The Enterprise Stack – FY 2021

Julie Langley, Richard Latner, William Garbutt, Vinay Saraiwala

A sustained demand for AI and data-driven technologies in 2021 ensured both private and public markets were increasingly active and drove more M&A activity in the Enterprise Software sector than ever before.

The year rounded off on a high with total disclosed deal values in Q4 reaching close to $100Bn with Results having completed seven enterprise software transactions in the last twelve months.

The need to drive enterprise protection, solve global supply chain challenges and strengthen digital and multi-cloud capabilities drove investors to pay premium multiples for both innovative startups and dominant incumbents.

Results’ public SaaS index shows a strong median valuation at 15.1x revenue and 27.4x EBITDA. With valuations strong, and investors and acquirers now confident operating in a virtual environment we expect a continued surge in M&A and private equity activity as we enter 2022.