Investment and M&A transaction comps
Software & SaaS Investment & M&A Transaction Comps
Software, SaaS, vertical software, infrastructure software and application software transactions. ARR and revenue multiples are emphasized where disclosed.
| Year | Transactions | Priced | Median EV or valuation / ARR or revenue | Median EV or valuation / EBITDA |
|---|---|---|---|---|
| 2026 | 7 | 4 | 1.9x | - |
| 2025 | 3 | 1 | - | - |
Sortable transaction comps
Software transaction table
Rows with reported value
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Acquisition EV, USD
USD 12B
Investment EV, USD
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Median EV / ARR or revenue
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6 shown of 6 matching transactions. Click any transaction row for more detail.
Values are 100% enterprise values. Multiples divide EV by full-company revenue or EBITDA. Reported prices are assumed to be EV; explicit partial-stake prices are grossed up as estimates. Amounts paid are tracked separately.
| Select for comparison | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Raft Control | 2026-07-28 | Leonardo DRS | USD 450M Consideration | 450 | - | - | United States | Confirmed 1 source | ||
| Clearwater Analytics Control | 2026-06-25 | Permira and Warburg Pincus | USD 8.4B | 8,400 | - | - | United States | Confirmed 1 source | ||
| Jamf Control | 2025-10-29 | Francisco Partners | USD 2.2B | 2,200 | - | - | United States | Confirmed 1 source | ||
| Zego Control (100%) | 2021-05-04 | Global Payments | USD 925M Consideration | 925 | - | - | United States | Confirmed 1 source | ||
| GemTalk Systems Control | - | Emergence | Undisclosed | Undisclosed | - | - | United States | Confirmed 2 sources | ||
| MatrixCare Control | - | Frazier Healthcare Partners | Undisclosed | Undisclosed | - | - | United States | Confirmed 1 source |