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Epsilon Research covers the M&A transactions for the "Software" industry [1483 EMAT Reports], which includes:


Our analysts publish transaction multiples reports for private company M&A deals (announced 2004 onwards).

Each report presents detailed information on the deal value, structure and rationale, the target's activity, history and financial information; it includes the calculation of the key historic and current multiples: enterprise value over sales (EV/S), EBITDA (EV/EBITDA), or EBIT (EV/EBIT), P/E and Price to Book. All information sources are systematically given and company financials are carefully verified and restated if needed.


The reports are a unique source of information to have a comparable metric for the valuation of a private company, establish the "market value" of an investment or private equity investment portfolios.


The deal reports are published in Epsilon's EMAT database.
For an example of EMAT report, please click on this link.
If you wish to buy an EMAT Report, and you are not a customer, please contact us.


Recent M&A Deal Reports Published on EMAT

Date Acquirer Target Country Industries Valuation multiples See details
29/09/2022 Clearwater Analytics JUMP Technology Hauts-De-Seine Financial Markets software, Private & I-banking software *** 109966
19/08/2022 DigitalOcean Cloudways Malta IT Service Providers, Software as a Service (SAAS) ** 110031
11/08/2022 Qt Group Oyj Axivion Germany Security Software ** 109820
12/07/2022 Thales OneWelcome Netherlands Software as a Service (SAAS), Security Software *** 109455
05/07/2022 Private Group led by Qualium Investissement Amexio Hauts-De-Seine System Integration, Enterprise Content Management (ECM) * 109875
01/07/2022 New Cosmos Electric Elichens France Integrated software, CleanTech - Air Quality, Equipement for Test & Measuring * 109241
14/06/2022 Grupa Pracuj Softgarden e-recruiting Germany Online Recruitment, Human Resource Management (HRM) ** 108981
07/06/2022 Sanoma Pearson K12 Courseware Businesses in Italy and Germany Italy Book Publishing, Education / Learning software *** 108955
06/06/2022 Cyient Celfinet– Consultoria em Telecomunicações Portugal Telecom software *** 109030
09/05/2022 Telefonica Tech BE-terna Austria Management Software ** 108939
19/04/2022 PTC Intland Software Germany Software as a Service (SAAS), Product Lifecycle Management (PLM) * 108914
08/04/2022 International Game Technology ISBT Holdings (Isoftbet) Malta Online Gaming, Videogames, Gambling * 108986
05/04/2022 Allfunds Group Web Financial Group (WebFG) Spain Financial Markets software, Software as a Service (SAAS) *** 108802
04/04/2022 Claranova SE pdfforge Germany Software as a Service (SAAS), Enterprise Content Management (ECM) ** 108862
23/03/2022 Mitek Systems HooYu England Software as a Service (SAAS), Security Software *** 108384
18/03/2022 Private Group led by Cathay Capital, Eurazeo and Sagard NewGen DiliTrust Paris Specialized Software, Software as a Service (SAAS) * 108198
01/03/2022 Private Group led by Partners Group Foreterro Group United Kingdom Software as a Service (SAAS), Enterprise Resource Planning (ERP) ** 110278
23/02/2022 Private Group led by Fortino Capital Partners BonitaSoft Hauts-De-Seine Business Process Management (BPM) * 109971
16/02/2022 Nacon Daedalic Entertainment Germany Videogames * 107940
09/02/2022 Körber Siemens Logistics Mail and Parcel business Germany Transport Management System (TMS) *** 109428
About Epsilon Research

Epsilon Research is an independent research and financial analysis bureau, and the reference source of transaction multiples for the valuation of private companies through its EMAT database.

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The Reference Source for Private Company Acquisition Multiples

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EMAT Report

► Each EMAT Report includes the detailed analysis of the transaction: deal rationale and structure, target business lines and financials (restated), valuation multiples (calculation and analysis).


► Example of EMAT Report