#Mykhailo Vyhovsky
A focused collection of Intecracy Ventures materials connected with this topic: analysis, expert comments and practical context for shareholders and technology executives.
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The impact of AI on enterprise software M&A multiples in 2026
The integration of AI capabilities is materially reshaping valuation dynamics for enterprise software assets. Shareholders must assess how AI-driven differentiation translates into sustainable revenue growth and operational …
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Sovereign Wealth Funds' Growing Appetite for European GovTech M&A in 2026
Sovereign wealth funds are increasingly targeting European GovTech assets for M&A, driven by stable revenue streams and essential public service integration. This shift presents specific implications for valuation and deal …
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European GovTech M&A: assessing deal value beyond public sector contracts
European GovTech M&A valuations are increasingly driven by factors beyond recurring public sector contracts. Understanding these nuanced value drivers is critical for shareholders seeking optimal exits.
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Strategic Carve-Outs of IT Assets: Unlocking Value for Diversified Tech Conglomerates
Private SaaS multiples have compressed materially from their 2021 peak, intensifying the need for diversified tech conglomerates to strategically evaluate and potentially carve out non-core IT assets. This approach allows for …
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Business Processes Before Automation: Why Software Does Not Cure Organizational Chaos
Implementing new software without first optimizing underlying business processes frequently leads to wasted capital and negligible operational improvement. This disconnect directly impacts enterprise value and complicates future …
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Navigating the new valuation benchmarks for enterprise SaaS in a post-AI boom market
Private SaaS multiples have compressed materially from their late-2021 peak, reshaping deal structures and requiring a reassessment of valuation benchmarks. This shift is particularly pronounced in a market heavily influenced by …
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The Evolving Role of Corporate Governance in Maximizing IT Asset Value
Effective corporate governance is increasingly critical for IT asset valuation, moving beyond compliance to directly influence deal outcomes and investor confidence. This analysis explores how robust governance structures enhance …
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The Evolving Role of ARR in Enterprise SaaS M&A Valuation Beyond 2025
Private SaaS EV/ARR multiples have compressed materially from their late-2021 peak, forcing a re-evaluation of how Annual Recurring Revenue (ARR) is weighted in M&A transactions. Beyond 2025, a more nuanced approach to ARR, …
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Preparing an IT company for sale in 18 months: a shareholder checklist
This article outlines a strategic 18-month roadmap for IT company shareholders preparing for a sale, focusing on enhancing valuation, mitigating risks, and optimizing deal outcomes.
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The Evolving Role of AI in SaaS Valuation: Beyond Revenue Multiples
AI's integration into SaaS is fundamentally altering how enterprise value is assessed. This analysis moves beyond traditional revenue multiples to explore the deeper impact of AI on valuation drivers, risk profiles, and strategic …
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The evolving role of AI in SaaS valuation multiples: 2026 outlook
AI integration is fundamentally reshaping how SaaS assets are valued, moving beyond traditional revenue multiples to incorporate defensibility and efficiency gains. Shareholders and executives must understand these shifts to …
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Why SaaS ARR Multiples Are Diverging From EBITDA Multiples in 2026
The SaaS market is experiencing a notable divergence between ARR and EBITDA multiples, driven by shifts in capital allocation and investor focus on sustainable growth. This trend necessitates a refined approach to valuation and …
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Navigating earn-outs in European B2B SaaS M&A: a CFO's guide to risk mitigation
In 2023, 42% of European B2B SaaS M&A transactions included an earn-out component, reflecting a market trend towards bridging valuation gaps and mitigating buyer risk. This guide provides CFOs with strategies to structure and …
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Navigating the valuation arbitrage between ARR and EBITDA multiples in mid-market SaaS
The divergence in how Annual Recurring Revenue (ARR) and EBITDA multiples are applied to mid-market SaaS valuations presents a critical arbitrage opportunity and risk for shareholders and investors. Understanding this dynamic is …
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Most common red flags in financial due diligence of IT companies
Financial due diligence for IT companies frequently uncovers issues that materially impact valuation and deal structure. Recognizing these common red flags early is crucial for shareholders and potential buyers.
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Restructuring an IT holding: when it is necessary, when it is fashionable
IT holding restructurings are increasingly common, driven by market shifts and capital demands. This analysis differentiates between value-driven necessities and trend-following initiatives, focusing on shareholder implications.
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GovTech as an investment category: why interest is growing in the EU
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