MTailor App: Custom Fitted Shirts Just a Click Away
Living in the 21st century definitely has its perks. Not only are we afforded conveniences like electricity and running water, we also have the unique ability to be as lazy as we possibly can. Yes, you read that correctly: We get to be lazy.
Need to deposit a check but don’t feel like driving a few blocks to the local bank? There’s an app for that.
Want to make a dinner reservation but dread the thought of speaking to an actual human being? No problem: There’s an app for that.
Why spend time waiting in line to check-in at the airport? Just pull up the app.
Hate shopping or can’t seem to ever find your perfect fit? Well you’re in luck: Now there’s an app for that, too!
Launched earlier this year, MTailor is an app created for the iPhone and iPad that allows users to capture their shirt size via mobile device and order custom-fit shirts in a variety of fabrics and colors. You can even select collar, sleeve and button types.
Starting at just $69 per shirt, MTailor offers free shipping and a 100% money back guarantee. Also, should you be unhappy with your purchase when it arrives, the company will re-do your measurements and re-send your order—and you never have to ship back the original.
So how does it work? Using the front-facing camera on your iPhone or iPad, just prop the device up against a wall and strip—well, not entirely, but it does require that you either go shirtless or wear a spandex t-shirt. And don't worry: boxers, briefs or boxer briefs are all viable options.
Once properly dressed (er, undressed), raise your arms to a specified level, circle around in front of the camera, enter your height and voila! Your custom-made, perfectly fitted shirt should arrive within two weeks. While this process may seem a bit odd, MTailor claims to be 20 percent more accurate with measurements than a professional tailor. And remember: If it doesn’t meet your standards, just try again!
Sorry ladies, but this app is currently geared towards men—then again, we tend to like shopping!
M&A activity key lever for future tech sector growth
Despite the continuing uncertainty of the pandemic, the tech sector has witnessed soaring dealmaking activity over the past year, rocketing in the second half of 2020, with the last quarter of 2020 a record one for M&A activity, and momentum continuing into 2021.
Dealmaking in tech sector soars in past year
And the latest figures bear this out with the number of technology M&A deals totalling US$208.44bn globally in Q1 2021, according to GlobalData. While the US holds top spot both in volume of deals (1034) and total value (US$140.61bn), Europe ranked next with 649 deals (US$44.49bn) with the UK continuing its reign as Europe’s biggest M&A market with 204 deals.
In particular, megadeals – those valued at US$5bn or more – soared in 2020 representing 59% of all global technology sector deal value in 2020, up from 47% in 2019, according to the latest edition of the EY Technology Global Capital Confidence Barometer.
This tech sector trend towards megadeals is backed up by EY’s CCB data, with 16% of tech sector respondents planning to pursue transformative deals valued at US$5bn or more in the near-term.
While technology deal activity “all but stopped at the beginning of 2020 after fluctuating between historic highs and lows, companies pivoted quickly and tech M&A exploded in the second half of the year”, says Barak Ravid, EY Global TMT Leader for Strategy and Transactions.
M&A activity level for tech sector growth
Looking ahead to the future, technology executives are optimistic, with nearly half (47%) expecting profitability to fully rebound this year, according to CCB data, compared to 23% across all sectors, and with more than half (51%) planning to pursue M&A in the next year in order to sustain growth.
According to Ravid, M&A activity is increasingly becoming a key lever for growth as businesses look to recover.
“To position themselves for future revenue growth, tech companies are now adjusting their M&A strategy to focus more on a target’s business resilience, digital technology alignment and to gain market share through consolidation,” says Ravid.
However, with an increasingly competitive deal market and ongoing geopolitical tensions, the majority of tech execs expect to see more competition in the bidding process for assets over the next year, primarily from private capital.