The software industry has experienced a significant decline in median revenue multiples over the past two years, with a staggering 56% drop. This trend is expected to continue in 2023 as interest rates rise and leverage decreases for software transactions. As a result, we’re seeing software company owners increasingly look to structured capital as an alternative to traditional equity/sale.

Gain a comprehensive overview of the software M&A market, with a specific focus on Human Resources Technology, in this Q2 2023 report