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Q4 2019
Sector
Update
Software
Important disclosures appear at the back of this report
GP Bullhound LLP is authorized and regulated by the Financial Conduct Authority
GP Bullhound Inc is a member of FINRA
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GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to category leaders with
an emphatic focus on software globally
▪ We publish a quarterly SaaS market report to provide quantitative insights into public and private market valuations across the transaction spectrum and qualitative
insights into company business models, technology and trends
▪ We feature many of the leading SaaS companies and CEOs across interesting sub-sectors
▪ Based in our San Francisco office, Jonathan Cantwell is the head of our software practice with over 15 years of experience
▪ Completed over 50 transactions with public and private tech companies globally
▪ Raised $400m of capital for our clients over the last 12 months
▪ Several of our recent software advisory transactions and investments are showcased below:
Software perspectives
EXECUTIVE SUMMARY
UNDISCLOSED
$177M
UNDISCLOSED
$50M
Validity
Signavio
deltaDNA
Partnerize
EcoVadis
ACQUIRED BY
INVESTMENT BY
ACQUIRED BY
INVESTMENT BY
INVESTMENT BY
AppBuddy
Apax Digital
Unity
Accel - KKR
CVC
$200M
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Key sector takeaways
Recent software transaction trends
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Agenda
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Public market SaaS analysis
SaaS CEO commentary
Key SaaS metrics
Appendix A: GP Bullhound SaaS index
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Appendix B: software public comparables by category
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Appendix C: GP Bullhound credentials & team
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Section 1
Key sector takeaways
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Current trends in software
KEY TRENDS
Low-code / no-code platforms are driving innovation at all levels of a business
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Computer vision is going to drive new developments across several industry verticals
Edge computing begins its exponential growth as technology enables devices to
process data in real time without the latency
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Late stage financing is trending down in 2H’19 and will continue to do so in 1H’20
Automat