.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 8.56 x 8.64 x 8.77 x 8.40 x 8.54 x 8.41 x 8.42 x 8.34 x 8.64 x 8.75 x 9.45 x 9.81 x 9.16 x
EV/S 0.82 x 0.78 x 0.80 x 0.77 x 0.81 x 0.79 x 0.81 x 0.77 x 0.82 x 0.80 x 0.80 x 0.89 x 0.83 x
38. 38
Sold to
Target: Interxion [Denmark]
Acquirer: TelecityGroup [UK]
Value: $2.2B
- Provides colocation & hosted services, managed IaaS in Europe
- Additional geographic scope and financial scale for TelecityGroup
IT Services – Mega Deals
$1.0B
$1.0B
HORIZONTAL
$1.4B
$1.4B
INTERNET
$16B
INFRASTRUCTURE
$2.4B
$3.0B
$3.0B
$4.8B
$2.8B
$6.6B
VERTICAL
$2.8B
$1.3B
$2.5B
$2.2B
$2.2B
IT SERVICES
39. 39Source: Capital IQ & Corum Group
924
736
930
968
950 931
1037
1076
0
200
400
600
800
1000
1200
$0
$5
$10
$15
$20
$25
$30
$35
$40
2008 2009 2010 2011 2012 2013 2014 2015 (proj)
Total Disclosed Deal Value ($bb) Total Number of Transactions
IT Services – Annual M&A Activity
See more info at www.wfs.com
40. 40
IT Services – MS Dynamics Deals
Public Valuation Multiples
Target Acquirer Deal Value
Target
Country
Acquirer
Country
Description
$28M UK Netherlands
Dynamics AX, NAV, CRM, GP, RMS
and eCommerce solutions
$12M USA Denmark
Dynamics ERP, AX, SL, NAV, CRM,
RMS and SharePoint solutions
$5M USA USA Dynamics CRM solutions
AX
Excellence
Undisclosed Singapore
New
Zealand
Dynamics AX ERP integration and
consulting services in Asia Pacific
Undisclosed USA USA
Dynamics CRM, Salesforce and
HubSpot solutions
Undisclosed Pakistan Pakistan
Dynamics AX and RMS systems
integration in Pakistan
41. 41
IT Services – Developed Markets
Public Valuation Multiples
Sold to
Target: Solstice Mobile
Acquirer: St Ives Group
Transaction Value: $36.5M
- AppLauncher platform for mobile continuous delivery
- Joins portfolio of 14 St Ives Group digital and marketing services companies
42. 42
IT Services – Recent Deals
Deal Spotlight
Sold to
Target: Scitor Corporation
Acquirer: SAIC
Transaction Value: $790M
- IT Services primarily for federal, state and local government agencies
- Will expand classified contracts within the intelligence sector
- 1.3x Sales multiple & 10.6x EBITDA multiple
43. 43
Public Valuation Multiples
Internet Market
0.00 x
2.00 x
4.00 x
6.00 x
8.00 x
10.00 x
0.00 x
5.00 x
10.00 x
15.00 x
20.00 x
25.00 x
30.00 x
35.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 22.30 x 21.94 x 24.25 x 24.35 x 29.28 x 26.89 x 23.85 x 29.77 x 26.94 x 23.29 x 22.57 x 24.41 x 25.33 x
EV/S 7.51 x 6.96 x 7.32 x 7.40 x 7.15 x 6.71 x 6.80 x 6.84 x 6.17 x 5.09 x 4.61 x 5.27 x 5.09 x
44. 44
Subsector Sales EBITDA Examples
Diversified
Internet
5.34x 14.92x
eCommerce 2.30x 28.47x
Social Network 9.65x 25.11x
Travel & Leisure 7.74x 30.34x
Internet Valuations
45. 45
1.00 x
1.20 x
1.40 x
1.60 x
1.80 x
2.00 x
2.20 x
2.40 x
2.60 x
2.80 x
5.00 x
6.00 x
7.00 x
8.00 x
9.00 x
10.00 x
11.00 x
12.00 x
13.00 x
14.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 10.82 x 7.99 x 7.42 x 9.70 x 9.44 x 10.37 x 11.60 x 12.33 x 11.64 x 12.26 x 12.19 x 12.47 x 12.76 x
EV/S 2.47 x 2.23 x 2.24 x 2.62 x 2.57 x 2.65 x 2.41 x 2.31 x 2.32 x 2.31 x 2.21 x 2.18 x 2.16 x
Target: Bounty Labs
Acquirer: Twitter
Transaction Value: “Sizeable amount” rumored at $50-100M
- Live streaming video mobile application for consumers
Deal Spotlight
Internet Market
Sold to
Target: Niche
Acquirer: Twitter
Transaction Value: Estimated $30-60M (Re/code)
- Social media talent agency
Sold to
46. 46
Deal Spotlight
Internet Market
0.00 x
2.00 x
4.00 x
6.00 x
8.00 x
10.00 x
0.00 x
5.00 x
10.00 x
15.00 x
20.00 x
25.00 x
30.00 x
35.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 22.30 x 21.94 x 24.25 x 24.35 x 29.28 x 26.89 x 23.85 x 29.77 x 26.94 x 23.29 x 22.57 x 24.41 x 25.33 x
EV/S 7.51 x 6.96 x 7.32 x 7.40 x 7.15 x 6.71 x 6.80 x 6.84 x 6.17 x 5.09 x 4.61 x 5.27 x 5.09 x
Sold to
Target: Careerify [Canada]
Acquirer: LinkedIn
- Employee recruiting and retention SaaS
Sold to
Target: Intelligence Competence Center [Germany]
Acquirer: XING [Germany]
Transaction Value: $7.3M
- Job search engine
47. 47
Deal Spotlight
Internet Market
0.00 x
2.00 x
4.00 x
6.00 x
8.00 x
10.00 x
0.00 x
5.00 x
10.00 x
15.00 x
20.00 x
25.00 x
30.00 x
35.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 22.30 x 21.94 x 24.25 x 24.35 x 29.28 x 26.89 x 23.85 x 29.77 x 26.94 x 23.29 x 22.57 x 24.41 x 25.33 x
EV/S 7.51 x 6.96 x 7.32 x 7.40 x 7.15 x 6.71 x 6.80 x 6.84 x 6.17 x 5.09 x 4.61 x 5.27 x 5.09 x
Sold to
Target: Hunza [Japan]
Acquirer: Mixi [Japan]
Transaction Value: $95M
- P2P ticket marketplace
Sold to
Target: MUSE & Co. [Japan]
Acquirer: Mixi [Japan]
Transaction Value: $15M
- Fashion eCommerce
48. 48
Horizontal Application Software Market
Public Valuation Multiples
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
20.00 x
22.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 18.35 x 17.93 x 18.49 x 18.38 x 17.32 x 17.52 x 17.21 x 19.04 x 18.44 x 18.78 x 17.51 x 17.58 x 19.79 x
EV/S 3.71 x 3.57 x 3.57 x 3.96 x 3.57 x 3.66 x 3.33 x 3.33 x 3.31 x 3.43 x 3.57 x 3.57 x 3.67 x
49. 49
Subsector Sales EBITDA Examples
Business
Intelligence
3.80x 23.56x
Human Resources 6.48x 40.23x
SCM 7.38x 20.61x
Marketing & Ad
Tech
2.21x 21.74x
ERP 2.87x 14.74x
CRM 2.48x 39.01
Horizontal Other 3.27x 33.34x
Horizontal Application Software Valuations
50. 50
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
20.00 x
22.00 x
EV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 18.35 x 17.93 x 18.49 x 18.38 x 17.32 x 17.52 x 17.21 x 19.04 x 18.44 x 18.78 x 17.51 x 17.58 x 19.79 x
EV/S 3.71 x 3.57 x 3.57 x 3.96 x 3.57 x 3.66 x 3.33 x 3.33 x 3.31 x 3.43 x 3.57 x 3.57 x 3.67 x
Horizontal Application Software Market
Deal Spotlights
Sold to
Target: Aia Holding BV [Netherlands]
Acquirer: Kofax
Transaction Value: $19.5M
- Customer communications management software
51. 51
Horizontal Application Software Market
Mega Deal
Sold to
Target: Kofax
Acquirer: Lexmark International
Transaction Value: $1B
- Content and transaction management PaaS
$1.0B
$1.0B
HORIZONTAL
$1.4B
$1.4B
INTERNET
$16B
INFRASTRUCTURE
$2.4B
$3.0B
$3.0B
$4.8B
$2.8B
$6.6B
VERTICAL
$2.8B
$1.3B
$2.5B
$2.2B
$2.2B
IT SERVICES
52. 52
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
20.00 x
22.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 18.35 x 17.93 x 18.49 x 18.38 x 17.32 x 17.52 x 17.21 x 19.04 x 18.44 x 18.78 x 17.51 x 17.58 x 19.79 x
EV/S 3.71 x 3.57 x 3.57 x 3.96 x 3.57 x 3.66 x 3.33 x 3.33 x 3.31 x 3.43 x 3.57 x 3.57 x 3.67 x
Horizontal Application Software Market
Deal Spotlights
Sold to
Target: Playbook HR
Acquirer: Intuit
- Contractor workforce management SaaS for enterprises
- Will help Intuit deliver a robust application, onboarding and compliance solution for on-demand
marketplaces
Sold to
Target: HRsmart [Thoma Bravo]
Acquirer: Deltek
- Recruitment & workforce management SaaS
53. 53
Horizontal Application Software Market
Deal Spotlights
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
20.00 x
22.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 18.35 x 17.93 x 18.49 x 18.38 x 17.32 x 17.52 x 17.21 x 19.04 x 18.44 x 18.78 x 17.51 x 17.58 x 19.79 x
EV/S 3.71 x 3.57 x 3.57 x 3.96 x 3.57 x 3.66 x 3.33 x 3.33 x 3.31 x 3.43 x 3.57 x 3.57 x 3.67 x
Sold to
Target: PowerPlan
Acquirer: Thoma Bravo
Transaction Value: Estimated $430M
- Provides asset-focused ERP accounting software
54. 54
Horizontal Application Software Market
Deal Spotlight
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
20.00 x
22.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 18.35 x 17.93 x 18.49 x 18.38 x 17.32 x 17.52 x 17.21 x 19.04 x 18.44 x 18.78 x 17.51 x 17.58 x 19.79 x
EV/S 3.71 x 3.57 x 3.57 x 3.96 x 3.57 x 3.66 x 3.33 x 3.33 x 3.31 x 3.43 x 3.57 x 3.57 x 3.67 x
Sold to
Target: eXelate [Israel]
Acquirer: Nielsen Holdings
Transaction Value: Estimated $195M
- Customer data management and analytics SaaS for targeted marketing
- Adds opportunity in the programmatic media ecosystem
55. 55
Horizontal Application Software Market
Deal Spotlight
1.50 x
2.00 x
2.50 x
3.00 x
3.50 x
4.00 x
4.50 x
6.00 x
8.00 x
10.00 x
12.00 x
14.00 x
16.00 x
18.00 x
20.00 x
22.00 x
EV/SEV/EBITDA
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
EV/EBITDA 18.35 x 17.93 x 18.49 x 18.38 x 17.32 x 17.52 x 17.21 x 19.04 x 18.44 x 18.78 x 17.51 x 17.58 x 19.79 x
EV/S 3.71 x 3.57 x 3.57 x 3.96 x 3.57 x 3.66 x 3.33 x 3.33 x 3.31 x 3.43 x 3.57 x 3.57 x 3.67 x
Sold to
Target: Appfluent
Acquirer: Attunity
Transaction Value: $18M
- BI analytics, data usage, data warehousing and Hadoop migration SaaS and
software
- Adds big data usage patterns analytics to its data transfer platform
56. 56
Corum Research Report
Elon Gasper
Vice President,
Director of Research
Alina Soltys
Associate
Amber Stoner
Senior Analyst
Ivan Snook
Analyst
Yasmin Khodamoradi
Analyst
57. 57
2015 World Tech M&A Report
Register for digital access: www.corumgroup.com
Peter Coffee Karl Popp
Mukund Mohan Reese Jones
58. 58
Nat Burgess
President
Corum Group Ltd.
Seller Conversation
Joe Sanda
CEO/Founder
Astute Solutions
Recapitalized by RUBICON
Technology Partners
59. 59
Q&A
We welcome your questions!
Use Q&A window on right side
Submit to queue at any time
Ask “all panelists” – see “ask” option above text-entry box
60. 60
Upcoming Conference Schedule
Selling Up Selling Out (SUSO) - Ready to go to market? During this half-day workshop, learn to prepare, position,
research, value, negotiate, and execute due diligence for maximum price and structure. This is the most attended Tech M&A
event ever – participants have done over $1 trillion in transaction value.
Merge Briefing (MB) - The Merge Briefing is a 90-minute executive briefing providing a current M&A market update (trends,
valuations, etc.), as well as a brief overview of the Tech M&A process: “8 Steps To An Optimal Outcome.”
www.CorumGroup.com/Events
Apr. 14: Atlanta – SUSO
Apr. 15: Paris – MB
Apr. 21: Barcelona – MB
Apr. 22: Munich – MB
Apr. 28: Kansas City – MB
Apr. 29: St. Louis – MB
Apr. 30: Manchester – MB
May 19: Reston – MB
May 20: Amsterdam – MB
May 21: Cologne – MB
May 22: Singapore – SUSO
May 25: Melbourne – MB
May 27: Sydney – MB
May 28: Riga – MB
Jun. 4: Denver – MB
Jun. 4: Berlin – MB
Apr 11, 2014 – Apr 2, 2015
All three indices we track experienced ups and downs in March. S&P and Nasdaq showed quarterly gains. Dollar continued to strengthen to euro, healthcare and energy companies stocks retreated, crude oil prices decreased and some concerns about recovering economy lead to indices fluctuation.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Turning now to the annual M&A activity tracked back to 2008 when we had hit a record of $35b in transactions; this last year in 2014 we ended up beating the total transaction count, recording over 1000 transactions.
This tracks very closely to both public market performance as well as the broader tech M&A cycle with a strong rebound seen this year, 57% increase in total deal value YoY
An important distringtion to note though, is the lagging effect IT Services has had agains the general M&A cycle
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
Now, let’s turn to the Corum Index on deals – valuations, volume, structures, …etc..
This report is done monthly for six major sectors and quarterly for all 26 markets. It’s presented at our online M&A Monthlies which are broadcast to 36 countries the second Thursday at 10 a.m. Pacific Mountain Time.
How many of you have attended one of these monthly or quarterly events? (See a show of hands – usually not more than 20%.)
Well, if you’re serious about selling in the next year or two, I would urge you to tune in to these broadcasts. They have all the latest information on valuations, deal structures, who’s selling, plus special market reports, and insider presentations on trends that you need to know to best position for optimal value. Further, we have guest speakers – recent headliners, buyers, or CEOs who have just sold and give you the lowdown on what it’s like in the M&A trenches right now.
Here’s the latest Corum Index. [NEW COPY NEEDED]
By the way, an example of the full 26 market report is in the annual report. (Have them pull that back up)
Everyone open up to the market sections to see more detail. There are also special reports by Corum Staff – considered world experts in the major trends.
We’ve reached the end. The celebration part.
Selling software, IT and related technology companies is very satisfying. You become close to your clients after such an intense process. Unfortunately, the closings are often very anti-climactic. Ending with a whimper with some government filing, a wire transfer, the parties scattered across the globe. That why once a year we take our clients who successfully sold to Langara in the gulf of Alaska – we’ve been doing this for 23 years. You can more about these trips, and comments from those company owners like you who have attended.
So, I’ll close by simply inviting you to go fishing with us.
Thank you for your time today.