In this episode of the Tech M&A Podcast, Corum speaks with Ashley Moore, former CEO of Spatialest, a GIS-based SaaS company. They discuss Ashley's journey from being a non-executive director to CEO, the challenges of operating a Northern Ireland company with US customers, and the decision to engage Corum for the M&A process. Ashley shares insights on life after selling the business, the importance of being prepared for the due diligence process, and offers advice for CEOs considering an exit strategy.

 

00:00 Introduction to Tech M&A Podcast 00:35 The Journey of Spatialest 02:55 Choosing Corum for the M&A Process 04:46 Life After Selling a Business 05:42 Advice for CEOs Considering M&A 06:11 Final Words of Wisdom   Takeaways:

• Ashley transitioned from non-executive director to CEO of Spatialest.
• Spatialest focused on software for local government in the US.
• The company originated from a university research project.
• Choosing Corum was crucial due to lack of time and expertise.
• Market changes prompted the need for a strategic exit.
• Life after selling includes more personal time and new opportunities.
• Preparation is key for a successful M&A process.
• Understanding market dynamics is essential for CEOs.
• Due diligence processes can expose weaknesses in company operations.
• Confidence and perseverance are vital in business.