Mirus Capital AdvisorsMirus Capital Advisors

Friday, September 17, 2021

8 factors driving software valuation multiples

Public software company valuations have risen to astronomical levels in recent years. Valuations for small privately held software businesses are strong as well and can vary significantly from one transaction to the next.   What drives a 2x revenue multiple vs. a 10x revenue multiple? Some key factors influencing transaction multiples include: Size: larger companies […]

Thursday, April 09, 2020

Bright Spots in a Cloudy Forecast

The coronavirus (COVID-19) pandemic is affecting the economy across many industries as consumers and businesses delay purchases or postpone new projects until visibility improves.  Some technology companies will not be immune from the slowdown – IDC projects worldwide IT spending will decline by 2.7% in 2020 – but there are several segments within the Technology […]

Wednesday, October 19, 2016

Congratulations to Eutecus on its Sale to Sensity Systems and Subsequently Verizon

I would like to offer my congratulations to Csaba Rekeczky and the folks at Eutecus on the successful sale of their company to Sensity Systems (see http://merger.com/transactions/eutecus-acquired-sensity-systems/).  The entire Mirus team, including Peter Alternative and I, are proud to have acted as advisors in this transaction and are pleased to play a part in helping […]

Friday, May 20, 2016

Open Source and the impact on Selling your Software Business

Now before I start, let me say that this is not a judgement on the use of open source as a part of your development strategy.  My opinion is that in general that open source initiative has been a great boon to the software development community  and by sharing code and tools, developers have saved […]

Sunday, November 23, 2014

NP Tech: The Non-Profit Sector is Heating Up

When people think of software and technology for the non-profit sector, they generally think of Blackbaud, and more recently, Salesforce.com.  Blackbaud is the biggest player in non-profits for sure, with over $546 million in revenue over the past twelve months, but Salesforce.com (which gives software away to small non-profits through its charitable foundation) is coming […]

Friday, July 25, 2014

Smaller Software Companies Enjoy Increased Options Based on Growing Private Equity Interest in Technology

Over the last five years the technology sector has attracted an increasing number of private equity investors. More specifically, platform investments (financial) and follow-on acquisitions (hybrid) have grown 25% and 30% respectively over the last five years, based on our analysis of CAPIQ data. When we parsed the data to identify the most active private […]