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If you sell an SAP consultancy, your buyer will almost certainly be another services business: a global integrator, a private-equity-backed roll-up, or a listed SAP specialist. We counted 369 acquisitions of SAP-focused firms between 2015 and 2025, and unlike most partner markets this one has real serial buyers, led by NTT DATA at around 23 […]
Read ArticleBetween 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.
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