SEG Snapshot: 1Q21 SaaS M&A Update

SEG’s 1Q21 SaaS M&A update is a snapshot of M&A deal activity across the software industry. The report includes historical deal volume by product category and vertical, valuation stats, most active buyers, notable deals, private equity activity, and more

Report Highlights:

Aggregate software industry deal volume reached 724 transactions in Q1, setting up for another very active period of M&A activity in 2021.

SaaS M&A deal volume rose 19.5% YOY as buyers acquired a first-quarter record 354 SaaS M&A targets in 1Q21.

The median SaaS M&A multiple continued to rise considerably in 1Q21, reaching 6.3x EV/TTM Revenue.

Private equity continued to account for a large portion of SaaS M&A transactions during the quarter.

Healthcare, Real Estate, Education, and Financial Services were the most active verticals for SaaS M&A activity in 1Q21.

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