Pacific Crest Releases Top Tech Industry Insights from 2015 Emerging Technology Summit
April 06 2015 - 9:45AM
Business Wire
Pacific Crest Securities, the premier investment bank for
technology, held its 10th Emerging Technology Summit in San
Francisco on March 3-4. The investment bank hosted more than 1,100
participants at the conference, including executives from more than
250 public and private technology companies and 500 investment
professionals from industry-leading venture capital, private
equity, mutual and hedge funds.
Pacific Crest’s team captured insights from technology thought
leaders and reports the following emerging trends will transform
the competitive landscape for several tech sectors, including
Security & Data Analytics, SaaS, Cloud Infrastructure and
Consumer, Internet & Digital, through the next several
years.
- Private companies in Security Software
& Data Analytics will continue to experience triple-digit
growth due to high-profile breaches and the willingness from
enterprises to invest in security infrastructure.
- The SaaS space will experience a
continued infrastructure shift from software-defined to
developer-defined.
- CIOs are increasingly willing to move
mission-critical applications to the cloud.
- New e-commerce companies are avoiding
Amazon and finding unique ways to partner with traditional
retailers to create compelling experiences and gain customers.
“The landscape of the technology industry is always shifting,
but lately we’ve seen even greater volatility than usual as
established players are increasingly under siege from disruptive,
well-funded startups,” said Scott Sandbo, chairman and chief
executive officer of Pacific Crest Securities. “We were excited to
expand the roster for this year’s event to include even more
disruptive, growing private and public companies that are defining
new delivery models into traditional industries and connecting them
with the investor community.”
The results of Pacific Crest’s exclusive Annual SaaS survey were
also released at this year’s event. Among the survey findings are
an expected significant increase in IT spend in the coming year;
and market share gain by traditional top vendor incumbents (such as
MSFT, Oracle) after being taken on by new comers (including
Brightcove, Netsuite) in the past few years.
“Our annual Emerging Technology conference brings together the
next wave of private companies in the fastest growing sectors of
technology, and serves as a ‘pre-IPO’ showcase of who will impact
the markets in the near future,” said Terry Schallich, co-COO and
co-head of Investment Banking. "Last year, 75 percent of our
clients were software deals and the majority of those were cloud
applications or infrastructure deals. Based on conversations at
this year’s event, we expect that level of dealflow to continue or
grow in 2015.”
For more information on Pacific Crest’s exclusive SaaS CFO
Survey, click here.
About Pacific Crest
Securities
Pacific Crest Securities is the premier investment bank for
technology, operating at the leading edge, where global
connectivity is fueling an unprecedented expansion cycle. The firm
applies its knowledge of the drivers of value creation and its
global network of relationships to technology’s high-growth
sectors, such as global Internet, mobility, software as a service,
cloud and big data, next-generation infrastructure, and energy and
industrial technology. As a result, Pacific Crest’s clients –
technology’s foremost institutional investors and market-leading
companies – rely on it to achieve superior returns and gain
competitive advantage from the seismic shifts occurring in
technology.
Pacific Crest is a subsidiary of KeyCorp (NYSE: KEY) and has 140
employees headquartered in the United States, with offices in
Boston, New York, Portland, San Francisco and Stamford, along with
a Representative Office in Beijing and Pacific Crest Securities UK,
Ltd.
Learn more at www.pacific-crest.com or follow
on Twitter @PacCrestSec.
LANE (for Pacific Crest Securities)Jeff Segvich,
503-546-7870jeff@lanepr.com
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