2 weeks ago
3
Nov 5, 2024
In this episode of the Tech M&A Podcast, Corum speaks with Ashley Moore, former CEO of Spatialest, a GIS-based SaaS company. They discuss Ashley's journey from being a non-executive director to CEO, the challenges of operating a Northern Ireland company with US customers, and the decision to engage Corum for the M&A process. Ashley shares insights on life after selling the business, the importance of being prepared for the due diligence process, and offers advice for CEOs considering an exit strategy.
00:00Introduction to Tech M&A Podcast
00:35The Journey of Spatialist
02:55Choosing Coram for the M&A Process
04:46Life After Selling a Business
05:42Advice for CEOs Considering M&A
06:11Final Words of Wisdom
Takeaways:
- Ashley transitioned from non-executive director to CEO of Spatialest.
- Spatialist focused on software for local government in the US.
- The company originated from a university research project.
- Choosing Corum was crucial due to lack of time and expertise.
- Market changes prompted the need for a strategic exit.
- Life after selling includes more personal time and new opportunities.
- Preparation is key for a successful M&A process.
- Understanding market dynamics is essential for CEOs.
- Diligence processes can expose weaknesses in company operations.
- Confidence and perseverance are vital in business.