The Tech M&A Podcast

Corum Group

The Tech M&A Podcast pulls from the best of the Tech M&A Monthly webcast, hosted by Corum Group, the global leader in technology mergers and acquisitions. The podcast features special reports on sectors, buyers, trends and M&A processes, as well as panel discussions and interviews featuring both recent sellers and major tech buyers like Google, Microsoft, Salesforce and others.

  1. Sep 13

    Episode 115: Inside the Deal with Vincent Harris

    In this episode of the Tech M&A Podcast, we sit down with Vincent Harris, CEO and co-founder of RealEstateAPI, a property data infrastructure company whose APIs give software developers clean, structured data on more than 157 million US properties. Vince and his co-founder had been in business together for roughly a decade before this venture, through companies that grew and then plateaued or ran into regulatory limits. RealEstateAPI was the one they believed was sellable and they took it to market through Corum, closing a successful exit about ninety days before this conversation, after a deliberate pause and return along the way. Vince reflects on how a cold outreach from Corum deal maker Richard Holcomb and a series of educational events first introduced him to the firm, why the decision to sell came down to de-risking his family, and the surprises that followed — chief among them the cost of legal counsel and an unexpected F reorganization that reshaped the structure of the deal. He speaks candidly about how personal and adversarial due diligence can become, why he chose a buyer offering less cash upfront but considerably more upside, and how a five-month hiatus spent tightening advertising efficiency and operating leverage brought him back to market with a stronger story. Finally, Vince discusses life after the exit and the advice he would give founders who think it's too early to start. Takeaways Sell the story you have, not the one you're waiting for: Vince thought the business was too early at two and a half years in, but Richard Holcomb pointed out that a fast-growing, profitable company with a clear growth story is sellable right now. De-risking the family drove the decision: Nearly all of Vince and his co-founder's net worth was tied up in the business, and after a decade of ventures that grew and then plateaued, the timing felt right to take chips off the table. Legal costs are the surprise nobody budgets for: The fees came in well above every early estimate he received, including from banker friends, and he wishes he had researched firms and ranges more thoroughly upfront. Deal structure can matter more than cash at close: Vince turned down a higher upfront offer for a structure with more upside, backing his own belief in the business. Due diligence gets personal: The rigor was expected; the adversarial edge was not. Corum's counsel to not take it personally kept sensitive items from derailing the deal. A hiatus is a strategy, not a retreat: Offers in the spring came in below target, so Vince paused for five to six months, leaned into a high-return advertising engine and other operating leverage, and returned in August with more EBITDA and a better set of buyers. Let your people in: Vince calls selling a company the most intensely personal thing a founder will do, and advises leaning on a partner and a wider circle through a process that is slower and more frustrating than expected. Timestamps 00:00 – Introduction: Vincent Harris and RealEstateAPI 00:58 – What RealEstateAPI does: property data as Lego blocks for developers 01:42 – Discovering Corum through cold outreach and educational events 02:13 – Motivation for the process: de-risking the family 03:12 – Surprises: the cost of legal counsel and an F reorganization 04:52 – How personal and contentious due diligence became 06:08 – A bulge-bracket-grade process in the lower middle market 07:15 – What he wishes he'd known about legal costs 08:05 – Choosing the eventual acquirer 09:00 – Advice for CEOs selling their company 10:30 – Life after the sale 11:32 – Going on hiatus and returning to market 12:34 – What he focused on during the hiatus 13:11 – A stronger, more credible story on return 13:47 – Final thoughts: let your partner into the journey

  2. Aug 25

    Episode 114: Inside the Deal with Chuck Stahl

    In this episode of the Tech M&A Podcast, we sit down with Chuck Stahl, former CEO and principal owner of D4M International, a global SAP and digital manufacturing consultancy serving the automotive and industrial sectors across North America, Latin America, and Europe. After acquiring the business with a clear plan to build it over three to five years and then sell, Chuck saw that plan through to a successful exit through Corum — including a deliberate pause and return to market along the way. Chuck reflects on how a Corum webinar on valuations first introduced him to the firm, why starting the process early mattered, and the surprises that came with due diligence, negotiation, and juggling multiple parties on the buyer side. He shares candid advice for founders preparing to sell — making every decision based on building value, accepting that no business is perfect, and knowing when to pause and come back stronger. Finally, Chuck discusses life after the exit, from a more relaxed day-to-day to focusing on growing the business he built. Takeaways Plan your exit from the beginning: Chuck acquired D4M with a clear goal of building the business for three to five years and then selling, and followed that plan through to a successful exit. Education opens the door: A Corum webinar on valuations first introduced Chuck to the firm and to the idea of preparing for a sale. Start early and expect a rigorous process: Chuck was glad he began preparing well ahead of time, as due diligence involved far more data and back-and-forth than he anticipated. A company is worth what someone will pay: His biggest lesson was to put more effort into valuation discussions and research, since the market ultimately sets the price. Know when to pause: Stepping back when the timing and climate weren't right — while staying close to Corum — led to much more serious interest when he returned to market. Build value as your guiding principle: For any CEO considering a sale, Chuck advises making every decision based on building value, and being ready to shift from negotiating to getting the deal done. Life after the sale brings a lighter load: With the deal closed, Chuck is more relaxed and focused on growing revenues and profits rather than the admin burdens he carried before. Timestamps 00:00 – Introduction: Chuck Stahl and D4M International 00:47 – D4M: SAP and digital manufacturing consultancy 00:59 – Discovering Corum through a valuations webinar 01:45 – The plan: build for three to five years, then sell 02:00 – Surprises: NDAs, buyers, and a longer process 02:36 – Due diligence and outside parties on the buyer side 03:25 – The biggest lesson: valuation and what a company is worth 03:57 – Choosing the eventual acquirer 04:28 – Advice for CEOs considering a sale 04:49 – Going out to market, then taking a pause 05:35 – Returning to market with a stronger story 06:27 – Life after the sale 07:03 – Final thoughts on getting the deal done

  3. Aug 14

    Episode 113: 6 Risks of Using AI to Sell Your Software Company

    AI can be a powerful tool in business, but it is not a substitute for expert guidance when selling a software or IT company. This video explains six key risks of relying too heavily on AI in tech M&A, including outdated valuation data, generic buyer outreach, incomplete buyer intelligence, and weak strategic positioning. Selling a technology company requires current market insight, buyer relationships, compelling storytelling, confidentiality, and professional deal strategy. Learn why AI should be used responsibly as an advantage in the M&A process — not as a shortcut for one of the most important decisions a founder will make. Takeaways • AI tools can help streamline work, but they cannot run a complete M&A process. • Outdated public data can lead to poor valuation assumptions. • Generic AI-generated outreach may fail to capture buyer attention. • AI lacks private buyer intelligence, negotiation history, and relationship context. • Strong positioning depends on understanding disruptive trends and future buyer value. • Deal structure, tax issues, estate planning, and legacy goals require human expertise. • Confidential company data should be protected carefully when using AI tools.   0:00 – AI Is Not a Shortcut for Tech M&A Why founders should be cautious about using AI to sell a software or IT company. 0:49 – Six AI Risks in the Sale Process The core cautions around AI-generated valuation, research, buyer lists, and deal support. 1:00 – Data Quality and Buyer Messaging Why current market data and human storytelling are critical to price discovery. 2:16 – Buyer Intelligence and Strategic Positioning How relationships, deal behavior, disruptive trends, and future value shape outcomes. 3:15 – Personal Planning, Security, and Expert Execution Why complex deal decisions and confidential information require professional guidance.

    Episode 113: 6 Risks of Using AI to Sell Your Software Company
  4. Aug 14

    Episode 111: Tech M&A's New Golden Era: Why Mega Deals, AI, and Private Equity Are Fueling Acquisitions

    The tech M&A market may be entering a new golden era, driven by mega deals, AI disruption, massive tech balance sheets, and record levels of private equity capital. As technology moves faster and competition intensifies, the world's largest buyers are increasingly using acquisitions to buy growth, innovation, market position, and strategic advantage. For tech CEOs, founders, and shareholders, this creates a powerful market opportunity. With more active buyers, more acquisition currency, and a wave of founders preparing for succession or exit, today's environment may be one of the strongest windows to consider selling a technology company. Key Takeaways • Mega deals are setting the tone for the broader tech M&A market. • The largest technology companies are increasingly using acquisitions to sustain growth. • AI is accelerating competition and forcing strategic buyers to move faster.  • Tech giants now have unprecedented market value, stock currency, and cash available for acquisitions. • Large acquisitions often create chain reactions as competitors respond. • Private equity firms have trillions in capital they need to deploy. • A founder succession crisis is increasing the number of companies preparing to sell. • Cross-border M&A activity continues to expand as technology becomes more global. • For technology CEOs, founders, and shareholders, the current market may represent one of the strongest exit environments in history.   0:00 – Why Tech M&A Is Heating Up Mega deals, AI disruption, and massive tech balance sheets are setting the stage for a new acquisition cycle. 0:55 – Today's Tech Giants vs. the Dot-Com Era A look at how today's trillion-dollar companies dwarf the market leaders of 2000. 2:00 – Why Big Tech Is Buying Growth Strategic buyers are using acquisitions to gain innovation, market position, and competitive advantage. 2:47 – Mega Deals, Private Equity, and Buyer Demand Record deal activity, more acquisition capital, and thousands of active buyers are fueling the market. 3:46 – Why Founders May Have a Window to Sell A founder succession crisis, global buyer demand, and strong market conditions are creating exit opportunities.

  5. Jul 24

    Episode 110: Inside the Deal with Steve Wargalla

    In this episode of the Tech M&A Podcast, we sit down with Steve Wargalla, Managing Director of QSTRAT, a supply chain software company that provides quoting and sourcing solutions for manufacturing and distribution businesses. After acquiring QSTRAT in 2016 with a clear five-year exit strategy, Steve spent nearly eight years growing the company before successfully selling it through Corum. Steve reflects on how attending one of Corum's educational seminars first introduced him to the firm, why having a structured M&A process made all the difference compared to his previous company sale, and the lessons he learned from planning an exit years in advance. He also shares practical advice for founders preparing to sell, emphasizing the importance of education, surrounding yourself with experienced advisors, and recognizing that building a successful company requires a very different skill set than selling one. Finally, Steve discusses life after the exit, from embracing new personal challenges to rediscovering interests outside of business. Takeaways Plan your exit from the beginning: Steve acquired QSTRAT in 2016 with a long-term goal of selling the company, ultimately achieving that exit after nearly eight years. Education opens the door: Attending Corum's AI and M&A seminars provided valuable insight into the acquisition process long before the transaction began. Experience changes everything: Having previously sold a business, Steve saw firsthand how a structured, advisor-led process produced a far stronger outcome than navigating a sale alone. Structure builds confidence: Corum's disciplined, repeatable approach gave Steve confidence throughout the transaction and kept the process organized from start to finish. Founders shouldn't go it alone: Most software CEOs are experts at building companies—not selling them. Steve stresses the importance of learning the process and hiring experienced M&A advisors. The right team creates better outcomes: Drawing on the expertise of dozens of experienced dealmakers helped strengthen the company's positioning and presentation to buyers. Life after the sale brings new opportunities: With his consulting agreement ending, Steve looks forward to exploring new interests, spending more time on hobbies, and discovering what comes next beyond business. Timestamps 00:00 – Introduction: Steve Wargalla and QSTRAT 00:45 – QSTRAT: supply chain software for manufacturers and distributors 01:00 – Discovering Corum through AI and M&A seminars 01:28 – Planning an exit: the original five-year strategy 01:59 – Life after selling the business 02:29 – Comparing a first company sale with the Corum process 03:04 – Why Corum's structured approach stood out 03:42 – Advice for software CEOs preparing to sell 04:21 – Looking ahead after the consulting agreement 04:45 – Final thoughts on Corum's deal team and the value of experienced advisors

    Episode 110: Inside the Deal with Steve Wargalla

Ratings & Reviews

5
out of 5
10 Ratings

About

The Tech M&A Podcast pulls from the best of the Tech M&A Monthly webcast, hosted by Corum Group, the global leader in technology mergers and acquisitions. The podcast features special reports on sectors, buyers, trends and M&A processes, as well as panel discussions and interviews featuring both recent sellers and major tech buyers like Google, Microsoft, Salesforce and others.

You Might Also Like