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Tech takeovers
Ryan Blakely, director of research at Corum Group, looks at
how M&A activity remains resilient within the tech sector
T
his year will prove to be one of the in today’s turbulent economy. The transaction expands its global presence,
most challenging years ever. Amid Some examples of Corum’s expertise in while executing the firm’s growth strategy in
the systemic problems in the cross-border transactions include: the insurance space.
financial community, declining demand • Ness Technologies’ (Israel) acquisition of From a macro perspective, uncertainty
for business services and a non-existent LOGOS, an IT services and consulting firm surrounds the prospects for 2009. However,
consumer, just making it through the year
will be difficult, if not impossible, for many.
That said, software and IT M&A
“Looking globally is a vital component
remains active as companies of all sizes in a successful exit, especially in
and disciplines embrace it not only as a
today’s turbulent economy”
corporate strategy, but as a vital component
of future technology, revenue and
geographic growth. specialising in the financial and telecoms what is certain is that valuations will
The Corum Group is the global leader sectors based in the Czech Republic. Ness remain volatile, revenues and profits
in merger and acquisition services has long been a buyer of targets outside will be difficult to sustain, and pervasive
specialising in serving software and IT Israel, and through this transaction, along technologies and international firms will
companies worldwide, with over 60 per with others, continues to build its presence be attractive targets.
cent cent of annual deal volume being in Eastern Europe. During these difficult times, some
cross-border. Looking globally is a vital • Polaris Software Lab (India) acquired companies will fail, while the only possible
component in a successful exit, especially US-based SEEC, Inc. in an all-cash deal. exit opportunity will be via M&A. ■
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Mergers & Acquisitions 33
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