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www.corumgroup.com
Ward Carter
President
Corum Group Ltd.
Mark Reed
Ward's technology background includes a variety of management positions with Executive Vice President
the Burroughs Corporation (later Unisys). Then, as vice president of a Wall Street Corum Group Ltd.
investment firm and as principal in a regional venture firm, he raised capital for
ventures in computer hardware, software, and biotechnology. As an executive for
a Seattle-based archival storage software company, he attracted venture capital
and assisted with the eventual acquisition of the company by a larger competitor.
As president of InfoMatrix, and later Discovery Sales + Marketing, Ward provided
strategic consulting support to emerging software companies.
What you can control: how you spend your cash &
manage your business
Ryan joined Corum in 1998 and has held a number of roles central to research and market
analysis in the software and technology space. With over ten years experience in the
software M&A environment, Ryan has an intimate understanding of the software industry
as a whole, especially as it relates to mergers and acquisitions. As the Vice President of
Research, Ryan directs Corum’s research group in both North America and Europe, and
has played a direct role in developing buyer relationships during his tenure with Corum. He
also is a major contributor to Corum’s research reports. Ryan graduated from Washington
State University with a B.A. in Business Management, with a focus on Entrepreneurial
Studies.
June
June
May
April
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February
January
$ values in millions
120.00
110.00
100.00
90.00
80.00
70.00
60.00
50.00
40.00
Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09
Public Valuations
Horizontal
Application
Software
Comments:
Expanding product portfolio
SaaS
Public Valuations
Vertical
Application
Software
Notable Transactions
Spotlight:
Public Valuations
Consumer
Application
Software
Notable Transactions
Spotlight:
Target Buyer Sector: Mobility
Fueps SpA Dada SpA Target: Dash Navigation
Id Software ZeniMax Media Buyer: Research In Motion
Date: June 2009
Mustache Inc. Fanzter Transaction Value: Undisclosed
Dash Navigation Research In
Motion Comments:
SaaS
Differentiator
Hot space
Public Valuations
Infrastructure
Software
Notable Transactions
Spotlight:
Target Buyer Sector: Development Tools
HourGlass Ipswitch Target: Wind River
Technologies Buyer: Intel Corporation
Wind River Intel Corporation Date: June 2009
Transaction Value: $884 million
Structure: Cash
Transaction Multiple: 2.2x
Comments:
New software focus
Public Valuations
Internet
Notable Transactions
Spotlight:
Target Buyer Sector: Advertising /
Talkzilla.com TZ Holdings local networking
Siliconinvestor.com TZ Holdings Target: Going
Buyer: AOL, Inc.
SendTec Inc. PHIDS Inc. Date: June 2009
SnapTell A9.com Transaction Value: Undisclosed
Going Inc. AOL
Comments:
Desire to be local
Million-plus unique visitors monthly
Public Valuations
IT Services
Notable Transactions
Spotlight:
Target Buyer Sector: Services
Resource Group Swisscom AG Target: Carillion plc
AG Buyer: Capita Group plc
Bearing Point Keane Date: June 2009
Transaction Value: $57 million
Structurum AS Inmeta ASA
Carillion plc Capita Group plc Comments:
Intra-country
Services around the network
Valuation in ‘services’ range