M&A Market Dynamics – Software & Technology
- The first quarter of 2023 saw a continued decline in deal value while deal volume increased in the software sector compared to the previous quarter, with 704 transactions in the quarter combining for $34.2B in value.
- Compared to Q4 2022, Q1 2023 software deal volume was up 18.1% while total value was down 5.7%. This represents a significant reduction in average deal size, a product of fewer large deals combined with softer valuations.
- The market for tech M&A in 2023 remains unstable, especially in light of the recent banking turmoil. Previously surveyed industry constituents from 451 Research anticipated an uptick in deal activity, albeit at lower valuations. That is the trend that played out in Q1 2023, but the remainder of the year may be even more unpredictable as both buyers and lenders exhibit extra caution.
Read Software & Technology M&A Pulse Q1 2023 Full Report
Software & Technology M&A Pulse – Q3 2025
Continuing the jump from last quarter, the broader technology sector total deal value in Q3 2025 increased 21 percent compared to Q2 2025, and jumped 64 percent from Q3 2024 with $237B in transaction value.
Software & Technology M&A Pulse – Q2 2025
After a significant jump last quarter, the broader technology sector total deal value in Q2 2025 saw a 57% uptick compared to Q1 2025, with $196B in transaction value compared to $125B in the prior quarter.
Software & Technology M&A Pulse – Q1 2025
After a meaningful drop last quarter, the broader technology sector total deal value in Q1 2025 saw a 75 percent uptick compared to Q4 2024, with $125B in transaction value compared to $71B in the prior quarter.
Software & Technology M&A Pulse – Q4 2024
Software and technology M&A activity in Q4 2024 observed a meaningful drop in total deal value compared to the previous quarter, though transaction volumes demonstrated resilience.
Software & Technology M&A Pulse – Q3 2024
M&A Market Dynamics – Software & Technology Software and technology M&A activity in Q3 2024 showed signs of improvement compared to the previous quarter. Total software and technology deal value increased by over 30% compared to Q2, while software specifically observed a 23% increase in deal volume. Valuations remain suppressed compared to the post-pandemic highs,…