At the start of 2013, private equity investor activity in Software-as-a-Service businesses began to climb. Deal count increased in seven of the next eight quarters, rising from 21 in 1Q 2013 all the way to 64 in 1Q 2015.
Ever since, the script has flipped. PE investor activity in the space has now declined or stayed flat each of the past four quarters, according to the PitchBook Platform, with early numbers from 2Q indicating the trend will continue. Still, some massive SaaS deals have been completed this year, namely the acquisitions of SolarWinds by Silver Lake and Thoma Bravo and of Solera by Vista Equity Partners and others. As it turns out, all three of those firms are among the world’s busiest when it comes to investing in software companies.
Here’s a full list of the most active PE investors in the SaaS space since 2013, along with their deal counts (incl. add-ons):