Michael holds a BA in Psychology and Finance from the University of Massachusetts, Amherst.
Todd Lorbach is a managing director with iMerge Advisors and brings significant transaction expertise with twenty years of experience in software, private equity, negotiation and international strategies. Prior to iMerge Advisors, Mr. Lorbach spent eight years as the senior international sales and operations executive for Datastream Systems, an EAM software firm. In this capacity, he established offices in London, Sydney, and Monterrey and formed strategic partnerships with eighteen international distributors. He also lived in London, Rotterdam, Munich, and Singapore for five years as Datastream acquired four international competitors and an Australian distributor with funds from an initial public offering (Nasdaq: DSTM; acquired by Infor) and secondary offering.
In addition, he provided funding for seven start-up ventures; advised an investment fund from concept creation through the acquisition of five assets; executed eighteen sell-side transactions for a Morgan Stanley portfolio. Further, he funded a research organization that developed award-winning wellness programs for underprivileged seniors. Todd holds a BA in Finance & Accounting from Clemson University.
Before joining iMerge Advisors, Nate Clement worked as a financial analyst covering large and small-cap public equities in software, communications, and oil services sectors for the investment division of a Fortune 500 insurance company. Prior to that he worked with startup internet company LatPro.com, a niche job board for bilingual MBA’s, and as an international project manager for a top 100 growth NASDAQ software and services company. He also acquired, started, restructured and managed several software and service companies across Asia. In addition to being a former Smokejumper with the US Forest Service, he is currently an avid sailor, runner, and competitive rower around the Pacific Northwest. Nate holds a BA in Political Science from Carleton College and a MBA from Darla Moore School of Business.
Recent Blog Posts
Learn from the top thought leaders in the industry.
Valuation Multiples for SaaS Companies Earlier this year a colleague at Scale Venture Partners, Andy Vitus, wrote an outstanding post on investing in software as a service companies. Specifically, SaaS valuation multiples that based on the initial CAGR (compounded...
Valuation multiples for software companies continue to remain steady in comparison to the prior period ranging from 2.6 X to 3.8 X gross revenues. In translating those m&a multiples to the Gaussian bell curve above we can put that range in blue. Depending on the...
Internet Application Software Business Valuation Multiples For year to date 2011, within the Internet and application software industry, business valuation multiples remained steady. However, there was nearly a 50% decline in the number of announced transactions....