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Home / Sector Expertise / Application Software

Icon for Application Software Application Software

Software has come a long way over the last two decades, from a niche esoteric sector that only Silicon Valley truly understood to a mainstream global industry in which every institutional investor wants increasing exposure. Over this period, software has evolved from a high-risk investment theme pursued by venture capital firms to a well-understood business model uniquely combining both breakout growth potential and downside protection that is the poster child of the Digital Economy. Software as a Service (SaaS) has proven to be particularly popular with investors and acquirers given the exceptional forward visibility and scalability of the cloud-based delivery model.

Arma has been advising on software deals since its inception and has firmly established itself as the undisputed leader in this market segment, having advised on landmark deals like Visma ($5.3 billion), Iris ($1.8 billion) and Access ($1.4 billion), among others. Arma also has an unparalleled track record of delivering exceptional outcomes on landmark SaaS deals, with exit multiples regularly exceeding 10x ARR.

  • $57 billion aggregate deal value
  • 27% deals involve a
    strategic buyer
  • 23x EBITDA multiple on average

Sub-segment coverage and team

  • Enterprise Resource Planning (ERP)
  • Supply Chain Management (SCM)
  • Human Capital Management (HCM) and HR Tech
  • Customer Experience Management (CXM)
  • Marketing Automation
  • Content Management & Collaboration
  • Professional Service Automation (PSA)
  • Vertically focused Application Software
Meet the team
  • Paul-Noël Guély

    Managing Partner, London

  • Varun Sunderraman

    Partner, London

  • Rohit Shiralkar

    Managing Director, London

  • Daniel Fugmann

    Managing Director

HOLD AND DRAG TO NAVIGATE through THE DEALS

  • Apr 2022
    acquired
    (A portfolio company of Thoma Bravo)
    Read more
  • Mar 2022
    (portfolio companies of EQT and TA Associates)
    significant minority investment by
    $10,000 million
    Read more
  • Mar 2022
    majority investment by
    Read more
  • Mar 2022
    A portfolio company of Battery Ventures
    acquired by
    $1,120 million
    Read more
  • Feb 2022
    growth investment by
    $62 million
    Read more
  • Dec 2021
    acquired by
    Read more
  • Dec 2021
    (a portfolio company of Silversmith Capital Partners and Farview Equity Partners)
    majority growth investment by
    Read more
  • Dec 2021
    (a portfolio company of Providence Equity Partners)
    acquired by
    Read more
  • Sep 2021
    growth investment by
    $177 million
    Read more
  • Sep 2021
    (a portfolio company of Montagu)
    acquired by
    (a portfolio company of TA Associates and Hg)
    Read more
  • Jul 2021
    (a portfolio company of CME Group, Insight Partners and Eight Roads Ventures)
    majority growth investment by
    Read more
  • Jun 2021
    (a portfolio company of Hg and Vista Equity Partners)
    acquired by
    (backed by Five Arrows and TA Associates)
    $1,355 million
    Read more
  • May 2021
    acquired
    (a portfolio company of Insight Partners)
    $1,170 million
    Read more
  • Apr 2021
    acquired by
    (a portfolio company of Silver Lake)
    $550 million
    Read more
  • Mar 2021
    (a portfolio company of Advent International)
    acquired by
    $2,150 million
    Read more
  • Mar 2021
    (a portfolio company of CBPE)
    acquired by
    $605 million
    Read more
  • Mar 2021
    acquired by
    $220 million
    Read more
  • Feb 2021
    majority growth investment by
    Read more
  • Jan 2021
    acquired
    (a portfolio company of TA Associates)
    $700 million
    Read more
  • Jan 2021
    (A portfolio company of Marlin Equity Partners)
    merged with
    (A portfolio company of Francisco Partners)
    Read more
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