Technology Report 2H 2018
Investment Banking & Securities Offered Through SDR Capital Markets, Inc., Member FINRA & SIPC. BRAIN DRAIN LEADERS BRAIN CONCENTRATION LEADERS Sources: Bloomberg; Denver Post; Built In Colorado 250 204 200 Financial 150 131 98 23% 96 80 100 49 47 32 45 50 13 - - Strategic 77% Amount TEV/ Date Target Buyer(s) Segment TEV/ EBITDA ($ in Mil) Rev 12/24/2018 MINDBODY, Inc. Vista Equity Partners Management LLC Financial Technology 1,674 - - 11/12/2018 athenahealth, Inc. Elliott Management Corp.; Veritas Capital Healthcare IT 5,442 4.15x 16.19x 11/11/2018 Qualtrics International, Inc. SAPFund SE Management LLC; Evergreen Coast Enterprise Software 7,992 21.11x - 11/11/2018 Apptio, Inc. Vista Equity Partners Management LLC Enterprise Software 1,586 - - 11/6/2018 ConvergeOne Holdings, Inc. CVC Advisers Ltd. Infrastructure/Hosting 1,671 1.52x 18.88x 10/28/2018 Red Hat, Inc. International Business Machines Corp. Other SaaS 32,332 - - 10/15/2018 SendGrid, Inc. Twilio, Inc. Marketing Software 1,568 11.43x - 10/10/2018 Imperva, Inc. Thoma Bravo LLC IT Security 1,671 - - 9/24/2018 Pandora Media, Inc. Sirius XM Holdings, Inc. Other SaaS 3,063 1.73x - 9/20/2018 Marketo, Inc. Adobe Systems, Inc. Marketing Software 4,750 - - 8/23/2018 Resideo Technologies, Inc. Shareholders Other SaaS 3,534 0.74x 6.15x 7/22/2018 Syntel, Inc. ATOS SE IT Services 3,542 3.67x 13.49x 7/11/2018 CA, Inc. Broadcom, Inc. Enterprise Software 18,202 4.39x 12.58x Strategic Buyer Inv. Date Select Corporate Acquisitions Accenture Plc 12/20/2018 ▪Knowledgent Group, Inc.
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