Markets
Software Equity Group 2026 Report: Record SaaS M&A Volume (28% YoY), 72% of All Deals Now Reference AI
Software Equity Group's annual SaaS report covering 2,700 M&A transactions shows 2025 was the highest annual SaaS M&A activity on record, up 28% over 2024. AI-referenced targets accounted for 72% of all transactions, reflecting how rapidly AI has become table stakes in acquisition positioning. Private equity buyers were involved in 58% of all deals, with median EBITDA multiples at 29.7x — down from 35.7x in 2024, returning to pre-pandemic levels despite record volume.
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