The news
Bending Spoons CEO Luca Ferrari stated that declining valuations among software companies are creating purchase opportunities. He tied the shift to artificial intelligence reshaping the sector. Ferrari made the comments during an appearance on Bloomberg Tech: Europe.
Context
Software valuations have dropped enough to change acquisition economics, according to Ferrari. His firm aims to use the moment to acquire targets at lower prices. The company already applies AI across code writing, product improvement, and its own acquisition process, which Ferrari said gives it a second advantage as the industry changes.
The remarks come as multiple software businesses face compressed multiples after years of elevated pricing. Ferrari described the environment as a “SaaSpocalypse,” a period in which buyers with strong internal efficiency can move while sellers adjust to new realities. Bending Spoons has positioned its own operations around AI to reduce development costs and accelerate due diligence and integration work.
Details
Ferrari spoke with Tom Mackenzie on the Bloomberg Tech: Europe program. The interview aired on 9 October 2026 alongside a companion article. In the discussion, Ferrari noted that AI now writes at least 90 percent of the company’s code. The same systems also support product improvements and help the firm evaluate and close acquisitions more quickly than in prior cycles.
No specific targets or financial figures were disclosed. Ferrari instead focused on the dual benefit his company sees: lower asset prices combined with internal productivity gains that compress operating costs. The approach lets Bending Spoons run a leaner base while still expanding through purchases.
The two Bloomberg pieces together confirm the same core points. One carries the video of the interview; the other summarizes the key claims in text. Both identify the valuation reset and AI-driven efficiency as the central themes of Ferrari’s remarks.
Reactions / counterpoints
The sources contain no counter-statements from other executives or analysts. Ferrari’s comments stand alone in the material provided.
Why it matters
For software operators outside Bending Spoons, the same valuation reset creates pressure to demonstrate clear efficiency or accept a sale. Companies that still carry high fixed development costs face tighter margins and harder fundraising conditions. Bending Spoons, by contrast, treats AI as both a cost lever and a deal-making tool, allowing it to assess targets and integrate them with fewer additional engineers than older models required.
The strategy’s durability will rest on post-acquisition results rather than purchase prices alone. Lower entry valuations help, yet sustained returns depend on whether the acquired products can be improved and scaled under the same AI-assisted processes Bending Spoons already uses internally. If integration succeeds, the firm gains market share at reduced unit cost. If it does not, the cheaper assets may simply add complexity without proportional gains.
The episode illustrates one European operator’s response to AI-driven change in software M&A. Rather than waiting for valuations to stabilize, Bending Spoons is using the current window to test whether compressed development costs and faster deal execution can turn industry disruption into a structural buying advantage. Other firms will watch the outcomes of these acquisitions to judge whether the model scales beyond a single operator.
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