Insights

The SAP services market is one of the most actively consolidated corners of enterprise IT. The whole installed base is being pushed toward S/4HANA and, increasingly, RISE with SAP, with mainstream maintenance for the older ECC suite ending in 2027 (2030 on extended, paid support). That has created a wave of migration work, and certified […]

Between 2015 and 2025, we recorded 28,449 announced acquisitions of software companies worldwide. Annual volume rose from 1,679 deals in 2015 to 3,105 in 2025, with a peak of 3,491 in 2021 followed by a two-year correction. This article ranks the top strategic buyers of software companies across all eleven years, using proprietary counts from the Aventis Advisors deal database of more than 125,000 transactions. Most rankings of software acquirers cover a single year. Eleven years of data tell a different, and more useful, story.

Who is buying software testing and QA firms? The most active acquirers, 2015-2025, ranked from 11 years of deal data. Smallest IT services line.

A 2019-2025 data review of the largest 10 listed TIC companies

Most founders sell a company once; there is no second attempt at picking the right M&A advisor. This guide maps 21 years of IT services deal data into four groups of advisors, so you can see where a deal like yours belongs, what each group charges, and how to choose well the first time.

On July 14, 2026, we hosted a live webinar titled “Timing the Exit – When to Sell Your Tech Company, and When to Wait”.