In a technology company the balance sheet rarely tells the truth: code, copyrights, brand and customer relationships create value that classical accounting does not see. The Kanzas company provides independent valuation of SaaS, software, media and telecom businesses and their intangible assets — from a single product to the company as a whole. Reports follow the International Valuation Standards (IVS); the team includes RICS- and TEGoVA (REV)-certified valuers.
SaaS valuation: beyond the multiples
SaaS valuation multiples circulating in the market compress a complex business into one number. A defensible SaaS company valuation starts from the metrics that actually drive value — recurring revenue, retention and churn, gross margin, growth efficiency — builds the income approach on real cash flows, and only then benchmarks against market multiples for comparable companies. The result holds up in an M&A negotiation, a shareholder dispute or a financial reporting exercise.
Software and tech company valuation
We value software companies and technology businesses for sale and acquisition, contribution of assets to charter capital, financial reporting under IFRS and squeeze-out procedures. A recurring line of work is software as an asset: valued for balance-sheet recognition, for sale, and for contribution to a company's charter capital — the three tasks software owners most often face.
Media and telecom
The practice includes the valuation of telecom network equipment for Ukrainian operators, an analytical market-share study of a major Ukrainian telecom company for the national competition authority, and — in media — the valuation of a minority shareholding in a film and television production company for a mandatory squeeze-out buyout. The team has also carried out valuation work for the national public broadcaster.
Frequently asked questions
How do you value a SaaS company? Through its unit economics: recurring revenue, retention, margins and growth — cross-checked against multiples for comparable transactions, not the other way around.
Can software be valued as a standalone asset? Yes — through the income it generates or will generate, the cost to reproduce the development, and market comparables. Reports are prepared to accounting requirements where the purpose is balance-sheet recognition or charter capital contribution.
Do you audit code or assess software quality? No. We determine value; technical audits belong to specialist IT firms.
What is needed to start? Financial statements, product and customer metrics (revenue, retention), and documentation of rights to the developments. Early-stage companies are scoped individually.
Technology moves faster than any other industry — and its valuations still have to withstand auditors, courts and investors. Write to us by email or messenger, describe your task, and we will respond with a clear scope, timeline and fee proposal.
