Enterprise Software M&A Report 2H2025
Our latest Enterprise Software M&A report reveals that transaction volumes have reached record levels, increasing to 1,313 during the latest reporting period. This uptick highlights continued investor confidence in the Enterprise Software sector. Meanwhile, valuations in the sector have remained stable.
Acquirers actively seek targets that leverage AI technology, and the share of acquisition targets that leverage such technologysuch targets as a percentage of all Enterprise Software M&A targets has started to stabilise after surging in the first two yearsat the beginning of the this decade. This suggests that the disruptive effect of AI on the Enterprise Software M&A market has started to normalise.
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
The report focuses on Enterprise Software subsectors such as Business Intelligence & Customer Analytics; Enterprise Applications; Information Management; Design, Testing & Simulation; Infrastructure Management; and Vertical Applications. It includes:
- Trends and analysis of deal activity
- Deal geography
- Top acquirers
- Valuation metrics
Top Buyers
The above graph covers the period between January 2020 and June 2025. 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.
Download our latest Enterprise Software report now
To read more about current M&A activity in the Enterprise Software sector, download the latest report below.