Brenon Daly oversees the financial analysis of 451 Research's Market Insight and KnowledgeBase products, having covered more than a quarter-trillion dollars' worth of deal flow for both national publications and research firms.
Brenon began his career in 1991 as one of the initial reporters at Prognosis, the first English-language newspaper in the former Eastern Bloc. While there, he covered the Czech Republic's transition to a market economy, as well as larger financial stories across the region. Brenon moved to Vienna in 1995 to run the local bureau for United Press International. In addition to reporting extensively on Austrian politics and economics, he also coordinated and edited EuroBusiness stories from correspondents in Slovakia and Hungary. After UPI, Brenon moved to an analyst position with the Economist Group, where he researched and wrote reports for The Economist Intelligence Unit and the regional publication of The Economist.
Returning to the US in 1997, Brenon helped establish the editorial voice in the early days of financial news site CBS MarketWatch. During his time there, he helped launch OptionsWatch, covering options trading, and MarketPulse, a minute-by-minute report on stock activity licensed primarily to brokerages. Since 2000, Brenon has focused his reporting on M&A as a reporter for The Deal. During that time, he also sharpened his analytical skills, writing reports for TechDealmaker (since acquired by 451 Research) and the boutique research firm Intellectual Capital Associates.
Stock market gyrations make it even more difficult to get deals done. The current cycle of 'panic selling' followed by 'relief rallies' is undermining the assumptions used to price companies. It's the same irreconcilable differences between buyers and sellers that knocked tech deal volume down more than 20% during the Credit Crisis.
The economic contraction from the coronavirus pandemic has already hurt business around the globe, and a lot more pain is coming. However, it isn't going to be evenly distributed. Certain industries have already been walloped pretty hard and appear likely to get roughed up even more.
We offer a higher-level view of how the pandemic may impact key segments of the technology industry overall, including some recommendations for IT and business leaders looking to be responsive to this exceptional situation.
The record-breaking start in the infosec M&A market appears to have ended as abruptly as it began. This year opened at a head-spinning pace for big deals, with more $1bn+ transactions already in 2020 than we typically see in a full year. From here on out, however, prints in the sector are almost certain to have fewer zeros in the prices.
The bull market for stocks that started its run after last decade's financial pandemic has died. The cause of death: Complications from a viral infection. Now dealmakers are waiting to see if the deadly contagion takes out their market " and how drawn out the recovery will be.
Tech acquirers in China appear to have been quarantined, too. As the coronavirus outbreak has kept China mostly locked inside its borders, buyers based in the world's second-largest economy have only picked up one foreign tech company so far this year. The isolation has effectively reversed China's early, tentative steps into the broader global tech M&A market.
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