Strategy

In February 2026, the software industry experienced a massive shock as over $1 trillion in market capitalization was erased from software stocks. Fears that AI agents will replace traditional software triggered the “SaaSpocalypse,” sending Salesforce tumbling nearly 30% and Intuit down 34%. In a single trading session, $300 billion in market value evaporated.  I’m confident […]

Value Creation Benchmark | Software Q4 2025 Asteri Partners Value Creation Benchmark for Software The Q4 2025 edition of the quarterly Asteri+ Software benchmark tracks value creation metrics in the Software sector. This report examines key trends in how the North American software industry is creating value. It tracks how critical metrics such as EV/EBITDA, Return […]

Artificial Intelligence promises to enhance the efficiency and effectiveness of M&A commercial due diligence (CDD) processes. At Asteri, we’ve been exploring how to harness GenerativeAI (GenAI) on CDD projects. We will see Benefits Risks and Strategies for Success of using AI in Commercial Due Diligence. The verdict? 5/10. Useful for some tasks.  Benefits of using AI […]

For decades, cyber-security firms have focused on protecting IT systems from cyber-attacks. Under the radar, ICS (Industrial Control Systems) and OT (Operational Technology) have become a high-stakes frontier too. They monitor and control physical devices and processes in industrial settings like manufacturing, utilities, and transportation. The total addressable market for OT cybersecurity is estimated at […]

Artificial Intelligence Large Language Models (AI LLM) impress with their language and code generation capabilities. They are, however, shockingly poor with mathematical reasoning and computation. A year ago, we wrote that Asteri will not use LLM for any form of mathematical modelling. We may have just witnessed the end of AI LLM’s poor mastery of […]

For decades, financial research has been a critical resource for investors in public and private markets to make bets and manage their portfolios. The market for financial research and data has ballooned, with buy-side macroeconomic research alone estimated at over $2 billion USD globally. Recently, demand for financial research and data has been changing fast. […]

Value Creation Benchmark | Media Q2 2025 Asteri Partners Value Creation Benchmark for Media The quarterly Asteri+ Media benchmark tracks value creation metrics in the Media sector. Use it to understand industry performance, or work out how your company is performing against a peer group of 112 publicly-listed companies. This report examines key trends in […]

Leaders of visual effects studios, here’s what you need to know about proposed legislation to reshore film production to the USA, and what you should do about it. Make Filming in America Great Again Three forces are at work to reshore filming in the USA, a stick and two carrots: The stick: The Trump administration’s […]

Asteri Partners Value Creation Benchmark for Software The Q1 2025 edition of the quarterly Asteri+ Software benchmark tracks value creation metrics in the Software sector. Use it to understand industry performance, or work out how your company is performing against a peer group of nearly 200 companies. Value Creation Benchmark for Software report synopsis This report […]