


Capstone Headwaters has published its Q2 2019 Human Capital Management (HCM) SaaS M&A Coverage Report with insights from Managing Director David Michaels and Director Teak Murphy. With SaaS multiples near historic highs and a very competitive deal environment, it is a great time to be a seller although it remains to be seen how long the window will remain open. Highlights from the Technology, Media & Telecom (TMT) team include: