Software Market Update - July 2020: Report by Allied Advisers
Updated: Jul 28, 2020
“Software is eating the world” was a phrase coined by Marc Andreessen in 2011. The current global pandemic has amplified this phenomenon; in one quarter we have witnessed segments of the economy where software has elegantly stepped in for industries which have been disrupted and enabled businesses to continue operations in ways we never thought were possible.
While, the pandemic caused a steep decline in Tech M&A activity in Q2 2020, the public market valuations recovered and there were a lot of bright spots in technology. The long term drivers for software M&A remain strong and the new paradigms create exciting opportunities for bold entrepreneurs and thoughtful investors who back them. A quick read on some of the positive trends in the sector which could be here to stay.