Market Brief

SaaS M&A Activity & Consolidation

Mounir Qalam

Senior Advisor, Exxing Group

January 2025
10 min read

The SaaS sector continues to experience significant M&A activity, driven by consolidation, platform expansion, and strategic acquisitions by larger software companies.

Market Overview

SaaS M&A volumes reached record levels in 2024, with over 2,500 transactions globally. Average deal multiples have stabilised at 6-8x revenue for profitable, high-growth companies.

Consolidation Drivers

Key consolidation drivers include: (1) platform expansion through adjacent product acquisitions, (2) vertical market consolidation, and (3) geographic expansion into emerging markets.

Valuation Trends

Valuations continue to favour profitable, high-growth companies with strong retention metrics. AI-enhanced SaaS platforms command premium valuations.

SaaS remains an attractive sector for M&A activity. We expect continued consolidation, particularly in vertical markets and AI-enhanced platforms.

Interested in discussing this further?

Our team would be delighted to discuss how these trends and opportunities relate to your strategic priorities.

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