SaaS Archives - eResearch

2024-11-09 CrowdStrike to Acquire Adaptive Shield

CrowdStrike’s Adaptive Shield Acquisition Reflects Rapid Changes in Cybersecurity Industry

November 9, 2024 Chris Thompson

CrowdStrike (NASDAQ: CRWD) is acquiring Adaptive Shield, a SaaS security provider, as part of the rapidly evolving cybersecurity landscape. The deal enhances CrowdStrike’s Falcon® platform, addressing identity-based threats across hybrid cloud environments. With cloud exploitation threats up 110% in 2023, this acquisition underscores the industry’s push for comprehensive security solutions. CrowdStrike joins other notable deals in 2024, including CyberArk, Fortinet, and Sophos, in driving industry consolidation. The Adaptive Shield acquisition is expected to close in CrowdStrike’s fiscal Q4, delivering end-to-end SaaS security and expanding its platform’s capabilities to combat rising threats. [more]

NEW UPDATE REPORT – DCM Expands MarTech Offerings with Acquisition of Social Media Analytics Provider Zavy

November 9, 2024 Chris Thompson

We have written a 10-page Update Report on DATA Communications Management (DCM) after it acquired Zavy Limited, a New Zealand-based provider of social media analytics. This acquisition enables DCM to expand its MarTech offerings, enhancing capabilities in social media performance analytics, audience sentiment, and data-driven marketing. Zavy’s platform provides tools like social media benchmarking and AI-driven insights, aligning with DCM’s strategic goals to shift towards digital solutions. The acquisition also allows DCM to extend Zavy’s services to North American markets, meeting the demand for social media analytics among both large enterprises and small to medium-sized businesses. [more]

Squarespace’s $6.99B Deal Signals Strong Outlook for SaaS Sector

May 13, 2024 Chris Thompson

Permira Advisers is acquiring Squarespace Inc. (NYSE: SQSP) in a $6.99 billion all-cash transaction, reflecting a premium to the market price and comps. This deal, endorsed by the board, signifies a shift for Squarespace towards enhanced strategic flexibility away from public market pressures. With an EV/Revenue multiple exceeding the mid-cap SaaS sector average, the acquisition underscores Squarespace‘s market position and growth potential. [more]

NEW UPDATE REPORT – DCM – MediaValet Acquisition Multiple Bodes Well for DCM’s Valuation as its Pays Down Debt and Focuses on Tech Strategy

March 1, 2024 Chris Thompson

We have written a 12-page Update Report on DATA Communications Management, a Canadian-based communications and marketing solutions provider that offers comprehensive online and offline communications and marketing solutions to businesses. The report highlights how STG Partners’ acquisition of MediaValet Inc. for $79 million showcases a favorable valuation trend for Canadian SaaS and DAM sectors. DCM’s valuation could benefit as it enhances its SaaS offerings and focuses on a Print-to-Digital transition. The Company has also successfully completed a series of sale and leaseback transactions, raising $37.8 million, and aiding in debt reduction. DCM’s recognition in the 2024 OTCQX Best 50 underscores its market performance and strategic positioning. We are maintaining our price target and recommendation. [more]

MediaValet Acquisition Highlights Valuation Trends in Canadian SaaS and DAM Sectors

January 29, 2024 Chris Thompson

On January 24, 2024, MediaValet (TSX:MVP), a provider in Digital Asset Management (DAM) solutions, announced its acquisition by STG Partners, highlighting the increasing importance of DAM and SaaS models in the tech industry. This transaction, valued at $79 million, signifies a premium valuation for MediaValet and suggests a positive outlook for similar Canadian SaaS and DAM firms. The acquisition reflects the strategic interest in companies that offer scalable, cloud-native software solutions, underscoring the growing demand for efficient digital asset management in a content-driven business landscape. [more]

eCommerce Public Listings Show Strong Growth Potential after Going Public

April 22, 2021 Simarpreet Arora

Recent public listings by Canadian tech companies providing eCommerce and SaaS expertise show the potential to disrupt the online shopping and services ecosystem. WeCommerce, Emerge Commerce and Vendasta are targeting different areas and seek to capture a part of the trillion-dollar market. [more]

More Than Grain Grows in Saskatchewan as Vendasta Technologies Prepares for IPO

April 5, 2021 Michael Lacasse

After years of rapid growth, Vendasta plans to list on the TSX. With a market capitalization of around C$700M, the white-label SaaS provider is one of Canada’s leading digital companies, having over 4M registered SMB businesses. [more]

Salesforce Acquires Slack for $28B to Create a Work-From-Anywhere Platform

December 7, 2020 Jay Yi

Salesforce, a leading CRM platform, announced the acquisition of Slack, an enterprise communications platform. The transaction provided Slack with an enterprise value of $28 billion and an EV/Revenue of 32x based on Slack’s forecasted revenue for 2021. [more]

Above the IoT Cloud as mCloud Q3 Revenue Soars

November 15, 2019 Chris Thompson

mCloud released its Q3/2019 financials and, with partial-period revenue from the Autopro acquisition that closed in mid-July, revenue increased over 200% quarter-over-quarter to C$9.2 million. [more]