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Exit and Growth Strategies for Middle Market Businesses

Archive for the ‘Technology/Media’ Category

Summer 2021 | M&A Report In The Technology, Media and Telecom Industry Sector

By Dan Vermeire | Aug 17, 2021

The report below gives a good overview of the Summer 2021 M&A activity in the Technology, Media and Telecom Industry Sector. The COVID-19 pandemic has led to the increase in demand for a variety of technological solutions. Ecommerce, videoconferencing, electronic signature, collaboration, and cloud-based applications, which had a strong revenue growth in 2020, will continue to grow in 2021 at a normal pace. In 2021, it is expected that the technology businesses would upgrade their supply chains to improve transparency and resiliency. The technology companies would enhance its digital transformation through cloud, everything-as-a-service (XaaS), and edge intelligence. It will also pursue strategic acquisitions to boost its technology and talent capabilities. Technology companies must develop solutions to address vulnerabilities like supply networks complexity, while being environment friendly and flexible to deal with a volatile geopolitical environment. In addition to that, the most pressing risk for the technology industry is data security and privacy. Companies should tackle various regulatory and ethical hurdles related to data privacy and maintain public’s trust as recent incidents of high-profile data breaches have tarnished the reputations of some technology companies.

Posted by Dan Vermeire.

Read the Entire Summer 2021 Technology, Media and Telecom Report Here


Spring 2021 | M&A Report In The Semiconductors & Advanced Materials Industry Sector

By Gunther Hofmann | Jul 29, 2021

The report below gives a good overview of the Spring 2021 M&A activity in the Semiconductors & Advanced Materials Industry Sector. The semiconductor market registered a revenue growth of 6.5% in 2020 despite the impact of COVID-19 on the global economy as per research published by KPMG. The semiconductor industry will continue to grow due to the mainstream adoption of IoT, 5G and the increasing semiconductor needs of the automotive sector. The industry is expected to register a CAGR of over 6% during 2021-2025 as per research published by ResearchAndMarkets.com. According to the Semiconductor Industry Association, first-quarter sales of $123.1 billion were 17.8% more than the total from the first quarter of 2020 and 3.6% higher than the total from fourth quarter of 2020. International Data Corporation (IDC) forecasts the semiconductor market to reach $476 billion in 2021, a 7.7% year-over-year growth rate as the COVID-19 vaccines are circulated and global economies begin to gradually recover.

Posted by Gunther Hofmann.

Read the Entire Spring 2021 Semiconductors & Advanced Materials Report Here


Spring 2021 | M&A Report In The Technology, Media and Telecom Industry Sector

By Dan Vermeire | Jun 24, 2021

The report below gives a good overview of the Spring 2021 M&A activity in the Technology, Media and Telecom Industry Sector. The pandemic has ushered in a new reliance on tech, connectivity, and e-commerce. While many industries have been severely affected by the crisis, for the Technology, Media and Telecom sector (TMT) the economic impact has been largely neutral, or even positive for some industry segments.

With surges in online gaming, video streaming, mobile data consumption, remote working models, voice traffic, and residential broadband; the industry saw companies make several operational improvements in network infrastructures to cope with increased technological demands. The pandemic has shifted the spending toward resources that support digital methods of workforce collaboration, sales and customer experience delivery. The big data technology and rising number of connected devices across enterprises are increasing the demand for IT service management and information security management platform.

Posted by Dan Vermeire.

Read the Entire Spring 2021 Technology, Media and Telecom Report Here


M&A Quarterly News In The Technology, Media and Telecom Industry Sector

By Dan Vermeire | Feb 28, 2020

The report below gives a good overview of the first quarter M&A activity in the Technology, Media and Telecom Industry Sector. M&A activity for North American based target companies in the Technology, Media and Telecom sector for Q4 2019 included 421 closed deals, according to data published by industry data tracker FactSet.

One of the largest lower middle market transactions closed in November when PTC, Inc. acquired Onshape, Inc., a portfolio company of Commonwealth Capital Ventures, NEA Management Co LLC, AH Capital Management LLC and North Bridge Venture Partners for US$470 million in cash. PTC engages in the development and provision of software-based product management and development solutions. Onshape is a modern CAD system that unites advanced modeling tools and design data management in a secure cloud workspace that is accessible on any device.

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M&A Quarterly News In The Technology, Media and Telecom Industry Sector

By Dan Vermeire | Nov 27, 2019

The report below gives a good overview of the fourth quarter M&A activity in the Technology, Media and Telecom Industry Sector. M&A activity for North American based target companies in the Technology, Media and Telecom sector for Q3 2019 included 409 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in September when Commvault Systems, Inc. acquired Hedvig, Inc. for US$225 million in cash, contingent and future payout, subject to customary transaction adjustments. Hedvig is a portfolio company of Atlantic Bridge Ventures, Redpoint Ventures, True Ventures LLC, HC Capital Management LLC, Hewlett Packard Ventures LLC, Oman Investment Fund and EDB Investments Pte Ltd. Founded by Avinash Lakshman in 2012, Hedvig Inc is located in Santa Clara, California and provides software defined storage solutions.

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M&A Quarterly News In The Technology, Media and Telecom Industry Sector

By Dan Vermeire | Sep 12, 2019

The report below gives a good overview of the third quarter M&A activity in the Technology, Media and Telecom Industry Sector. M&A activity for North American based target companies in the Technology, Media and Telecom sector for Q2 2019 included 306 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in April when Lear Corp acquired Xevo, Inc., a portfolio company of MMV Financial, Inc., Intel Capital Corp, Shaw Ventures, Inc. and SPARX Group Co Ltd, for US$320 million in cash. The acquisition would broaden Lear Corp’s connectivity portfolio and enhance its capabilities in software. Xevo provides solutions to automakers and merchants. The company was founded in 2000 and is headquartered in Bellevue, WA.

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M&A Quarterly News In The Technology, Media and Telecom Industry Sector

By Dan Vermeire | May 22, 2019

The report below gives a good overview of the second quarter M&A activity in the Technology, Media and Telecom Industry Sector. M&A activity for North American based target companies in the Technology, Media and Telecom sector for Q1 2019 included 328 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in March when Envestnet, Inc. acquired PIEtech, Inc. for US$521.2 million in cash and stock. Envestnet engages in the provision of intelligent systems for wealth management and financial wellness. PIEtech develops financial planning software for financial advisors. It offers MoneyGuidePro, an Internet based financial planning software that helps advisors to create, implement and maintain investment strategies to meet financial goals. The company was founded in 1997 and is headquartered in Powhatan, VA.

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M&A Quarterly News In The Technology, Media and Telecom Industry Sector

By Dan Vermeire | Feb 26, 2019

The report below gives a good overview of the first quarter M&A activity in the Technology, Media and Telecom Industry Sector. M&A activity for North American based target companies in the Technology, Media and Telecom sector for Q4 2018 included 403 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions closed in December when Perforce Software, Inc., a portfolio company of Clearlake Capital Group LP, acquired Perfecto Mobile, Inc., a portfolio company of Vertex Venture Capital, Viola Ventures Ltd, Vodafone Ventures Ltd and Globespan Capital Management LLC, for US$200 million. The transaction expands the business offerings of Perforce. Founded in 2006, Perfecto is located in Burlington, Massachusetts and provides on-demand mobile testing infrastructure services.

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M&A News In The Technology, Media and Telecom Industry Sector

By Dan Vermeire | Nov 20, 2018

The report below provides a good overview of the fourth quarter M&A activity in the Technology, Media and Telecom Industry Sector. M&A activity for North American based target companies in the Technology, Media and Telecom sector for Q3 2018 included 429 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in September when GrubHub, Inc. acquired Tapingo, Inc., a portfolio company of Viola Ventures Ltd, Khosla Ventures LLC, Shanghai Fosun Kinzon Equity Investment Management Co Ltd, QUALCOMM Ventures and Doll Capital Management, Inc., for US$150 million in cash, subject to standard closing conditions. Founded in 2012, Tapingo is located in San Francisco, California and offers a mobile shopping application.

Software, hardware and platforms are migrating to the cloud at a rapid rate as on-premise solutions phase out.

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M&A News In The Technology, Media and Telecom Industry Sector

By Dan Vermeire | Aug 20, 2018

The report below provides a good overview of the third quarter M&A activity in the Technology, Media and Telecom Industry Sector. M&A activity for North American based target companies in the Technology, Media and Telecom (TMT) sector for Q2 2018 included 429 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in May when Cisco Systems, Inc. acquired Accompani, Inc., trading as Accompany, a portfolio company of Resolutevc, LLC, Ignition Venture Partners, ICONIQ Capital, FLOODGATE Fund LP, Cowboy Capital LLC and Charles River Ventures, Inc., for US$270 million in cash and assumed equity awards. The acquisition enhances Cisco’s portfolio of software solutions. Accompani develops and publishes software tools for relationship intelligence. Its platform integrates email, contacts and social feeds to keep users informed on professional connections. The company was founded in 2013 and is headquartered in Los Altos, CA.

The video game market is experiencing explosive growth on mobile platforms. According to data from industry research group Newzoo, in 2018 the mobile video game market will generate $70.3 billion comprising 51% of the global video game market.
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