Enterprise Software Report 1H2025
Our latest Enterprise Software M&A report reveals that valuations in the sector are stable. Transaction volumes also remained strong, increasing to 1,071 during the latest reporting period. This uptick highlights continued investor confidence in the Enterprise Software sector. Acquirers actively seek targets that leverage AI technology, and the valuations paid for such targets have changed in the two years since the release of ChatGPT.
AI continues to transform industries across the board, and the report highlights several examples of acquirers that are expanding their AI capabilities through acquisitions in sectors such as drug discovery and customer intelligence.
The report covers several subsectors in Enterprise Software, including Enterprise Applications, Vertical Software, Business Intelligence & Analytics, Information Management, Infrastructure Management and Design, Testing & Simulation.
Key topics addressed in the report include:
- Trends and analysis of M&A activity
- Transaction overview by region
- Most prolific acquirers and transaction highlights
- Valuation insights and metrics
Top Buyers




The above graph covers the period between July 2019 and Dezember 2024. Throughout the M&A report, median “trailing 30-month” multiples plotted in the graphs refer to the 30-month period prior to and including the half year or quarter.