The banking crisis of 2008-2009 was a tumultuous time for the global economy. As a result, many businesses had to make difficult decisions in order to survive. One of the most significant decisions that were made during this time was the decision to invest in software-as-a-service (SaaS) companies. This decision has paid off in a big way, as the SaaS market has grown exponentially since then.
In particular, three companies have seen a huge amount of success from their investments during the banking crisis: Qualtrics, Cvent, and Momentive. All three of these companies have been involved in multi-billion dollar mergers and acquisitions (M&A) deals since then.
Qualtrics is a SaaS company that provides customer experience management solutions. In 2012, it was acquired by SAP for $8 billion. This acquisition was the largest ever for a SaaS company at the time and it has allowed Qualtrics to expand its reach and become a leader in the customer experience management market.
Cvent is another SaaS company that provides event management solutions. In 2016, it was acquired by Vista Equity Partners for $1.65 billion. This acquisition has allowed Cvent to become a leader in the event management market and expand its services to more customers.
Finally, Momentive is a SaaS company that provides enterprise resource planning solutions. In 2018, it was acquired by Blackstone Group for $3.2 billion. This acquisition has allowed Momentive to become a leader in the enterprise resource planning market and expand its services to more customers.
Overall, these three companies have seen tremendous success from their investments during the banking crisis. The multi-billion dollar M&A deals that they have been involved in have allowed them to become leaders in their respective markets and expand their services to more customers. This is a testament to the power of investing in SaaS companies during difficult economic times and shows that these investments can pay off in a big way.
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