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Analyse

Software-as-a-Service sector report - Spring 2024: Will the early signs of tailwinds continue?

Af Kasper LihnHead of Research
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Today, we are publishing our latest Software-as-a-Service (SaaS) sector report with the headline: ‘Will the early signs of tailwinds continue?’

Looking at the recent news from the SaaS sector, there have been some tailwinds and positive comments about a potential ending of the pressure on IT budgets and the cost optimization cycle that emerged after the COVID-19 boom.

In our SaaS report from last year, we discussed that Danish-listed SaaS companies could be acquired off the stock market by private equity firms due to low valuation multiples and low share liquidity with limited access to new capital. This has played out and is covered in the report. However, we have also seen many voluntary delistings, as companies can save costs and potentially get a higher valuation on the private market which is somewhat contradictory to what we normally observe. 

Lastly, no one can escape the AI theme in the software sector. This theme is still alive, however, the first signs of monetization from the AI wave have only been seen in the leading hyperscalers.

Read more in the report about the latest developments in the global and Danish SaaS sector and get a full overview of the data set covering the Danish-listed SaaS companies, including insights into the investment case of Agillic, Impero, MapsPeople, and Penneo.

We will also host our annual virtual SaaS seminar on 11 June 2024. We will announce more about the guest speakers and attending companies over the coming period. You can already sign up here: https://www.inderes.dk/videos/saas-seminar-2024

HC Andersen Capital receives payment from the Danish-listed SaaS companies Agillic, Impero, MapsPeople, OrderYOYO, and Penneo for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 12:00, 30 April 2024.

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