News

Blackpeak Technology Market Update: IT Services

Blackpeak are pleased to present a market update on the IT Services sector in ANZ which includes key trends on M&A & financings as well as valuation benchmarking data.

M&A activity in ANZ has been predominately related to bolt-on acquisitions with the ‘buy & build’ strategy continuing to be a common theme amongst the IT Services sector in ANZ (both public & private) as companies look to increase scale and add specialist capabilities through M&A.

Recent platform investments include BGH’s acquisition of NZ-based Managed Services provider Fusion5 (Dec-23) whilst Cyber & Managed Security provider AU Cloud (ASX:SOV) recently raised $30m to fund 3 acquisitions (Mar-24). 

The outlook for IT Services remains strong with spending to continue to be underpinned by digital transformation and outsourced managed services along with an increased focus on Cyber Security & AI as companies look to stay on top of security and respond to customer demand around how to incorporate AI into their service offering.

The report can be accessed in the link below:

IT Services Sector Update_Oct24

Categories: Blackpeak Insights

Blackpeak Insights: ANZ Travel, Property and Events booking software market update

Blackpeak are pleased to present a market update on the Travel, Property and Events booking software in ANZ which includes key trends on M&A & financings as well as a market map & profiles of industry participants.

Bookings software refers to businesses whose revenue is ultimately leveraged to the volume of bookings (hotel bookings, activities/ events, property bookings etc.) on their software platform. Vendors have emerged from the slow down experienced during the Covid-19 pandemic and are experiencing a period of rapid growth as leisure and business travel returns to pre-covid levels together with the increased digitisation of workflows across the sector. This should lead to the emergence of a number of scaled platform assets over the next few years.

M&A and financing activity in the sector has also been increasing with recent notable transactions in 2024 including Potentia’s sale of Newbook to Storable & Advent’s acquisition of RMS cloud.

Blackpeak believes that investment activity across the sector in ANZ will remain elevated over the next few years as strategic acquirers and financial sponsors look to deploy capital into fast growing, scaled assets in the region.

Blackpeak Travel Tech Update_August 24 redacted

For more information contact:

Scott Colvin

+61 416 335 455

scott.colvin@blackpeakcapital.com.au  

Categories: Blackpeak Insights

Blackpeak Insights: ANZ Construction Tech market update

Blackpeak are pleased to release a market update on the ANZ Construction Tech market which includes global Construction Tech valuation benchmarking, recent ANZ M&A and financing transactions as well as a summary of key platform assets in ANZ.

Construction Technology is a software vertical in ANZ that has attracted increasing attention in recent years with notable transactions in 2024 including the sale of Payapps to Autodesk and Hammertech’s recent financing with Riverwood Capital.

Technology adoption across the industry continues to increase driven by digitisation of workflows, enhanced project management and procurement practices, health and safety compliance, and a greater use of data and analytics.

Blackpeak Construction Technology Update_Redacted

For more information contact:

Scott Colvin

+61 416 335 455

scott.colvin@blackpeakcapital.com.au  

Categories: Blackpeak Insights

Blackpeak Insights: ANZ Edtech market update

Blackpeak are pleased to release a market update on the ANZ EdTech market update which includes key trends on M&A and financings as well as a market map and profiles of participants across early learning, K-12, Higher & Vocational Education and Corporate Learning.

Education Technology is a highly fragmented market in Australia. Despite the emergence of several large, scaled assets, there are a growing number of companies (often smaller but high growth) operating across the broader education technology ecosystem.

Technology adoption across the education sector has been increasing in recent times and we see this trend continuing as schools, educational institutions and corporates alike look to digitise their administration workflows, learning content and assessments.

Blackpeak EdTech market update December-2023

For more information contact:

Scott Colvin

+61 416 335 455

scott.colvin@blackpeakcapital.com.au  

Categories: Blackpeak Insights

Blackpeak Insights: ANZ HR Software/ SaaS sector

Blackpeak are pleased to present a market update on the ANZ HR Software sector which includes key trends on M&A and financings as well as a market map on industry participants.

Industry consolidation has been increasing within the HR Software sector in recent years as vendors seek to add scale and product capability to capitalise on a large and growing TAM.

Given its complexity, a payroll offering is increasingly becoming a point of difference amongst vendors with few independent cloud native payroll vendors of scale remaining in the market.

Blackpeak HR Software sector report November 2023

For more information contact:

Scott Colvin

+61 416 335 455

scott.colvin@blackpeakcapital.com.au