Technology Platform Companies Include More Than The Usual Suspects
Technology platform companies include more than Alphabet, Amazon, Apple, Facebook and Microsoft. We contemplate a few FinTech platform companies below.
PayPal (ticker: PYPL): A “Payments” platform company that re-invented itself by acquiring another payments company – Venmo – that was built on top of another platform company – Facebook. The architect that drove PYPL’s strategy – former iPay CEO, former Braintree CEO, former Venmo CEO, former PayPal COO – Bill Ready – is now Google’s President of Commerce & Payments. Who is piloting the aircraft matters.
S&P Global (ticker: SPGI): The IHS Markit acquisition is probably the best acquisition that S&P has made. If there ever was a “platform” company for the Oil & Gas, Energy industry, it is the former IHS business. Jerre Stead is the architect of the former IHS business as well as the dealmaker behind its eventual combination with Markit.
Square (ticker: SQ): Thanks to Jack Dorsey Square is one of the most innovative Payments companies, certainly far more so than PYPL. Again, leadership matters, especially in the CEO suite.
SS&C Technologies (ticker: SSNC):Bill Stone has led this Platform company since its founding. SS&C is the leader across many areas of the Investment Technology landscape, perhaps none more prevalent than its leadership position in the Alternatives space where SS&C had $2.15 Trillion of AUA as of the end of the 2nd Quarter. Read our recent TEK2day Spotlight report to learn more about SS&C Technologies HERE.