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2019 is shaping up to be a blockbuster year for tech IPOs, with Slack, Pinterest, Uber and Airbnb among companies supposedly readying a listing this year

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Sector Report: Digital Media | Internet | SaaS March 2019

DIGITAL MEDIA | INTERNET| SaaS EXECUTIVE SUMMARY

  • 2940 financing transactions in 2018
  • $52.4B financing volume in 2018
  • $83.9B M&A volume in 2018
  • 90 M&A transactions in 2018
  • Notable recent digital media / internet / SaaS M&A transactions include:
    • SAP acquisition of Qualtrics (announced November 11, 2018)
    • Nexstar acquisition of Tribune Media (announced December 3, 2018)
    • Uber acquisition of Careem (announced March 26, 2019)
    • Vista Equity Partners acquisition of MINDBODY (announced December 24, 2019)
    • Morgan Stanley acquisition of Solium Capital (announced February 11, 2019)
    • Spotify acquisition of Anchor and Gimlet (announced February 6, 2019)
    • Viacom acquisition of Pluto TV (announced January 22, 2019)
    • Spark Networks acquisition of Zoosk (announced March 21, 2019)
  • IPO Pipeline:
    • Zoom (Application Software)
      • Zoom Video Communications, Inc. designs and develops a cloud-based platform that unifies video conferencing, online meetings, group messaging, and software-defined conference room solutions.
    • Pinterest (Interactive Media and Services)
      • Pinterest, Inc. provides a visual discovery tool that helps users to discover ideas for various projects and interests on the Internet. Its platform allows posting content, including photos, comments, links, news and updates, and other materials.
    • PagerDuty (Application Software)
      • PagerDuty, Inc. operates an On-Call Management platform. The Company’s platform collects signals from software-enabled systems or devices, correlates and interprets signals to identify events, and engages team members to take action in real time.
    • Lyft (Rideshare)
      • Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.
    • Alight (Application Software)
      • Alight Inc. develops cloud-based human capital solutions software. Its software includes health solutions that enable employees to enroll in and manage their medical, dental, and voluntary benefits as well as wealth solutions that provide benefit and contribution plan administration.
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