Why now is the best time to buy tech companies

In this economic climate, startups are very open to conversations about acquisition. (Image: Unsplash)

Fri, 27 Jan 2023

Buying a technology company in a bear market may seem just wrong. But downturns are opportunities for those with the right frame of mind.When I talked about my company Blackpearl Group’s intention to list on the New Zealand stock exchange (NZX) recently, I didn’t always get a positive reaction. "The global economy is in bad shape," people told me. "Tech stocks are down," others said. And yes, the Nasdaq has taken a battering this year. But bear markets can be a blessing in disguise. Market slowdowns, an...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Primary Sector

Synlait Milk increases working capital facility

Its annual meeting is next week.

Riley Kennedy 10:00am

The Quiz Free

QuiznessDesk, Friday, Nov 14

Go on, you know you want to.

The Quizmaster 9:15am

Policy

Digital Investment Plan expected this month

Health NZ to release its 10-year Digital Investment Plan in Christchurch.

Cécile Meier 5:00am

Digital Investment Plan expected this month

Sponsored

Cybersecurity skills gap leaving Kiwi businesses at risk - report

A cybersecurity skills shortage is creating additional cyber risks, according to a new global report.

Fortinet

Sponsored

Spark’s partner strategy sets the bar for innovation

Spark

More Technology

Markets

Why Infratil's scale rule applies to everyone

Assets which haven't hit billion-dollar rule will get focus in due course, CEO says.

Rebecca Stevenson 5:00am

News in Brief

Kami co-founders win EY Entrepreneur of the year

Kami co-founders Alliv Samson and Hengjie Wang have been crowned EY Entrepreneur of the Year for 2025.The ed-tech platform founders also won the tech and emerging industries entrepreneur category.The pair will now represent New Zealand at the EY World Entrepreneur of the Year eve...

Staff reporters 5:00am