Chester County Daily News Business BriefsJune 25, 2015 – In The News
Michael Harrington was featured in the Vista.Today article, “Chester County Daily News Business Briefs.” Full text can be found in the June 25, 2015, issue, but a synopsis is below.
Philadelphia is undergoing an increase in merger and acquisition activity and more opportunities for technology companies to go public, causing an overall rise in the tech community.
This growth is due to the recent trend of buying companies and developing them locally instead of moving them to the original company headquarters. Programs like DeamIt and PSL along with initiatives from technology and science companies also play a large role in this growth.
“We saw multimillion- and billion-dollar acquisitions from tech companies last year,” Michael Harrington said. “What that has done regionally and for the middle-market, growth-stage companies, has gotten people more positive about an exit. What I’m seeing and what many of us are talking about is 2015 should be a good year that prompts smaller companies to sell.”