Down, but not out
In this months podcast...
Share prices in UK tech were broadly flat in March, outperforming the broader UK market but well behind US tech. NCC’s profit warning was the highest profile of many in the month as the painful process of growth rates returning to the mean continues. That said, there’s much more positive news elsewhere, from the large resellers in particular. But perhaps the biggest story from the listed sector was shocking revelations of possible fraud at WANdisco – could this be the end of a long and damaging story? Elsewhere, private equity deals were again robust and focused on MBOs while VC fundraising and M&A activity both continued on trend. The HCM software sector a bright spot in many parts of the market during March. While the outlook has undoubtedly been impacted by the mini banking crisis, we have yet to see the full effect, underlying the view that 2023 will be a challenging year for the tech sector.?
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Mentioned in the podcast:
NCC Group , WANdisco , Quantexa , Trooli , Datatonic , Cezanne HR , Horsefly , Joblogic Service Management Software , EDITED , APEXX Global , Navro , HelloSelf , Perspectum Ltd , Cado Security , Seldon , Zellis , Alcumus , IRIS Software Group , The Access Group , Natural HR , SafeHR , Inspirit Capital , Vauban Infrastructure Partners , Axione , Perwyn , NorthEdge , LDC , Axiom Equity , Silicon Valley Bank , 汇丰 & Bessemer Venture Partners
For last month’s and previous episodes visit?megabuyte.com/podcasts
About Megabuyte: Megabuyte analyses the financial and corporate strategy of some 6,000 UK tech and digital businesses. Our analytical rigour, independence and deep sector expertise have made us an indispensable resource for many of the UK‘s leading CxOs, investors and advisers in support of their origination, due diligence, M&A, benchmarking, competitor analysis and corporate strategy activities.