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About this episode
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.
Hosts & guests
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