Jul 20, 2016
Long before selling their businesses, owners start thinking: “What’s my business worth?” Or, if they are a buyer, “How much should I pay?” Bankers like to talk about the value of publicly listed companies based on their stock prices and some reasonable “premiums” above those prices. There is nothing wrong with this approach – but what is the right premium, if any, and how do you figure it out?
Jan 27, 2016
In the News 0 Comments
For years, financial institutions have been spending billions of dollars per year on internally developed software in an effort to gain a competitive advantage – while talking about switching to third-party-based applications. According to a recent article, a well-known financial services firm has more people on its technology team (9,000+ full-time engineers) than Twitter (~3,600 in 2014) or LinkedIn (~6,900 in 2014). They have about the same number as Facebook’s total employee count (~9,200 in 2014). And that financial services firm isn’t alone. In some cases, chief technology officers at even medium-sized financial services firms are managing technology businesses as…