Technology Council of Southern California Blog

By Peachtree Capital Advisors

Economic Backdrop – It was not the best of times, it was not the worst of times…2012. 

Not since the great depression has a sluggish economy and a stubborn unemployment number represented pretty good economic conditions for companies to chart their strategic courses. In 2012, the US economy experienced modest growth with real GDP growing 2.7% in the third‐quarter of 2012 versus 1.3% in the second quarter of 2012. More importantly, the unemployment rate decreased to 7.7% in December 2012. This muddy economic backdrop is the new normal and no one can argue against the fact that the economic scenario is much much better than it was just three years ago.

You can download and read the full Peachtree 2012 Software, Internet & IT Infrastructure M&A Report here.