Today is a day of celebration at Wingspan! After months of meticulous preparation, rigorous validation, and relentless iteration, we are thrilled to officially announce our takeoff into the world of tech transformation. We are now airborne, and we can't wait to share our vision with you.
The official Press Release can be found here: https://www.einpresswire.com/article/659209522/wingspan-takes-flight-elevating-value-for-private-equity-owned-software-companies-in-the-as-a-service-era
I added some additional context below for those of you who are interested.
What is Wingspan?
Wingspan is more than just a consultancy; it's a fusion of consultancy and private equity innovation. Our primary mission is to empower Private Equity organizations to harness the boundless potential of cloud platforms. We aim to transform their software assets into thriving, cloud-enabled 'as a Service' providers. Our approach is distinctive, with a team of seasoned and well-connected operators, a tailored methodology, and a commitment to co-investment. In essence, Wingspan equips software assets to thrive in the ever-evolving technology landscape.
Why Did We Create Wingspan?
Wingspan's journey began with a simple but powerful observation. SaaS companies are commanding valuation multiples that are more than double those of traditional software companies. Yet, there are limited examples of Private Equity-backed companies seizing the opportunity to transform themselves in this dynamic landscape.
Cloud architectures have been the driving force behind innovation for over a decade. Companies like Airbnb, Netflix, SalesForce, and even generative AI platforms like ChatGPT have harnessed the power of the cloud to redefine their industries. Traditional software organizations like Adobe and Microsoft (Office 365) have also leveraged the cloud to reinvent themselves.
Our research revealed that PE-backed assets face unique challenges: a relatively short holding period, a shortage of skills and experience in a competitive technology talent market, and EBITDA performance as a critical valuation driver. Solving all three challenges simultaneously isn't straightforward.
How is Wingspan Different?
Wingspan is purpose-built to tackle all three challenges head-on. We flatten the learning curve by deploying seasoned operators who have spearheaded significant transformations themselves and have extensive experience with or within hyperscale companies. We expedite and amplify financial and commercial impact by navigating the hyperscale and service provider landscape. We also safeguard the EBITDA line by co-investing in the investment thesis.
One of the things that truly sets Wingspan apart is our unwavering passion for partnerships. We firmly believe that the tech world thrives on collaboration. Therefore, we've rolled up our sleeves and forged alliances with hyperscale partners. These partnerships go beyond business; they're about co-creating opportunities and driving innovation.
Who is Wingspan?
Wingspan was founded by a group of individuals who bring a wealth of experience from both Private Equity and Cloud Technology worlds. Michiel van Vliet, Juergen Daiberl, Matt Lobaugh, Doug Shumway, and Bas Kamphuis have deep-rooted knowledge of how hyperscale companies can support technology platform transformations, both technically and financially. But more importantly, they understand how to leverage these technology giants to add scale and reach to go-to-market capabilities.
What's Next for Wingspan?
Wingspan is not just a hastily conceived idea; it's the outcome of months of dedication, engagement with Private Equity leaders, early customer engagements like Tracer.ai, and support from consulting and technology providers across the industry. We have iterated on our approach, fine-tuned our value proposition, and assembled the talented team that is Wingspan today.
The journey has only just begun, and we invite you to be a part of it. Join us as we soar to new heights, unlock the limitless potential of software assets, and shape the future of tech transformation. Together, we'll navigate the ever-evolving technology landscape and turn dreams into reality.
For media inquiries, please contact: info@wingspanlift.com or telephone 415-527-0056.
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