Brightpearl has a pipeline of 12 breakeven acquisition targets
Derek O'Carroll · Brightpearl $33m Raised, $105m Valuation, $18m Revenue, Targeting $25m by EOY · Feb 25, 2021 · at 17:10
Brightpearl CEO Derek O'Carroll explains the company's M&A criteria and inorganic expansion strategy following its $33 million funding round.
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“So the criteria is pretty simple. So technical only. So companies that have really good product, but not necessarily the cost of anything else. So engineering teams. I'm looking for a breakeven profile. They can't be burning cash. Preferably I'd like pre-configured proof of working with my platform and adding value to the customers. And then the last one is skills. I'm looking for people who've got the skills in these acquisitions that I need to execute in the future. So I've got that filter, got about 12 candidates, and we're just going through them, looking for value and deploying that capital in, in a way that keeps my new investors happy.”
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