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
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
Speaking of value names, have you looked at Chubb (tkr: CB)? 9x EV trailing Operating Cash Flow ("OCF"), 27% OCF margins and a 13% cash flow yield. Recurring revenue, technology-infused companies like Chubb will eventually enjoy a Valuation Makeover as we wrote in June 2019. Recall that ACE acquired Chubb in 2015 for $28B and … Continue reading Have You Looked at Chubb?
Discretionary projects such as large-scale Tech Strategy engagements, large Tech Services engagements (outside of cloud migrations) and large Outsourcing deal activity continues to be pressured. End markets such as Media & Entertainment, Advertising, Travel & Hospitality, Oil & Gas, Government & Education continue to show weakness as articulated by the Technology Services firms that sell … Continue reading Large Discretionary Technology Projects Continue To Feel Pressure
Fiserv (tkr: FISV), FIS (tkr: FIS) and Global Payments (tkr: GPN) need to re-tool their product and service portfolios to better compete with modern Fintech platforms such as Square (tkr: SQ), PayPal/Venmo (tkr: PYPL), Stripe (private) and others. Tech giants Alphabet (tkr: GOOGL), Amazon (tkr: AMZN) and Apple (tkr: AAPL) also loom large in the … Continue reading What’s Next for Fiserv, FIS and Global Payments?
Robotic Process Automation ("RPA") flirted with Tech stardom in 2018 and 2019 as a number of companies in the space received significant Technology press. UiPath's recent $750 million Series F round and its lofty $35 billion post-money valuation (Alkeon Capital and Coatue led the round), points the spotlight squarely on the space once again. Read … Continue reading RPA’s Day In The Sun
A Big Tech vs. Big Government showdown is far less likely than a marriage of the titans. Whether it be Google's search monopoly, the Facebook/ Twitter/ TikTok social media oligopoly, the AWS/ Azure/ GCP oligopoly, the App Store/ Google Play duopoly, or the iOS/Android duopoly, the amount of power and influence concentrated among the world's … Continue reading The Marriage of Big Tech and Big Government
Cerner, Epic, Microsoft, Oracle, Salesforce and more will spearhead the Vaccination Passport. Tickers mentioned: AAPL, AMZN, CERN, CHNG/UNH, CRM, FB, GOOG, MSFT, ORCL, RAMP One could argue that we already have National ID cards. Our digital footprint serves as a unique identifier and is easy to aggregate using cross-device tracking technology served up by Google, … Continue reading A Vaccination Passport Is Coming. Digital Currency and A National ID Card Are Next.
AWS, Azure and GCP are to thank in large part for the proliferation of applications powered by broadly-defined AI. The big three remote server platforms have made it increasingly easy for companies of all sizes from all industries to build applications that incorporate core AI, machine learning, deep learning and related capabilities. A wide variety … Continue reading Artificial Intelligence Is Electricity 2.0
Early last week we wrote about SolarWinds and the potential for another leg to drop. SolarWinds has a long road to recovery. Cyberbreaches of that sort don't engender customer trust and often lead to significant customer churn. What other companies may be at risk of a cyberbreach? Tickers mentioned: AMZN, AVGO, CERN, EFX, EXPGF, FICO, … Continue reading SolarWinds Is One of Many Cyberbreaches to Come