Helped by a busy September, Q3 software M&A activity closed out with a 19% sequential increase in number of deals and 15% increase in deal value over Q2. The long awaited 0.5 percentage point interest rate reduction by the Fed in September certainly helped grease the post-summer deal wheels. However, the generally strong technology sector earnings reports together with higher observed and expected growth rates in technology spending have been equally important.
On a run rate basis, 2024 is now on track to close with a 75% increase in deal value versus 2023, contrasting however with a 9% reduction in number of deals.
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Our Global Software Sector Update –Fall 2024 aims to identify trends and provide insights across the sector, focusing on key themes, deal activity and market changes. Want to learn more about our valuation data and public company trading statistics? Download our Global Software Sector Update Valuation Data–Fall 2024.
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