16 October 2018 – GP Bullhound today publishes its latest market report on the Software-as-a-Service (“SaaS”) space, examining the public company landscape, M&A, private placement and IPO trends in Q3 2018, including go-to-market strategies, growth trajectories, unit economics, strategic consolidator and investor demand, and market valuation dynamics compared to historical valuations for SaaS companies.
Jonathan Cantwell, Director at GP Bullhound, commented: “In Q3, the software market continued to roar with large strategic deals, including Adobe’s acquisition of Marketo and Vista Equity’s acquisition of iCIMS.
Several SaaS companies on track for IPOs raised private financings instead of going public, as mega preferred rounds continue in areas such as human capital management, security and fintech.
For instance, Slack, a company GP Bullhound has invested in, raised another $400 million-plus in a round led by General Atlantic. Furthermore, companies continue to pull the trigger on acquisition offers, such as Adaptive Insights being acquired by Workday days before ringing the bell.”
The full report is available for download here.
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound