Remove 2009 Remove Profitability Remove Public Trading
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Public SaaS Company Valuations and What They Mean for Private Companies

Software Equity Group

Public SaaS companies enjoyed an unprecedented run from 2009 through 2021, but last year brought a wave of macroeconomic uncertainty, including rising interest rates, record inflation, supply chain problems, and geopolitical unrest. It is not surprising, then, that profitability was closely tied to above-average valuation multiples.

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Technology Services Mergers Update – Q1 2024

Solganick & Co.

Shift to Profitability over Growth: The market is shifting away from “growth at all costs” to a focus on profitability. This aligns with the growing need for tailored software solutions. Understanding and building AI applications is seen as critical for software development firms to stay competitive.

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Tiny acquires HappyFunCorp, the prolific firm that’s built apps for Twitter, Amazon and more, for $30M

TechCrunch: M&A

Tiny is based out of Canada and is publicly traded there with a current market cap of around $500 million. HappyFunCorp was founded in 2009, and in the last 14 years it’s racked up its own very long list of big-name customers. Similar to the other companies in the Tiny stable, it has up to now been bootstrapped and profitable.