Enterprise SaaS, cybersecurity, cloud and infrastructure, developer platforms, semiconductors, and deep tech — advisory calibrated to the businesses that scale on software economics and the businesses whose physical layer is the constraint.
Technology is not a single market. Software, infrastructure, security, and silicon each have distinct capital dynamics, buyer sets, and exit paths. The firm's coverage extends across the stack with calibration to each.
Horizontal and vertical SaaS, applied AI software, workflow platforms, embedded software in industry verticals.
Identity, endpoint, network, cloud security, data security, security operations, threat intelligence, regulated-industry security.
Hyperscale-adjacent infrastructure, data infrastructure, observability, networking, compute-and-storage platforms.
Developer tools, APIs and middleware, build-and-deploy infrastructure, open-source-commercial platforms.
Logic, memory, analog, RF, advanced packaging, semiconductor capital equipment, EDA and IP — engaged with CFIUS counsel.
Quantum, advanced robotics, novel computing architectures, biotech-adjacent technology, defense-relevant deep tech.
Software businesses whose moat is replicable by an AI-native competitor have re-rated. The implication for boards is that the strategic-alternatives conversation has compressed — the optionality available at higher multiples three years ago is narrower today.
The largest technology platforms — and the second tier behind them — have re-engaged on M&A after a fallow 2022–2023. The buyer set on a well-positioned technology asset is wider in 2026 than it was eighteen months ago. The financial-sponsor bid remains active and competitive.
The combination of CFIUS, the Outbound Investment Security Program, export controls, and CHIPS Act Guardrails has changed what cross-border semiconductor transactions look like. The realistic signing-to-closing window has widened materially.
Buyers and customers both prefer platforms over point products. The mid-cap independent security vendor faces the choice between joining a platform, building one, or accepting a narrower exit set. The strategic conversation begins earlier than the operator typically expects.
Profitable growth, durable retention, and a defensible AI posture pass the equity-story test in 2026. Growth-at-any-cost stories do not. The twenty-four-month preparation runway is calibrated to those characteristics — see the IPO Readiness perspective.
These are archetypes drawn from partners' experience and the firm's coverage discipline. Each describes a typical client situation; specific outcomes vary. The firm does not publish named engagements.
The mandate is to define the right buyer set — strategic consolidators, sponsor-backed platforms, public technology acquirers — and to run a controlled process that respects employees and customers as well as the cap table.
The conversation covers the equity story, the finance organization, the audit readiness, and the dual-track posture in case the sale alternative becomes attractive at a credible price during preparation.
The CFIUS analysis is gating. The structure is designed to survive review on the merits. The firm runs the commercial side in coordination with named regulatory counsel; timelines reflect the reality of multi-jurisdiction review.