Our latest report on values and trends in the Enterprise Data and Analytics space (“EDA”) is HERE. As you will see, merger & acquisition activity in the EDA space continues to be strong – and m&a values high – in spite of the recent decline in market value for several publicly listed companies in this space. In fact, over the past few weeks we’ve seen several $1 billion+ acquisitions of public companies, including
The “electronification” of securities trading in the U.S. has been underway for more than two decades as global securities markets have moved away from open outcry and phone/voice trading and towards faster and more efficient electronic alternatives. Nasdaq launched its earliest version of an electronic bulletin board in 1971 and CME group launched its electronic platform in 1992. Old news. What is interesting is that – despite the misgivings of some the electronification of trading is continuing its upward march. In fact in some markets it has reached 90% and more of trading volume, as evidenced in the chart below from the Bank for International Settlements (BIS). Furthermore, it’s coming to markets that have traditionally resisted it.
The report that follows HERE is our latest update on m&a values and trends in the dozen+ sectors of the information technology industry that we follow and sometimes lead.
History has shown us that technology can travel borders and cultures seamlessly and with ease. Healthcare technology should be no exception as long as governments don’t get in the way.
It surprises some clients that we are now focusing as much on incremental margin as we are on top-line growth. To be clear, we’re not against growth. High revenue growth rates drive higher valuations. But we’re increasingly seeing that, except in cases of companies with massive top line growth, most acquirers and investors are also looking hard at sustainability. And for many of them – measuring incremental margin is a key sustainability metric.
