Technology & Digital

We work with software, SaaS, digital platforms, and technology-enabled businesses where intangibles, scalability, and rapid change shape value. Our analysis considers recurring revenue, customer economics, network effects, intellectual property, and the pace of technological change.

Understanding Value in Technology Businesses

Technology and digital businesses can have economic characteristics that differ materially from traditional asset-heavy businesses. Intangibles, recurring revenue, customer relationships, intellectual property, and network effects can play a central role in determining future economic performance.

We work with software, SaaS, digital platforms, and technology-enabled businesses across transactions, reporting, restructuring, and disputes. Our analysis considers the commercial model alongside the intrinsic revenue and operating drivers.

Particular attention is given to the economics underlying growth — including retention, expansion, scalability, customer acquisition, investment requirements, and the pace of technological change.

What Can Influence Value?

Technology businesses are often influenced by a combination of financial performance, customer behaviour, competitive conditions, intellectual property, and technological change.

Recurring Revenue & Unit Economics

Retention, expansion, and customer acquisition economics can influence the quality and durability of revenue and therefore prospects for future cash flows.

Scalability & Profitability

Growth needs to be considered alongside operating leverage, pricing, investment requirements, and the path to profitability.

Obsolescence & Competition

Technological change, competitive intensity, and regulatory exposure can affect the sustainability of future economic performance.

Intellectual Property & R&D

Intellectual property, R&D, and platform investment can be important to the economic value of technology businesses and should be reflected appropriately in financial models.

Technology Businesses Across Different Models

Different technology business models generate value through different combinations of customers, intellectual property, platforms, distribution, and recurring economics.

Software & SaaS

Cloud-based and licensed software businesses where retention, expansion, margins, and recurring revenue shape value.

Digital Platforms & Marketplaces

Multi-sided platforms where network effects, take rates, liquidity, and user engagement influence economics.

Technology-Enabled Services

IT services, analytics, and digital transformation businesses with project, managed-service, or recurring revenue.

Media & Content

Digital media, content libraries, and distribution models where intellectual property and audience determine cash flows.

Technology & Digital Insights

Selected observations examining the valuation issues affecting technology and digital businesses.

No publications are currently available for this sector.

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Discuss a Requirement

If you are considering a valuation assignment involving a technology, software, SaaS, digital platform, or technology-enabled business, we would be pleased to understand the requirement.