Are US software giants missing out on European targets?

The software market continues to be led by US large companies (Microsoft, Oracle, IBM, Adobe, etc.) which are 64% of the publicly listed “giants”, but China is increasing its share. However, US large players are under-represented among the buyers of European software/SaaS companies. We’ve updated our review of the software/SaaS giants landscape and European M&A activity up to H1-2018, and gained some interesting insights.

Silverpeak report – Are US software giants missing out on European targets – July 2018

Silverpeak advises Scality on $60m funding round

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to Scality, a leader in software for distributed file and object storage and multi-cloud data control, on an additional $60 million round of funding to continue executing on its technology innovation strategy as it makes multi-cloud real for its customers.

This latest funding round, which brings the company’s total funding to date to $152 million, includes participation from all existing investors, Scality staff, and a new investor, Harbert European Growth Capital.

Recognized as a leader in distributed file and object storage by Gartner and IDC, Scality builds the most powerful storage tools to make data easy to protect, search and manage anytime, on any cloud. It gives customers the freedom and control necessary to be competitive in a data driven economy.

Silverpeak worked with the company as lead adviser to identify and contact potential investors and negotiate a transaction through to final completion. Silverpeak had a key role in helping Scality to articulate its story to investors, in terms of both strategic positioning and financial trajectory. Silverpeak approached a broad range of international investors to support the growth of the company and the launch of its multi-public cloud product Zenko. The process helped the company target both growth investors and large venture funds willing to back the new product.

The syndicate assembled reflects the performance of the company and its growing role in helping clients make best use of different public cloud providers.

Jerome Lecat, CEO of Scality said, “Silverpeak proved invaluable in approaching investors in all geographies. They really helped in refining the Scality story and packaging it in a way that was easily understood by investors. Working with Silverpeak was seamless, especially working on a cross-Atlantic situation such as Scality and that proved a successful combination.”

Jean-Michel Deligny, the Managing Director at Silverpeak leading the process added, “Scality is unique as the only independent software vendor in data management software which has made it to the top quadrant in Gartner’s research. The challenge of the fund-raising was to get recognition from investors while Scality is in the process of launching its industry-first multi-public cloud SaaS product. The syndicate supports this continuing expansion of the company, which already operates successfully in Europe, the US and Japan.”

SEMINAR: The US – Promised Land or a graveyard for fast-growing European tech companies?

Presentations from yesterday’s seminar co-hosted with Orrick including data points on US acquirers and US investors in European tech companies and advice on how to expand into the US.
FINAL EVENT PRESENTATION Silverpeak Orrick seminar 30 January

US SaaS recovers, UK falls after peak

Welcome to the latest edition of the Silverpeak Benchmark report – Application Software Sector, a review of key company valuation metrics in the US, UK and European application software sectors. By reviewing sector median averages, our aim is to provide a set of software industry benchmarks against which individual company performance can be measured.

Benchmark Report Q4 2017

The State of European Tech Investment

Pietro Strada, Managing Director at Silverpeak, presented “The State of European Tech Investment” at ScaleIT in Milan this week. ScaleIT connects the Top Scaleups in the digital and software space from Italy and Southeast Europe with International Investors to raise growth capital (3-30 mil €) and scale internationally.

The State of European Tech Investment

Silverpeak Benchmark Report Q3 2017

Welcome to the latest edition of the Silverpeak Benchmark report – Application Software Sector, a review of key company valuation metrics in the US, UK and European application software sectors. By reviewing sector median averages, our aim is to provide a set of software industry benchmarks against which individual company performance can be measured.

Silverpeak Benchmark Report Q3 2017