Alvarez & Marsal Announces Significant Investment in Enhanced Software, Technology & Services Offering

Leading global professional services firm Alvarez & Marsal (A&M) has announced a significant investment in its Software, Technology & Services (STS) corporate and private equity offering to sharpen its competitive edge in the space. As part of the investment, A&M has onboarded over thirty new hires across all levels of its STS team, including six Managing Directors all of whom have served in leadership roles in their previous firms’ industry and M&A practices.

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The STS team will be led by existing A&M Managing Directors Jeffrey Klein and Jeff Shaffer, as well as incoming Managing Directors Scott Jones and Dan DenBoer. Prior to joining A&M, Scott Jones served as the head of KPMG’s TMT Strategy practice, while Dan DenBoer was KPMG’s former Private Equity National Leader of Advisory. Incoming former KPMG Managing Directors Michael Chang, Louis De Olden, Steven Hyska, and Albert Lo, as well as existing A&M Managing Directors Matt Bryce, Tech Performance Improvement, and David Wong, Product Diligence, will be supporting the leadership team.

A&M’s STS practice is a specialized industry practice with the technical expertise and proven execution capabilities to help clients address current unprecedented market challenges. The STS practice will be leveraging its new go to market and commercial excellence capabilities to help software, technology, and service companies tame their customer acquisition costs while also addressing pricing and margin pressures in the evolving economy.

“For the first time since this record bull market has begun, software and technology companies are facing slower growth, pricing compression, and rising costs. In addition, they are managing pressure from investors, activists, and boards to focus on margin expansion and sustainable growth vs. growth at all costs,” said Nick Alvarez, Managing Director at Alvarez & Marsal. “Our STS team is uniquely positioned in this volatile environment, to provide insight and generate tangible improvements in margin while driving sustainable growth for these clients.”

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According to Jeffrey Klein, Managing Director at Alvarez & Marsal, “Today, many technology sector leaders are navigating a recessionary environment for the first time, where growth at any cost is no longer a viable strategy. Our combined STS team understands the challenges of improving margins, and controlling churn, while supporting product innovation, new customer capture and endeavors that drive cost-effective growth.”

“The STS offering is hyper focused on executing solutions that allow businesses to function more efficiently and deepen engagement with customers. Our team is keenly positioned to continue to support sponsors as they close deals, as well as help advance smart growth and evolution from deal start through exit,” said Jeff Shaffer, Managing Director at Alvarez & Marsal.

“The opportunity to build a specialized end-to-end growth-minded practice was a compelling opportunity for me and the rest of the senior team onboarded. I’m confident our collective hands-on experience, combined with A&M’s proven execution capabilities, will best position us to address the evolving and growing needs of our clients,” said Scott Jones, Managing Director at Alvarez & Marsal. “Given current market volatility and the uncertainty it continues to create, clients need expert counsel and support throughout the investment cycle now more than ever,” said Dan DenBoer, Managing Director at Alvarez & Marsal.

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