Analysis & insights
Independent commentary on M&A, asset management, and IT consulting from the Intecracy Ventures team.
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The Evolving Landscape of Earn-Outs in European SaaS M&A: A Shareholder Perspective
Private SaaS multiples have compressed materially from their late-2021 peak, leading to a significant increase in earn-out provisions within European M&A transactions. This shift fundamentally alters the risk and reward…
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Navigating the Post-Acquisition Integration of R&D Assets for Tech Company Shareholders
Post-acquisition integration of R&D assets is a critical phase often overlooked, directly impacting enterprise value. Shareholder focus must shift from deal closure to strategic R&D alignment and talent retention.
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Defense Tech in Europe: From Grants to Private Capital
European defense tech is undergoing a significant funding shift, moving beyond traditional government grants towards attracting private capital. This transition presents both opportunities and challenges for shareholders navigating valuation and…
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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…
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How shareholders measure whether their IT asset is gaining value
Shareholders of technology companies must critically assess the evolving value of their IT assets, especially as market dynamics shift. This requires moving beyond traditional financial metrics to incorporate specific technology-centric…
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The rising cost of capital: reassessing SaaS valuation multiples in 2026
Private SaaS EV/ARR multiples have compressed materially since the late-2021 peak, signaling a fundamental shift in capital allocation and investor expectations. This re-evaluation necessitates a strategic reassessment of valuation methodologies…
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IT strategy for mid-market: when to commission consulting
Mid-market technology companies often face a critical juncture where their organic IT evolution no longer aligns with strategic capital objectives. Understanding when external IT consulting becomes essential can significantly impact…
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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 capital…
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Why Recurring Revenue Multiples for Enterprise SaaS Are Diverging from ARR Growth
Private SaaS multiples have compressed materially from their 2021 peak, leading to a disconnect between high ARR growth and lower valuation multiples. This shift necessitates a re-evaluation of value drivers…
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AS-IS to TO-BE: the analytical work most ERP projects skip
Many enterprise resource planning (ERP) projects fail to deliver expected value because they neglect rigorous 'AS-IS' and 'TO-BE' business process analysis. This oversight directly impacts shareholder value and future M&A…
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