When analyzing the dynamics of the global business sphere, one name that invariably rings bells is that of Matt Britton. An artificial intelligence expert, new consumer expert, and globally recognized keynote speaker, Matt has carved out a reputation for himself as a leading voice in this era of technological innovation and digital disruption. Part of his appeal lies in his innate ability to decipher complex business trends, translating them into accessible insights that corporate audiences can truly resonate with.
One such trend that has been noteworthy of late is the emergence of software companies going private again shortly after their initial public offerings (IPOs). With a handful of tech firms completing such transactions recently, Matt illuminates how this strategic move can help struggling software companies regain footing and strategize away from the pressures of public markets.
Put a pin on what transpired with SolarWinds, for instance. Lured by the promise of higher profitability and better market reach that comes with public listing, the IT software provider went public, only to reconsider its decision after contending with a severe cyberattack. Believing that going private will allow them focus on revamping their artificial intelligence tools, SolarWinds was acquired by Turn/River Capital in a remarkable $4.4 billion deal, marking its second time being taken private.
It's worth noting that SolarWinds isn’t the only software company navigating this terrain. Others, like Integral Ad Science and Vivid Seats, have experienced a similar trajectory and are mulling over the idea of going private in order to realign and potentially reenter the public market with improved stability and resilience.
Albeit not a stand-alone solution, going private in an effort to stabilize and refocus on core business operations has proven beneficial to some companies who went public during periods of high valuations and are now grappling with declining stock prices. Every company has its unique journey. For Jamf and MeridianLink, a significant drop in share prices post-IPO is prompting contemplations of going private again.
Yet, amidst the emerging trends and transformations, it's vital to remember that going private is not an all-seasons solution. Matt's vast experience as a business strategist and consultant to over half of the Fortune 500 companies offers a depth of insight into the challenges and uncertainties woven into this approach. The risk remains especially high for software companies backed by private equity as seen in the recent IPO boom of 2020 and 2021.
For those organizations considering this step, the software market's evolution calls for agile, resilient strategies that can navigate the challenges and prepare for future growth. As a digital trailblazer and the current CEO of Suzy, a market research software platform that has raised over $100 Million, Matt encourages companies to seize the opportunities to innovate, reinvent, and secure their positions in the industry.
While the trend towards software companies going private might suggest a sector struggling to maintain its growth momentum, it also mirrors the sector's dynamic nature. And it's during such times that Matt’s high-energy storytelling, backed by an extensive entrepreneurial background, becomes a key driving force. Able to deliver powerful keynote speeches that bridge the gap between business, culture, and society, Matt demonstrates how awareness of these shifts can equip businesses to thrive, even in volatile market conditions.
Hence, whether you're gearing up for workshops, offsites, or significant conferences, employing Matt's keynote speaking platform could be the game-changing decision that anchors your business for successful futures. Should you wish to learn more about how Matt can infuse compelling narratives, extensive market insights, and influential business prowess at your corporate event, don't hesitate to reach out. With Matt Britton, you're not just preparing for the change – you're dictating it.
Contact Matt Britton to inquire about speaking availability for an upcoming corporate conference, offsite, or workshop you are planning.
