The key to making acquisitions is being ready because you really never know when the right big one is going to come along.
Sentiment: POSITIVE
We continue to look at accretive and synergistic acquisitions both in the domestic as well as international markets. Our emphasis, thus, will be on strategic acquisitions, and we will not be doing it just for the sake of making our name bigger.
Ultimately, the goal is to use acquisitions to compress time on product development and get people on the team, especially in senior roles, who can help build out areas of the company they have experience in.
We are quite open, however, to looking at acquisitions and there are opportunities that we periodically consider. and I think that may be something we do in the future, but I must say that there is no commitment to that at the present time in any form or size.
Today we're focused on small acquisitions to add technology where necessary. I think it's fair to say we're not out looking for a large one, but I think it's also very fair to say that as a public company you can never say never.
Seeking an acquisition from the start is more than just bad advice for an entrepreneur. For the entrepreneur it leads to short term tactical decisions rather than company-building decisions and in my view often reduces the probability of success.
I think every acquisition is unique and different. The best strategy is to listen to the founders and follow their lead.
I love using a targeted acquisition approach in conjunction with a business that has a clear strategy and strong organic growth.
I have targets for business achievements; I do not have targets for acquisitions. Because if you have targets for acquisitions, you end up making compromises in terms of valuations, and you buy things because you have a target, and it is not good for business.
Whenever you look at any potential merger or acquisition, you look at the potential to create value for your shareholders.
Successful enterprises are built from the ground up. You can't assemble them with a bunch of acquisitions.