We began 2023 cautiously. The first half of this year proved to be challenging with war, high inflation and interest rates, limited access to new investment funds, and even bank failures. The world of enterprise communications was already caught up in post-pandemic adjustments and was attempting to ascertain the disruptive potential of generative AI.
Although 2023 didn’t have any eye-popping comms-related mergers and acquisitions, they are coming soon. In 2023 it was mostly mid-market deals. The questionable economic outlook created M&A opportunities for both buyers and sellers. The buyers were looking to solidify their portfolio or staffing gaps, and the sellers were looking to monetize less strategic assets while streamlining their portfolio.
