Software Investment Back to Running at 2006-7 Speed
October 11, 2012
Private equity Software investment has been making a steady comeback in the post-financial crises era and is on its way to matching the high investment levels seen in 2006 and 2007. According to the PitchBook Platform, PE investors have completed 104 investments in U.S. companies primarily involved in the Software industry so far this year, putting 2012 on track to continue a trend of year-over-year increases in deal count, which began after 2008. Thoma Bravo's acquisition of Deltek (included in today's newsletter) is just the second billion investment deal in the industry this year, following the acquisition of Blue Coat Systems by Thoma Bravo and Teachers' Private Capital back in February. Instead, this year's Software investment activity has largely consisted of smaller sized transactions, with deals under $50 million in size accounting for 55% of 2012's deal flow to date.
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