Defense tech in Europe: From grants to private capital
European defense technology, traditionally grant-funded, is increasingly attracting private capital as geopolitical shifts and national priorities reshape the investment landscape. This transition necessitates a refined understanding of valuation, deal structuring, and risk for shareholders and investors.
AS-IS to TO-BE: the analytical work most ERP projects skip
Many ERP implementations fail to deliver expected value because they neglect the rigorous AS-IS to TO-BE business process analysis, leading to significant capital misallocation and missed opportunities for enterprise value creation.
Management analysis before ERP implementation: how to save 40% of budget
ERP implementation projects frequently exceed budgets by 30-50%, often due to a lack of pre-implementation management analysis. This article outlines how a focused, upfront analytical phase can mitigate these overruns and protect company value.
Why IT companies are worth less than their founders expect
Founders often anchor their valuation expectations to early-stage metrics or isolated market highs, overlooking critical factors that depress enterprise value in later-stage transactions. This disconnect stems from a misunderstanding of how buyers assess risk, future growth, and operational maturity.
Why SaaS ARR multiples are diverging from EBITDA multiples in 2026
The market is increasingly valuing SaaS companies based on future growth potential, leading to a widening gap between ARR and EBITDA multiples, particularly impacting capital allocation and deal structuring.
The organizational layer of IT projects: why it determines the outcome
In 2023, IT project failures or significant budget overruns continued to plague the enterprise sector, with studies consistently showing that up to 70% of large IT initiatives either fail to meet objectives, exceed budget, or run significantly behind schedule. While technical complexity often takes the blame, the organizational layer—encompassing governance, stakeholder alignment, process design, and […]
Earn-out in IT deals: how to structure to avoid post-closing conflicts
In the current M&A landscape, earn-out provisions are present in approximately 30-40% of all technology transactions, a notable increase from pre-2020 levels. This trend reflects a widening valuation gap between buyers and sellers, often driven by market volatility or differing growth projections, particularly within the SaaS and specialized IT services sectors. For shareholders seeking an […]
Information memorandum for a tech company: what works in 2026
By Q3 2025, over 60% of venture capital funds and private equity firms active in tech M&A had integrated AI-powered predictive analytics into their initial deal screening processes. This shift means that a static, backward-looking information memorandum (IM) is increasingly insufficient to capture serious investor attention. For shareholders and CEOs preparing for a capital raise […]