| Software M&A: 2010 Update & Forecast plus Provocative Insights About Exit Timing. TCOSC. No question, the economic downturn took its toll on software industry mergers and acquisitions in 2009. The number of transactions was down sharply year-over-year and median exit valuations plunged. Buyers and sellers all retreated. The market got eerily quiet...until the fourth quarter when there was a flurry of software M&A activity. What can we expect for 2010? Larger software companies survived the Great Recession surprisingly well, and they seem to have a voracious appetite for strategic acquisitions. The first quarter's deal activity was up sharply from a year ago, as are valuations. Buyers are highly motivated, have record amounts of cash, and the debt markets have recovered. See http://www.tcosc.org |
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