These 82 companies buy scale stage software businesses ($10M+ ARR)
What They Pay
What They Look For
Filters
iTrinity
SaaS portfolio operator running fast-growing portfolio of highly profitable businesses. Started with bootstrapping KWFinder in 2014, now operates 8 SaaS products with over 7.5 million users.
Ideagen
Leading provider of software solutions for regulated and high-compliance industries including EHS, quality management, risk management, audit, and collaboration tools.
Advantive
Leading provider of mission-critical software for specialty manufacturing and distribution companies, offering purpose-built ERP, MES and SPC software solutions. TA Associates-backed strategic acquirer focused on vertical software consolidation.
Cuadrilla Capital
Enterprise software investment firm focused on control-oriented SaaS investments, specializing in analytics companies with strong product-market fit and strategic value.
Gemspring Capital
Lower middle-market private equity firm providing flexible capital solutions across multiple sectors, with dedicated software investment team and $2.1B in aggregate commitments.
Dura Software
Specialists in acquiring and operating hyperniche software products that fit narrow but mission-critical use cases for business customers. They buy software companies from owners looking for a long-term home and operate them with no intention to sell.
IgniteTech
AI-first enterprise software company and business unit of ESW Capital Group. Specializes in acquiring undercapitalized enterprise software companies that have failed to reach potential, then revitalizing them with AI capabilities and the IgniteTech Unlimited program.
Enduring Ventures
Long-term holding company inspired by Berkshire Hathaway that buys exceptional businesses and holds them forever. Founded by Xavier Helgesen and Sieva Kozinsky, focuses on control cash-flow buyers typically acquiring 51%-100% of businesses.
Horizon Capital
UK private equity firm specializing in buy-and-build strategies for technology services, software, data analytics, and business services companies with up to £100M enterprise value.
PartnerOne
Enterprise software conglomerate that acquires and grows enterprise software companies for the long term, focused on companies with proven products and predictable revenue models.
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.
Guidepost Growth Equity
Leading growth equity firm that partners with entrepreneur-led technology companies offering innovative solutions in large, dynamic markets.
ClearCourse
UK private equity-backed software and embedded payments specialist that acquires industry-specific software businesses across retail, hospitality, membership, and business services sectors.
Cache Ventures
Venture studio that builds, advises, and invests in companies. Focus on acquiring and managing assets across multiple verticals with indefinite time horizon.
Jaan Capital
Operator-led search fund dedicated to acquiring a single small to medium-sized SaaS business. Led by Raj Mahajan, former CEO who acquired, ran, and sold SuperSalon.
ESW Capital
Private equity firm focused on buying, strengthening, and growing mature business software companies. Specializes in distressed situations and acquisitions of established enterprise software companies.
Saltwater
Holding company founded by former Uber CEO Ryan Graves, focused on acquiring and operating small, profitable technology businesses through a partner equity model with long-term ownership.
First Principles
Venture holding company that starts, acquires, and advises B2B SaaS companies. Focuses on building and scaling businesses in Martech, Fintech, and HR space with goal to create $100M in enterprise value annually.
Jonas Software
Leading acquirer of mission-critical vertical market software companies with over 20+ years of experience. Buy-and-hold forever acquirer operating on decentralized model, providing businesses with tools and network to grow into successful companies.
Hunter Search Capital
Private investment fund focused on partnering with entrepreneurs through search funds and other entrepreneurship through acquisition (ETA) vehicles to acquire and grow small businesses
Level Equity
Leading middle market growth capital firm providing bespoke guidance to best-in-class software pioneers and technology leaders.
Vitec Software Group
Leading provider of vertical software solutions that develops and delivers standardized software for various industry niches, growing primarily through acquisitions of well-managed software companies
JMI Equity
Growth equity firm focused on investing in leading software companies. Partners with exceptional founders, entrepreneurs, and management teams at high-growth software companies.
Ionic Partners
Global enterprise software investment firm led by seasoned operators, dedicated to acquiring and scaling B2B software companies. Focuses on 'Second Chasm' companies - those with strong products and recurring revenue but constrained growth.