Yesterday it was widely announced that a private equity firm, Advent International, has reached an agreement with UNIT4 to buy out all UNIT4 shares and take the vendor private. As Reuters noted, this move would help the Dutch company "speed up expansion without the pressures of being listed on the stock market."
I have a few thoughts on the subject.
First, any public company typically
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market is a positive change overall. Second, in general any company's transformation, whether it is an acquisition, merger, or separation, is potentially a huge shakeout for the business. This is doubly disturbing in the software business, which has an incredible sensitivity to even minor strategy changes as customers are in a deep dependency relationship with business software vendors. Hopefully, this won’t be the case with UNIT4, as both the vendor and the investor intend to continue to support the