The Indian Software Products Industry Roundtable (iSPIRT), India’s first software product think-tank onThursday announced US based Singal Hill – a independent investment advisory firm 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 firmZinnov, 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 thatfill 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 JayPullur, CEO of Pramati Technologies who is leading iSPIRT’s M&A Connect initiative.
Signal Hill has the unique distinction of having a strong presence in Silicon Valley and in India, with a70-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 SanatRao, M&A Connect 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/