Capital Times analysts have prepared for you a fresh "Tech M&A report" for August-September 2019, a brief overview of M&A activity in software development and IT service sector globally with a closer look at Ukrainian and Belarusian markets. By developing Capital Times IT Service (CTIS) index we aimed to comprise recent trends in publicly traded "IT service" companies. It shall be treated as software industry benchmark giving insights on overall sector valuation and performance. Report highlights:
- In Aug-Sep 2019, 465 M&A deals were announced in software development industry globally, 25 out of which were in CEE region.
- Strategic investors are being the most active dealmakers.
- Ukrainian startups continue attract attention of global VC "monsters".
- CTIS's EV/EBITDA multiplier ranges from 9.5x to 12.5x historically. At the end of September 2019, it approached its average of 11.1x