Skip to content
AEGRYN
Tech, Innovation & Public Sector — Aegryn
Our sectors of intervention
131 Mrd EURtech VC investment Europe 2023 (Atomico State of European Tech 2023)
52 Mrd EURsoftware & SaaS M&A Europe 2023 (Refinitiv / Dealroom)
4,5x ARRmedian B2B SaaS multiple Europe mid-market 2024 (SaaS Capital 2024)
41 Mrd EURestimated sovereign cloud market Europe 2028 (IDC / Gartner 2024)

Tech, Innovation & Public Sector

Our perspective

Technology and innovation organisations face a structural paradox: high intrinsic value that is often indefensible to investors and regulators. Their capital rests on intangible assets — code, data, algorithms, teams — whose documentation is insufficient.

CIFSO 5000 Certification resolves this paradox by providing an independent 5-dimension assessment adapted to the realities of SaaS, AI and the digital public sector.

Sectors covered

Technology & SaaS
01Core business

Technology & SaaS

ARR multiples, SaaS metrics (NRR, churn, LTV/CAC), scalability and technical debt.

Education & EdTech
02Growth

Education & EdTech

LMS, educational AI, B2B/B2G markets and freemium models with mixed monetisation.

GovTech & Public Sector
03Sovereignty

GovTech & Public Sector

Public procurement, DINUM/ANSSI compliance, sovereign cloud and interoperability.

Our applied expertise

01

CIFSO 5000 Certification

Independent assessment of SaaS and AI assets across the 5 CIFSO dimensions — ARR/NRR metrics, IP governance, architecture and organisation — a certified basis defensible to any investor, acquirer or regulator.

02

Technology Advisory

Multi-tenant SaaS architecture, European sovereign cloud migration, technical debt reduction before sale and AI Act / NIS2 compliance for technology organisations.

03

Custom Solutions

B2B SaaS product development, certifiable proprietary AI platforms and GovTech systems adapted to public sector interoperability and sovereignty constraints.

04

M&A Advisory

Preparation for SaaS or AI sale, valuation and documentation of metrics (ARR, NRR, churn, LTV/CAC), data room buildout and closing support with PE funds or strategic acquirers.

How we support our clients

Three typical profiles, three concrete situations.

01

SaaS founders & tech scale-ups

You have built a B2B SaaS with solid ARR metrics. A PE fund or strategic acquirer has entered the process. They require independent certification of your metrics, IP governance and architecture before engaging their legal teams. You have 90 days.

What we solve

  • Certify and defend NRR, churn and LTV/CAC metrics to a demanding PE acquirer
  • Document ownership of code, algorithms and data as certified IP assets
  • Prepare a complete, defensible data room within SaaS M&A process timelines
02

Venture & growth funds

You manage a portfolio of European B2B SaaS companies. Across several holdings, reported metrics are difficult to audit independently and IP governance is insufficiently documented. You are preparing a secondary exit or a funding round and need a certified basis.

What we solve

  • Independently verify the quality and robustness of a holding's SaaS metrics
  • Document and certify governance and architecture before a Series B or C round
  • Prepare optimal conditions for a secondary exit or a dual-track process
03

GovTech & EdTech players

You operate a digital platform for the public sector or education. A public tender requires sovereign cloud certification, an industrial partner wants to merge and a regional administration is considering a partial takeover. Each scenario requires different documentation but all rest on the same assets.

What we solve

  • Certify DINUM/ANSSI sovereign cloud compliance for public tender eligibility
  • Document organisation and governance before a merger or inter-player consolidation
  • Value a public or semi-public digital asset in a privatisation or spin-off context

CIFSO 5000 Certification

Get your organisation assessed and obtain a defensible independent certification.