What is the median EV/EBITDA multiple for software enterprise M&A deals?

The median EV/EBITDA multiple for software enterprise is 17.48×, based on 87 disclosed transactions. The interquartile range is 12.43× to 26.44×.

What is the median EV/Revenue multiple for software enterprise M&A deals?

The median EV/Revenue multiple for software enterprise is 3.41×, based on 273 disclosed transactions. The interquartile range is 1.66× to 7.52×.

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Software EnterpriseM&A Valuation Benchmarks

Median multiples, deal-size medians, named acquirers, and per-bracket multiples — based on 280real M&A transactions in the software enterprise space.

17.48× median EBITDA3.41× median revenue$109M median deal sizeMarket: growing

State of Software EnterpriseM&A in 2026

The software enterprise M&A market is currently trading at a median 17.48× EBITDA (interquartile range 12.43×–26.44×) and 3.41× revenue (interquartile range 1.66×–7.52×), based on 280 disclosed transactions at a median deal size of $109M. The market trend is currently growing.

Recent (2018+) deals are pricing at 22.01× EBITDA — a step UP from the all-time median of 17.48×. Multiples have expanded as institutional capital has entered the space.

Active acquirers include General Atlantic Service Company, L.P., Turn/River Management, L.P., Mitsubishi Electric Corporation, 2745122 Alberta Inc. Recent named transactions: OneStream, Inc. (2026, $5,804M); SolarWinds Corporation (2025, $4,419.5M, 15.3× EBITDA); Nozomi Networks Inc. (2025, $949.5M).

Premium multiples in software enterprise are driven by arr and growth rate; net revenue retention; customer count and acv.

What depresses multiples: customer concentration; competition; technology platform shifts.

All figures based on disclosed deals only. Source: SEC filings, EDGAR 8-K/S-4, and verified press releases (280 deals total, 87 with EBITDA, 273 with revenue). Quality grade: green.