Operating at the Intersection of Technology and the Capital Markets
Category: Fintech
We had a conversation with Ken Bisconti and Bob Petrocchi who together co-lead Intralinks, an SS&C Technologies (tkr: SSNC) company. Intralinks is perhaps best known for its Virtual Data Room offering - "VDRPro" - part of a larger product portfolio that customers primarily use to securely manage M&A and related transactions. We covered a variety … Continue reading TEK2day Podcast #419: Guests Ken Bisconti and Bob Petrocchi – Co-Heads SS&C Intralinks
Both Amex (AXP) and PayPal (PYPL) are disadvantaged by legacy systems. This is not news to anyone who has worked with Amex or PayPal as a service provider. Management of each company is likely to continue to sweep the problem under the rug out of fear of disappointing Wall Street in the near-term (it is … Continue reading Legacy Technology Is Dragging On Amex & PayPal
Earlier this week Broadridge (BR) agreed to acquire trading platform Itiviti for $2.5 Billion in an all cash deal from PE firm Nordic Capital. This demonstrates that growth is valued at a premium as it values Itiviti at approximately 34x 2020 Non-GAAP Operating Income and 10x 2020 Revenue. Itiviti is growing organic revenues faster than … Continue reading Broadridge’s Acquisition of Itiviti. Nothing Is Cheap.
A digital currency world is coming. The 2022 Beijing Olympics will operate via a digital RMB for local attendees and may include digital cross-border payments as well. Our Federal Reserve is experimenting with digital currency. Both Fed Chair Powell and Treasury Secretary Yellen have talked down Bitcoin and said the U.S. will move slowly with … Continue reading Square, PayPal, and Apple Will Dominate A Digital Currency World
The SEC Needs To Step Up Its Enforcement Game. Political Pressure Is Focused Elsewhere. Private, decentralized messaging platforms where user IDs are not tied to real world identities make it possible for public company executives to discretely disclose non-public information with select investors. Discord is one such example. It will be interesting to observe the … Continue reading Technology Is Running Circles Around Financial Regulators
Rising yields will slow debt-funded M&A activity. We expect the pace of Technology M&A to slow as companies review M&A pipelines and landscapes, alternative M&A deal structures and alternative capital allocation choices in the face of rising Treasury yields. Technology valuations are near an all-time high. A fresh $1.9 Trillion print could send equity valuations … Continue reading Rising Yields Will Slow M&A Activity
We are introducing CEORater's initial CEO Risk Report ("CRR") which may be accessed at the end of this note. (Readers who access this note via email will be required to click the "read more" button in order to access the report). CEORater's CRR details companies and CEOs that CEORater believes carry elevated risk, primarily within … Continue reading CEORater CEO Risk ReportPremium
We compared Product Development/ Research & Development investment as a Percentage of Revenue for 20 Technology companies across a variety of subsectors. Our comparison focused on the December quarter. Click HERE to download the table as a PDF. Tickers mentioned: AAPL ADBE ADSK AMZN CRM CSGP FB GOOG IBM ICE MSFT NFLX ORCL PYPL SHOP … Continue reading We Compared Product Development Investment for 20 Tech Companies
"Be careful with me, I'm fragile. I'm easily broken." So go the lyrics to "Trip My Wire", but those words could just as easily describe the frail legacy technology infrastructure that underpins so many commercial processes from home and auto titling to financial trading systems, digital health records, government databases, customer databases and so on. … Continue reading A Better Tripwire Is Not The Answer
Blockchain and a central bank digital currency are two key Fintech areas where the U.S. lags China. Last week we wrote that Distributed Ledger Technologies ("DLT") such as Blockchain are a ripe opportunity for a Public-Private Partnership should the Biden Administration move forward with an infrastructure investment plan later this year or early 2022. Some … Continue reading The U.S. Lags China In Key Fintech Areas
