With Some Important Twists — Elon Musk’s $44 Billion takeover of Twitter will be another radical shift for the software industry. In many way what has transpired in the past week reminds me of Private Equity Tech M&A in the early 2000s. There are some very important differences however. Will the X super app be…

Median SaaS EV/Revenue Multiples Decline 62% Since Q3 2021 — The Software Equity Group (SEG) regularly publishes quantitative research on the software and SaaS market M&A activity. The SEG SaaS Index contains 110 publicly traded SaaS companies. They recently published their SEG Snapshot: 3Q22 SaaS Public Market Update -you can download it for free here. It provides a ton of…

Surprisingly, The Answer May Be No — Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that “the time to buy is when there’s blood in the streets.” In late 2022 it is clear that the SaaS market is in trouble. The Nasdaq is off over 34%. Median Enterprise…

Is there an opportunity to disrupt the EDI industry in 2023 through some creative strategic acquisitions? — In the past few months, I have had an unusual number of inquiries from private equity firms about the state of the electronic data interchange (EDI) market. I was a senior executive for two EDI firms many years ago. I worked in product management, client services, and outsourcing general management…

42% Decline in Median EV/Revenue Ratios Since July 2021 — The Software Equity Group (SEG) regularly publishes quantitative research on the software and SaaS market M&A activity. The SEG SaaS Index contains 110 publicly traded SaaS companies. They recently published their April 2022 SEG SaaS Index Update — you can download it for free here. It provides a ton of…