The ServiceNow Partner market is one of the hottest areas for M&A in the managed services provider (MSP) sector. Due to this activity consolidation in this industry niche will continue through 2021 and beyond.
The M&A market for companies in the Salesforce Partners program is reaching a critical inflection point. Competition is growing more intense, as the number of available firms shrinks, raising already-high valuations for those that remain independent. At the same time, proposed capital gains tax hikes make it imperative for potential sellers to consider doing deals as soon as possible.
In the short 10 months since ServiceNow announced the expansion of its partner program and industry-aligned solutions in May 2020, Partners have benefited from rapid growth in the ServiceNow category. Furthermore, as most IT projects move to a virtual environment in the post-COVID-19 era, ServiceNow has emerged as the preferred IT service management (ITSM) platform for enterprise IT departments.
Based on an interview of George M. Shea, Partner and IT Team Leader, and Manan K. Shah, Managing Partner, FOCUS Investment Banking LLC
You’ve scaled and done all the hard work. Should you prepare your startup for exit? How do you know if your business is ready for a sale or acquisition? As a CEO, it’s important to have your affairs in order before putting it up to the highest bidder. From financial to operational preparation, it’s important to take your time and not take the first offer on the table.
Data masking, sometimes called de-identification, obfuscation, or redaction, is data security technology that is an ideal fit into an overall Governance, Risk Management, and Compliance (GRC) strategy. It’s an economical method for creating an inauthentic but structurally similar version of business data for use in user training or software testing, thus reducing risk. The data masked version of the data is a completely functional substitute for corporate data and protects live production data.