Launches the M&A Action Plan to prepare Indian software product companies for international acquisitions
INDIA, Bangalore, October 10, 2013– The Indian Software Products Industry Roundtable (iSPIRT), India’s first software product think-tank, today announced Signal Hill, a leading independent advisory boutique serving the M&A and private capital raising needs of growth companies, as its first investment banking partner for the M&A Connect Program in India.
iSPIRT’s M&A Connect Program is dedicated to facilitating and expediting the cross-border M&A process for Indian software product companies. iSPIRT also launched its M&A Connect Action plan 2.0 that focuses on facilitating discovery, promoting readiness and building the M&A ecosystem.
As Indian software product companies begin to mature and build scale, it becomes critical for them to gain access to potential business partners and buyers. According to leading research and advisory firm Zinnov, there are more than 3,700 software product companies in India today addressing technology requirements across both the enterprise and consumer segments.
"In Silicon Valley, companies buy firms that create new technologies that fill gaps in their portfolio or to expand into newer areas. Such M&A could bring meaningful exits to Indian product startups and spur investment as well as entrepreneurial activities. Since technology buyers are predominantly based in the US, we are trying to create a bridge between them and Indian product startups through this unique initiative," said Jay Pullur, CEO of Pramati Technologies who is leading iSPIRT’s M&A initiative.
Signal Hill has the unique distinction of having a strong presence in Silicon Valley and in India, with a 70-plus investment banking team working specifically on Technology & Software M&A. Since 2012, Signal Hill has completed more than 50 transactions with leading companies.
"Signal Hill brings deep expertise to the process of selling companies and is well-networked with key strategic buyers in North America and Europe. We look forward to working with them to help Indian product start-ups find successful partners,” said Sanat Rao, M&A advisor for iSPIRT.
“We're honored to have been chosen by iSPIRT as their investment banking partner,” said Ira Cohen, Managing Director and Chairman of Signal Hill India. “iSPIRT is a visionary think-tank with a clear focus to help Indian entrepreneurs build best-in-class software technology companies. We are excited to work with iSPIRT to help Indian software entrepreneurs achieve the Greater Outcomes® that we are known for.”
Details of the M&A Connect Action Plan are available at: http://productnation.in/action-plan-for-increasing-ma-opportunities-for-indian-product-startups/
iSPIRT is a think-tank focused on transforming India into a hub for new generation software products. iSPIRT constitutes a 30 member Founders Circle comprising leadership from the Indian software product industry. iSPIRT has three major initiatives under its canvas – M&A Connect, The Software Adoption Initiative (SAI) and Government Policy Programs. ProductNation, a brand of iSPIRT, is a platform to nurture and grow the Indian startup product ecosystem. It seeks to inform, educate, and initiate dialogues among key ecosystem participants. For more information, visit www.ispirt.in
About Signal Hill
Signal Hill is a leading independent advisory boutique serving the M&A and private capital raising needs of growth companies. Signal Hill's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Software, Internet & Digital Media, Internet Infrastructure and Services. With over 600 completed transactions and offices in Baltimore, Bangalore, Boston, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes®. For more information visit www.signalhill.com.
iSPIRT announces Signal Hill as its first Investment Banking partner for its M&A Connect Program