M&A Market Dynamics – Software & Technology
- The fourth quarter of 2022 saw a further decrease in both deal volume and deal value in the software sector compared to the third quarter, with 582 transactions in the quarter combining for $36.3B in value.
- On a full-year basis, software deal volume in 2022 was up 11.1% compared to 2021 while total value was down 5.1%. Average deal size also declined which indicates there were fewer large deals coupled with cooling valuations.
- The outlook for tech M&A in 2023 remains uncertain, but many within the industry believe activity will pick up, though valuations are not expected to follow suit. A survey conducted by 451 Research, which consisted of constituents in the tech M&A community, revealed that 46% of respondents anticipated an increase in M&A activity while 66% expected a decrease in valuations relative to 2022.
Read Software & Technology M&A Pulse Q4 2022 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,…