Qualtrics for $12.5B yesterday
Cvent for $4.6B today
SaaS didn’t take time off during a banking crisis!https://t.co/901rSIrHPa
— Jason ✨Be Kind✨ Lemkin (@jasonlk) March 14, 2023
So does SaaS take time off?
It sure doesn’t. The customers still buy, even during the toughest times. Businesses still run. And even Private Equity and buy-outs stay on track.
We had 3 big ones this week:
Private Equity really hasn’t taken any time off. In fact, they are often the canary in the coalmine pointing to where there are bargains in SaaS. When things are oversold and too low.
Back when Vista bought Marketo for $1.8 Billion, many thought they overpaid. Just a few years later, Adobe bought it for $4.75 Billion.
Published on March 16, 2023