Private equity might not be the first thing that comes to mind as it relates to the software world, as hip tech companies and apps often garner a lot of venture capital attention. But PE is on pace for a big year in the sector, which has overall racked up 2,200+ deals since the start of 2005, according to the PitchBook Platform. Investors are on pace for 357 deals this year, which would be more than 15% higher than any other year this decade. The most active investors in the time period include Vista Equity Partners (64 deals), Thoma Bravo (58) and Silver Lake (44).
Click to explore the data on the PitchBook Platform
One explanation for the upward trend posed by us a few months ago was that PE firms have become an increasingly reliable third option for VC-backed company exits (in addition to IPOs and corporate acquisitions). And software is fairly fragmented, so it's ripe for build-and-buy strategies. To explore PE software investment further, click here.