Blockchain
Enterprise software sector experiences an M&A frenzy with 1,015 recorded deals in first half of 2022, says Hampleton Partners’ report
London, UK – 7 September 2022. The latest Enterprise Software M&A report from Hampleton Partners, the international M&A and corporate finance advisory firm for technology companies, reveals the sector experienced a frenzy of M&A activity during the first six months of 2022, with a total of 1,015 deals recorded, breaking the previous record of 953 deals in 2H2021.
Miro Parizek, founder and principal partner, Hampleton Partners, said: “M&A in the Enterprise Software sector has remained remarkably robust. It’s bucking the overall reduction in global M&A which shrank 27 per cent year-on-year due to market confidence-shaking geopolitical and macroeconomic events, including armed conflict in Ukraine, broken supply chains and central banks hiking interest rates to control inflation.
“Accelerating demand for cloud-based services continues to be a prominent driver of deals, as businesses modernise and escalate operations to take advantage of high market demand. Plus, buyers appreciate the substantial SaaS-based recurring revenue streams baked into many target companies, providing them with a measure of recession-protection.”
Half-year median valuation multiples increased sharply in 1H2022: the trailing 30-month revenue multiple grew to a record-breaking 5.2x, while the corresponding EBITDA multiple shot up to another record of 20.3x, exceeding pre-pandemic levels.
19 Enterprise Software transactions closed at over $1 billion in 1H 2022, whilst five per cent sold for above $100 million. However, the majority of Enterprise Software transactions were below $100 million.
Top Enterprise Software acquirers – past 30 months
The first half of 2022 saw Norway-based Visma graduate to top acquirer with 21 deals, whilst Canadian-based Volaris came a close second, with 20 deals focused on acquiring Enterprise Application and Vertical Application targets.
Visma – 21 acquisitions including Teamleader NV, Mandu, Woffu Job Organizer
Volaris – 20 acquisitions including Alemba, Sunrise Software, Datapro Inc
ThomaBravo – 19 acquisitions including Anaplan, Circle Cardiovascular Imaging, UserZoom Technologies
Largest disclosed Enterprise Software deals of 1H2022
$61.0 bn – Broadcom acquired VMware at 5.3x revenue and 20.6x EBITDA
$13.2 bn – Vista Equity Partners acquired Citrix Systems at 5.2x revenue and 28.0x EBITDA
$13.1 bn – Intercontinental Exchange acquired Black Knight at 11.2x revenue and 24.8x EBITDA
The future of Enterprise Software M&A
Miro Parizek continued: “The Enterprise M&A market is very attractive now for sellers as well as buyers.
“Smaller vendors in niche sectors are having to deal with inflation, talent resourcing challenges and encroaching competition from tech giants. Many are using the attractive M&A market in Enterprise Software to sell to a trade buyer, merge or partner with a private equity player to defend or establish leadership positions on a global scale.
“Other companies are looking to target technology companies in artificial intelligence, machine learning and blockchain that can help them solve supply chain issues.
“Overall, this combination of factors and the need to implement quick solutions to take advantage of disproportionately high market demand should drive up enterprise software M&A. However, business leaders are having to carefully monitor the evolving levels of political and economic uncertainty and keep their buying and selling decisions under constant review.”
Hampleton’s Enterprise Software M&A Report analyses transactions, trends and activity across the Enterprise Applications; Business Intelligence & Customer Analytics; Information Management; Vertical Applications; Infrastructure Management and Design, Testing & Simulation segments.
Download the full Hampleton Partners’ Enterprise Software M&A Market Report 2H2022: https://www.hampletonpartners.com/reports/enterprise-software-report/.
ENDS
For interview requests, copy of the report or photography, please contact:
Jane Henry
Marylebone Marketing
[email protected]
+44 789 666 8155
Note to Editors:
Hampleton Partners’ M&A Market Reports are compiled using data and information from the 451 Research database (www.451research.com).
About Hampleton Partners
Hampleton Partners is at the forefront of international mergers and acquisitions and corporate finance advisory for companies with technology at their core. Hampleton’s experienced deal makers have built, bought and sold over 100 fast-growing tech businesses and provide hands-on expertise and unrivalled advice to tech entrepreneurs and companies which are looking to accelerate growth and maximise value.
With offices in London, Frankfurt, Stockholm and San Francisco, Hampleton offers a global perspective with sector expertise in: Artificial Intelligence, Autotech, Cybersecurity, Digital Commerce, Enterprise Software, Fintech, Healthtech, HR Tech, Insurtech and IT & Business Services.
Follow Hampleton on LinkedIn and Twitter.
For more information visit https://www.hampletonpartners.com.
Source: RealWire
Blockchain
Cardano Founder Says “Crypto Doesn’t Want To Set The World On Fire”
According to a report from Crypto Daily, the founder of Cardano, Charles Hoskinson, expressed a sentiment that the cryptocurrency industry does not aim to “set the world on fire.” This statement reflects a broader perspective on the role of cryptocurrency and blockchain technology in the global economy and society.
Hoskinson’s remark suggests that the cryptocurrency industry is not solely focused on disruptive or revolutionary change but rather on providing innovative solutions to existing challenges and improving upon traditional systems. This viewpoint underscores the belief that cryptocurrencies and blockchain technology can coexist and collaborate with established financial and technological infrastructures, rather than seeking to replace them entirely.
By emphasizing a collaborative approach, Hoskinson highlights the potential for cryptocurrencies like Cardano to complement existing financial systems and contribute to positive developments in various sectors. This includes areas such as finance, governance, healthcare, and supply chain management, where blockchain technology can offer enhanced security, transparency, and efficiency.
Overall, Hoskinson’s statement reflects a pragmatic and inclusive perspective on the role of cryptocurrency in society, emphasizing the importance of cooperation and collaboration in driving meaningful progress and innovation. As the cryptocurrency industry continues to evolve, this mindset is likely to shape its trajectory and impact on the broader economy and society.
Source: cryptodaily.co.uk
The post Cardano Founder Says “Crypto Doesn’t Want To Set The World On Fire” appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Targets $1 Billion for New ‘All-in-One’ Blockchain Fund Set for 2025 Launch
Pantera Capital aims to raise $1 billion for its new all-in-one blockchain fund, slated for launch in 2025, as reported by Bitcoin.com. This ambitious fundraising goal underscores Pantera’s confidence in the potential of blockchain technology and its commitment to supporting innovative projects in the space.
The new blockchain fund from Pantera Capital is designed to be a comprehensive investment vehicle, providing exposure to a wide range of blockchain-related assets and opportunities. By offering a diversified portfolio of investments, the fund aims to capitalize on the growth and development of the blockchain ecosystem while managing risk effectively.
Pantera Capital’s decision to launch a new blockchain fund reflects its bullish outlook on the long-term prospects of the blockchain industry. With increasing mainstream adoption and institutional interest in cryptocurrencies and blockchain technology, Pantera sees significant opportunities for growth and value creation in the coming years.
The $1 billion fundraising target for the new blockchain fund is indicative of Pantera’s confidence in its ability to attract capital from investors seeking exposure to the burgeoning blockchain market. As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to capitalize on the growing demand for blockchain-related investment opportunities.
Overall, the launch of Pantera Capital’s new all-in-one blockchain fund represents a significant development in the blockchain investment landscape, offering investors a comprehensive vehicle for gaining exposure to the rapidly evolving blockchain industry. As the fund prepares for its launch in 2025, it is poised to play a key role in shaping the future of blockchain investment and innovation.
Source: news.bitcoin.com
The post Pantera Capital Targets $1 Billion for New ‘All-in-One’ Blockchain Fund Set for 2025 Launch appeared first on HIPTHER Alerts.
Blockchain
Exverse debuts its token on Bybit ahead of the FPS game’s launch
Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters to Web3, announces the launch of its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. The ByBit launch will be followed by spot listings on the MEXC and Gate exchanges. Ahead of its full alpha launch in mid-May, Exverse hosted a soft-launch tournament for 5,000 early registrees on April 15 with cash rewards for top performers.
During the last bull run, Web3 games rose to prominence under the play-to-earn mechanism that made games like “Axie Infinity” so popular. As this model became widely replicated, many of these blockchain-based games prioritized the crypto elements at the expense of the actual game aspects. This trend could be seen in practice by many titles opting to undergo a token launch before even having a working demo, disincentivizing developers to build a quality game, and leaving users with no ecosystem or functioning game to play and spend or the native currency in.
With Exverse approaching its full launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more. The $EXVG token builds on Exverse’s extensive beta and serves as the ecosystem’s currency while the game’s community witnessed a 20 percent growth in verified signups within a month. Supporting Exverse in their token launch are prominent launchpads and incubators that include Seedify, ChainGPT, and GameFi.
To build momentum for its upcoming alpha launch in mid-May, Exverse showcased its game by holding an exclusive deathmatch-style tournament for 5,000 early wait listers on April 15. The five-day tournament, which took place on the game’s ‘Battle Planet,’ gives players a chance to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200. Top five finishers earnings were dispersed accordingly:
1st place: $4,000
2nd place: $2,000
3rd place: $1,500
4th and 5th place: $1,000
Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. The game prioritizes skill over pay-2-win mechanics, enabling players to earn rewards by staking tokens before a season’s kickoff. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins.
To support the ecosystem’s development, expansion, and growth while rewarding the team and its early supporters, 400 million $EXVG will be minted.
“We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen,” says Fei Ooi Hoong, CEO of Exverse. “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”
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