This past week Peter Brooks and I finished up some client research on the topic of Enterprise Blockchain. The fact is from a year or two of POC’s and poking around; real-world implementations are now underway. What’s interesting to us is that there are two ends to the spectrum of Enterprise Blockchain. At the one end, significant ambitious projects, like transforming entire global supply chains, and the other end, the transformation of under-appreciated but critical tasks. Oddly though, on the surface, there doesn’t seem to be much in between.
Last year we oversaw a TSG* 11 Billon billion benchmarking exercise. This week we talked with Alfresco arch-rival, Nuxeo, who has now also taken it to 11. On the one hand, we can see massive benchmarking activities as little more than techies showing off. On the other hand, and it will come as a surprise to some, today’s repositories of documents are sometimes counted in multiple billions.
The price has not been disclosed, but off the record, estimates tell me that TH Lee has made a tidy profit on their investment and that Hyland has not overpaid. However, as always, it is essential to note that no M&A transaction is without tears. Alfresco ran a long and steady race as an independent championing open source ECM
The EFSS market is mature in that a handful of vendors now dominate. Similarly, it is mature in that the core technology foundations have stabilized, though there are differences to compare and contrast. But that does not tell the whole story, as EFSS systems continues to sell at a surprisingly fast clip.
Deep Analysis is not an M&A Brokerage, but we do network widely and actively advise senior executives, both buyers, and sellers. So I would like to think we have a good idea of what is going on behind the scenes in the Information and Process Management world. I can tell you for sure that there are personal anguish and difficulties to resolve during the pandemic. Still, the business itself is thriving, for most.
The Audit firm Deloitte has been fined 15m pounds for its role in Autonomy’s sale to HP. The fine follows the conviction of Autonomy CFO Sushavan Hussain of fraud and the recent trial of ex Autonomy CEO Mike Lynch in London’s high court, followed by his arrest and extradition request to the US. What a mess.