Altium TechMonitor Q3 2013
Altium is pleased to provide you with the Q3 2013 edition of the Altium TechMonitor, which offers a quarterly update on market data, sector valuation and M&A activity in the global Software and IT Services industry.
The Altium TechMonitor is tailored to the needs of busy executives and investors seeking both a comprehensive overview of the M&A and valuation landscape, trend analyses, and insights into the current transaction environment.
Key developments in Q3 2013 were:
- The number of deals in the software sector again decreased, falling to 196 transactions in Q3 2013 (vs. 218 in Q2 2013). Reported deal value also decreased to € 8.0bn although a number of larger transactions were announced.
- The application software sector showed a positive share price performance compared to Q2 2013 (+7.6%). Systems software companies increased by 5.8% on average during the last quarter.
- Valuation levels of application software decreased by approximately 1.4% on EV/Sales and 2.8% on EV/EBITDA as EPS expectations declined by 4.5% on average. Valuation levels of systems software decreased by approximately 0.4% on EV/Sales and 1.1% on EV/EBITDA as EPS expectations declined by 1.0% on average.
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