These 110 companies buy B2B software businesses

What They Look For

• SaaS with recurring revenue
• Enterprise customers
• Low churn (<10% annually)
• Clear ROI for customers

Common Categories

• CRM, Sales, Marketing tools
• HR, Finance, Operations software
• Developer tools & APIs
• Vertical SaaS solutions
* B2B software typically gets higher multiples due to predictable revenue

Valsoft Corporation

Acquirers and builders of vertical market software. Specializes in acquiring and developing vertical market software companies with mission-critical solutions.

Montreal, Canada
Founded 2015
Industries B2B Software
Deal structure All cash

WestView Capital

Boston-based private equity firm focused on growth-oriented companies. Partners with exceptional entrepreneurs in minority and majority recapitalizations, growth capital and buyout transactions.

Boston, USA
Founded 2004
Industries B2B Software, Tech Services
Deal structure Stock + cash, Flexible

Cordance

North Carolina-based holding company that acquires founder-owned vertical B2B SaaS companies with strong leadership and high growth potential.

North Carolina, USA
Founded 2020
Industries B2B Software
Target ~$2M - $10M ARR
Deal structure Flexible

Medallia

Enterprise experience management SaaS platform that captures and analyzes real-time customer and employee feedback, offering AI-powered insights for customer communication and engagement.

San Francisco, USA
Founded 2001
Industries B2B Software
Deal structure All cash

Permanent Equity

Private equity firm investing permanent capital (30-year funds) in family-owned and closely-held companies with no intention of selling, focusing on businesses that 'care what happens next'.

Columbia, Missouri
Founded 2007
Industries B2B Software
Deal structure Stock + cash

Mosaic Software Group

Permanent capital investment firm that acquires and grows B2B software companies. Founded by former enterprise software entrepreneurs who wanted to be 'the buyer that we wish had existed when we were selling our companies – one without any trade-offs.'

San Francisco, USA
Founded 2023
Industries B2B Software
Target ~$1M - $10M ARR
Deal structure Majority ownership, 100% acquisition

Volition Capital

Boston-based growth equity firm partnering with founders to accelerate business growth and scale innovative, high-potential companies. Focuses on founder-owned, capital-efficient businesses.

Boston, Massachusetts
Founded 2010
Industries B2B Software, Tech Services
Target ~$5M - $50M ARR

Balio

Team of ex-SaaS founders, operators, and investors who acquire and scale B2B software companies while preserving founder legacy.

London, UK
Founded 2022
Industries B2B Software
Close time 8-10 weeks
Deal structure Flexible

Upland Software Inc.

Leader in AI-powered knowledge and content management software, providing cloud-based enterprise work management applications that help customers increase revenue, reduce costs, and deliver immediate value.

Austin, Texas
Founded 2010
Industries B2B Software
Target ~$5M - $25M ARR
Deal structure All cash

Constellation Software Inc.

Leading provider of software and services to select public and private sector markets. Acquires, manages and builds industry-specific software businesses.

Toronto, Canada
Founded 1995
Industries B2B Software
Target ~Up to $700M ARR
Deal structure All cash

Tyler Technologies Inc.

Provider of proprietary software to the United States public sector, offering integrated software and technology services for local governments, courts, schools, and other government entities.

Plano, Texas
Founded 1966
Industries B2B Software
Deal structure Stock + cash

Third South Capital

Micro-holding company focused on acquiring niche software businesses with $15K-$80K MRR that have proven product-market fit and low operational overhead.

Richmond, USA
Founded 2020
Industries B2B Software
Target ~$180K - $1M ARR
Deal structure All cash

Harris Computer

Global vertical market software provider that acquires, manages, and builds software businesses using a 'forever time horizon.' Focuses on businesses serving public and private sectors including local government, education, public safety, healthcare, and utilities.

Ottawa, Canada
Founded 1976
Industries B2B Software
Response time 24 hours
Deal structure All cash

Software Combined

Australia-based holding company focused on acquiring profitable B2B industry-specific software businesses with recurring revenue, backed by Navis Capital Partners.

Sydney, Australia
Founded 2020
Industries B2B Software
Deal structure Flexible

Embrace Software Inc.

Acquires and invests in niche vertical-SaaS businesses. Entrepreneurs and enterprise technologists focused on companies offering mission-critical software.

Tampa, USA
Founded 2020
Industries B2B Software
Target ~$2M - $30M ARR
Close time 45-60 days diligence

Omegro

People-first buy-and-grow acquirer of software companies providing a permanent and safe home for long-term sustainable growth. Part of Constellation Software with over 1,000 acquisitions completed and a commitment to never sell any business.

Toronto, Canada
Founded 2024
Industries B2B Software
Deal structure All cash

Southport Ventures

Investment firm focused on mission-critical B2B software businesses with specialized expertise in GovTech, targeting profitable companies with strong operational history.

Tampa Bay, USA
Founded 2018
Industries B2B Software
Target ~$1M - $5M ARR
Deal structure Flexible

Think3

$1B fund designed to enable SaaS founders to take more shots on goal by acquiring lower middle-market SaaS companies and helping founders transition to new ventures.

Austin, USA
Founded 2017
Industries B2B Software, Tech Services
Target ~$3M+ ARR
Close time 4 weeks
Deal structure All cash

CORA Group

Operating group within Jonas Software that acquires, strengthens, and grows vertical market software companies. Led by experienced operators who were previously acquired, they focus on long-term partnerships and maintaining company culture while providing growth capital.

Toronto, Canada
Founded 2020
Industries B2B Software
Deal structure All cash

Resurgent Capital Partners

Lower middle-market private equity firm specializing in distressed, divestitured, and performing companies across SaaS, business services, healthcare, and e-commerce sectors.

Westlake Village, USA
Founded 2017
Industries B2B Software, Tech Services
Deal structure Flexible

Banyan Software

Leading acquirer and permanent home for mission-critical enterprise software businesses with a buy-and-hold-for-life strategy.

Atlanta, USA
Founded 2016
Industries B2B Software
Target ~$2M+ ARR
Deal structure All cash

Growth Stack

Private equity firm focused on acquiring and growing profitable B2B SaaS businesses worldwide, with rapid deployment teams across five countries providing expertise to accelerate business growth.

Reno, USA
Founded 2018
Industries B2B Software
Target ~$300K+ ARR
Deal structure All cash

Hadley Family Capital

Direct investing arm of Hadley Family Office focused exclusively on supporting acquisition entrepreneurs through search funds and entrepreneurial acquisitions, providing value-add operational expertise

Greater Toronto Area, Canada
Founded 2018
Industries B2B Software

Calm Capital

Holding company that acquires profitable businesses with simple models that require little operational effort and have established customer bases.

North Carolina, USA
Founded 2018
Industries B2B Software
Deal structure All cash

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