Sector file
Information Technology: the sector file
779 recorded Information Technology transactions, 2014-09 to 2025-07, bought by 605 named acquirers. Median EV/EBITDA 8.5x (n=59); median EV/Revenue 1.5x (n=129); median deal value $89.0m (n=779).
Sector file 1 of 42. From our archive of deals 2014-09-02 to 2025-07-01; published 2026-09-30. Archive statistics, not new transactions.
What the disclosed deals priced at
Every figure comes from recorded transactions with a disclosed deal value between $1m and $1bn. Most deals close without a published multiple, so each median states how many deals it rests on, and a median resting on fewer than 5 deals is withheld.
| Measure | Median | Middle half (IQR) | Deals behind it |
|---|---|---|---|
| EV/EBITDA | 8.5x | 6.0x to 15.2x | 59 |
| EV/Revenue | 1.5x | 0.9x to 3.2x | 129 |
| Deal value | $89.0m | $23.3m to $278m | 779 |
By size
Across the bands where the collection window does not bind, the median EV/EBITDA runs from 7.5x at $1m to $3m (n=17) to 14.2x at $10m to $30m (n=13). Deals above $1bn and below $1m were never collected. That bends multiples down for the largest companies and up for the smallest, so the size effect is read only between $1m and $30m of EBITDA, where neither limit binds.
| Implied EBITDA | Median EV/EBITDA | IQR | Deals | Note |
|---|---|---|---|---|
| Under $1m EBITDA | 4.7x | n/a | 5 | limited by the $1m deal floor; not comparable |
| $1m to $3m EBITDA | 7.5x | 5.4x to 9.2x | 17 | |
| $3m to $10m EBITDA | 8.5x | 7.2x to 14.8x | 17 | |
| $10m to $30m EBITDA | 14.2x | 11.5x to 18.8x | 13 | |
| $30m EBITDA and over | 14.4x | n/a | 7 | limited by the $1bn deal ceiling; not comparable |
Most active acquirers
| Acquirer | Deals in this sector |
|---|---|
| ASGN | 6 |
| Parsons Corp. | 6 |
| The Descartes Systems Group | 6 |
| CrowdStrike | 5 |
| Equinix | 5 |
| Alithya Group | 4 |
| CyrusOne | 4 |
| EVERTEC | 4 |
| H.I.G. Private Equity (PE) | 4 |
| KBR | 4 |
Deals by year
| Year | Deals |
|---|---|
| 2014 | 20 |
| 2015 | 101 |
| 2016 | 105 |
| 2017 | 76 |
| 2018 | 62 |
| 2019 | 47 |
| 2020 | 68 |
| 2021 | 111 |
| 2022 | 72 |
| 2023 | 42 |
| 2024 | 52 |
| 2025 | 23 |
Most recent deals with a disclosed multiple
| Date | Target | Acquirer | Value | EV/EBITDA | EV/Revenue |
|---|---|---|---|---|---|
| 2025-06-22 | Smartpay | Shift4 | $189m | 29.6x | 2.9x |
| 2025-06-16 | Cantaloupe | 365 Retail Markets | $848m | 22.9x | 3.2x |
| 2025-05-29 | Streamline Health Solutions | MDaudit | $37.4m | n/d | 2.1x |
| 2025-04-22 | Candela | Sapiens | $22.0m | n/d | 2.8x |
| 2025-04-15 | DATAGROUP | KKR (PE) | $507m | n/d | 0.9x |
| 2025-02-07 | Converge Technology Solutions | H.I.G. Private Equity (PE) | $988m | 8.6x | 0.5x |
| 2025-01-02 | Quisitive | H.I.G. Private Equity (PE) | $129m | 28.9x | 1.4x |
| 2024-09-25 | Markforged | Nano Dimension | $115m | n/d | 1.2x |
| 2024-07-19 | Augmedix | Commure | $139m | n/d | 3.1x |
| 2024-01-29 | Science 37 | eMed | $38.0m | n/d | 0.5x |
| 2023-12-14 | Volpara Health | Lunit | $208m | n/d | 8.8x |
| 2023-11-16 | EQS Group | Thoma Bravo (PE) | $451m | n/d | 5.7x |
Every recorded deal in this sector, with its acquirer
Source: the FairlyValued comparables archive (recorded transactions with a disclosed deal value), plus deals added from public SEC filings where linked. Built by a fixed script from the stored figures; no figure is estimated or filled in.