Blog – December 2017
Expect the unexpected was the mantra suggested 12 months ago – and 2017 has indeed thrown up some anomalies (Theresa May’s election disaster being one!) yet the markets have largely continued unabated.
The latest apparent tech bubble for Bitcoin might seem crazy, but a look at recent investments reveals that a lot of money has already been chasing Blockchain Technology (e.g. $217m in Coinbase – a crypto currency exchange). Quite where it will land is still uncertain but it is a true disruptive technology.
The Internet of Things (IoT) is similarly still driving a lot of investment and we were delighted to handle the sale of NextG-Com, a narrow band wireless technology business to ARM to help them achieve their global ambitions in this space.
In the IT services market Cloud is still the overwhelming trend and our client Cloud Direct continued their buy-and-build strategy with the acquisition of Connect Support Services, AlwaysOn and most recently UnitIT. We are still seeking appropriate further acquisitions so if you are considering a future exit do let us know.
2017 has been a busy year and we’d like to take this opportunity to thank all our clients for their business over the last 12 months.
Finally, Prism remain confident in the market for M&A in the technology sector, whatever the political and economic uncertainties. We’d love to engage with you in the New Year but in any event wish you all a happy Christmas and a healthy and prosperous 2018.