Why we bet Acunu would be a high value M&A target

Why we bet Acunu would be a high value M&A target

It has been belatedly reported that Apple acquired Acunu for its big data analytics technology. Magister is pleased to have advised the board of Acunu Ltd.

One of the major themes we have pursued at Magister is big data infrastructure and analytics.  Needless to say, despite the number of companies positioned as ‘big data’, actual leaders in the space are few and far between, all the more so in Europe.

However, Acunu stood out: recognised leadership (#2 in the world for Cassandra commercialisation), world-class technologists and pedigree (with a plethora of PhDs from top computer science universities), and deep technical insights to solve hard problems in an important technology.

Of course, special companies require a special approach, and in this case the approach was pizza.  For an investment bank we are unusually focused on underlying technology and connected with Acunu founder Tim Moreton at a London Big Data Meetup where he was explaining a novel approach to real-time analytics on Cassandra.  The pizza was o.k. – the technology exceptional.

Following our successes with other ‘deep technology’ exits we were confident that, despite the commercial challenges of scaling such a company in Europe, the company would become strategic in a short period of time.

Needless to say, we are very happy to have been proven right.

Congratulations to the full Acunu team and investors.

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Apple’s Watch is the latest in a long line of breakthrough ‘over the top’ technologies that reshape the valuation of the tech industry

Apple’s Watch is the latest in a long line of breakthrough ‘over the top’ technologies that reshape the valuation of the tech industry

Technology breakthroughs often focus on new operating systems, devices, or major semiconductor developments. But one of the most significant, yet under-reported, trends is for technology companies to ‘leapfrog’ each other with ‘over-the-top’ (OTT) technologies. It is this trend that often defines the battle for supremacy in the technology industry.

Technology goes ‘over-the-top’ when deployed on top of existing hardware and software, coming a key step closer to the end user. Because this new technology then controls the user experience, and grabs mind-share, it renders the technologies below it far less valuable, and in time, turns them into mere commodities.
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Apple, Oracle are the “Gold Standard” in Tech M&A; 5 mistakes the others make

Apple, Oracle are the “Gold Standard” in Tech M&A; 5 mistakes the others make

Apple, Oracle are the “Gold Standard” in Tech M&A; 5 mistakes the others make

We’ve dealt with hundreds of tech buyers over 25 years. Apple and Oracle are head and shoulders above the rest, for the thorough, discreet, structured, and efficient way they execute a large number of deals each year.

What are the most common mistakes other large tech buyers make (repeatedly)? Our top 5 list:

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World Number One Carrier Billing Company Created

World Number One Carrier Billing Company Created

World number one carrier billing company created

We break our tradition of not publicizing our client work to congratulate the leadership of both Boku and mopay AG on today combining to create the world leader; Magister advised mopay on the transaction.  We don’t often get to work on a deal which creates a real world market leader, reaching 5 billion mobile users in 80+ countries.

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Perception minus reality equals value

Perception minus reality equals value

Perception minus reality equals value

How can a fast-growth tech company get sold for $1 billion+ before their 100th employee, or even their first $ of profit?

It’s not the thick smoke in the air in Silicon Valley.

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Unchartered waters for the AdTech M&A wave

Unchartered waters for the AdTech M&A wave

RocketFuel’s announced acquisition of [x+1] is the first major combination of two significant, independent AdTech companies in the current M&A wave, combining a leading DSP and DMP to create a more holistic (and more SaaS-like) platform.

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AdTech on a M&A Wave

AdTech on a M&A Wave

$2bn of AdTech M&A Since February, with Enterprise Buyers In the Middle of the Froth

AdTech M&A has finally started surging in 2014, with over $2bn of M&A deals since February. Functional specialists providing specific capabilities are in high demand, while more general networks are being left behind, according to new Magister Advisors research.

Enterprise buyers have featured prominently in 2014 with Oracle, SAP and dunnhumby (a subsidiary of Tesco) all driving the pace of AdTech consolidation. In fact over the past 2-3 years the top enterprise vendors have spent 4 times as much on MarTech & AdTech acquisitions as the internet “majors.”

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Dilution (Really) Doesn’t Matter

Dilution (Really) Doesn’t Matter

Dilution (Really) Doesn’t Matter

Most founders contemplating a large €20m+ investment round immediately calculate their percentage ownership ‘post-dilution’ (meaning what they owned immediately before the funding round, versus what they own the second after it closes).

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Suarez To Barcelona: A Deal Structuring Lesson

Suarez To Barcelona: A Deal Structuring Lesson

Suarez To Barcelona: A Deal Structuring Lesson

Let’s imagine Liverpool’s sale of Luis Suarez for £75m to Barcelona as an M&A deal that needs careful structuring. Without knowing the real deal terms, here’s how we think it should have been structured.

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Magister Advisors LLP is an appointed representative of Magister Capital Ltd. which is authorised and regulated by the Financial Conduct Authority.