916: Maximizing M&A Speed to Value | Michael Cox, CFO, IRIS Software Group
CFO Michael Cox says that it was near the end of 2022 when the IRIS Software Group began to realize that the guiding philosophy that had motivated and incentivized the UK-based software company to complete 30 acquisitions within 6 years needed an upgrade.
Cox tells us that the IRIS management team was discussing the business cases for yet more acquisitions when the group began to banter about the same deal-making “multiples” that had successfully guided the company prior to the pandemic.
“I was sitting there thinking, ‘Hang on a minute! These multiples would have us potentially spending as…
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