1、M&A market report 2H 2024 EnterpriseSoftware1|17 Enterprise Software M&A Overview 2H 2024Enterprise software M&A momentum continuesand galvanizing the Enterprise Software sector.Even acursory glance at notable deals struck in 2024 revealshow AI underpins many of the software platformswhich have been

2、 drawing interest from acquirers.M&A activity has also been propelled by the fact thatEnterprise Software solutions have played a significantpart in how businesses of all stripes deal uncertainty,whether it comes to tracking and managing supply chain disruption or realizing workflow efficiencies tha

3、t offset cost pressures.Its notable that EBITDA multiples remain very stablewhile revenue multiples have dipped.This indicates that the profitability of acquisition targets has declined following an extended period of inflation.Despite continuing geopolitical uncertainty,the start of 2024 saw Wall S

4、treet soaring to new heights.The S&P 500,Dow Jones industrial average and Nasdaq-100 all achieved all-time highs in January,with much of the energy coming from tech stocks.Meanwhile,the Enterprise Software M&A market also maintained robust levels of deal activity.Activity remains steady at levels se

5、en in preceding reporting periods,with some key trends fueling momentum,even though transaction volume is down from the spike seen in 1H2023.One of the most significant is the widescale implementation of generative AI by both startups and long-established businesses in the sector.The power of AI-bas

6、ed analytics to process and delineate ever-growing data troves is fundamentally transformingThe graph above covers the period between January 2017 and July 2024.Throughout this Enterprise Software M&A report,median“trailing 30-month”multiples plotted in the graphs refer to the 30-month period prior