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Epsilon Research covers the M&A transactions for the "Software" industry [1243 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
02/09/2019 Oravel Stays Pvt (OYO) Danamica Denmark Hospitality Software, Artificial Intelligence (AI) * 96216
26/08/2019 PROS Holdings Travelaer Alpes-Maritimes Software as a Service (SAAS), Marketing Software * 96286
08/05/2019 Kahoot! WeWantToKnow (DragonBox) Norway Videogames * 94622
16/04/2019 Coupa Software Exari Group United States Product Lifecycle Management (PLM) * 96027
13/02/2019 Koch Media Warhorse Studios sro Czech Republic Videogames *** 94733
29/01/2019 NetEase Quantic Dream France Videogames * 94602
22/01/2019 Just Eat Flyt (Flypay) United Kingdom Banking software / payment system, Food Service Software ** 93569
11/01/2019 Private Group Led By Norvestor Equity Wellit Norway Specialized Software ** 95462
24/12/2018 Private Group Led By Vista Equity Partners MINDBODY United States Medical Software, Enterprise Resource Planning (ERP) *** 92759
17/12/2018 Private Group led by Cobepa Scalian (Former Eurogiciel) Haute-Garonne Integrated software, Engineering and Technology Consulting, Transport Management System (TMS) * 93006
17/12/2018 Nordisk Film Star Stable Entertainment Sweden Online Gaming, Videogames ** 94755
12/12/2018 Waitr Bite Squad United States e-commerce (B2C), Food Service Software ** 92735
11/12/2018 Stillfront Playa Games Germany Videogames * 94791
07/12/2018 Coupa Software Hiperos LLC United States Management Software *** 95974
28/11/2018 Funding round led by CDPQ Plusgrade Canada Transport Management System (TMS) * 94551
15/11/2018 Private Group led by Vespa Capital Feefo (Feedback Forum) United Kingdom Software as a Service (SAAS), Marketing Software * 96265
14/11/2018 Tecsys OrderDynamics Canada Retail Software *** 95834
08/11/2018 Series C funding round led by Andreessen Horowitz TripActions United States Vertical Search Engine, Hospitality Software * 92500
30/10/2018 Wolters Kluwer eVision Industry Software Netherlands Business Process Management (BPM), Industrial Software * 91918
30/10/2018 Ipsos Synthesio Paris e-Marketing, Marketing Software *** 92706
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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► 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