The Software Equity Group (SEG) regularly publishes quantitative research on the software and SaaS market M&A activity. The SEG SaaS Index contains dozens of publicly traded SaaS companies. They recently published their SEG 2023 Annual SaaS Report. It provides a ton of data on SaaS valuations and financial operating metrics. The impact of the market downturn can be clearly seen across all categories of SaaS. 

I have extracted a few key data points including:

  • SEG SaaS Index: YTD Stock Market Performance
  • SEG SaaS Index: Public Market Multiples
  • TTM Revenue Growth Rate Distribution
  • SEG SaaS Index: Public Market Multiples Monthly TTM
  • SEG SaaS Index: Financial Performance
  • Select Companies by Weighted Rule of 40%
  • Median TTM Revenue Growth by SaaS Category
  • Median EV/TTM Revenue Multiple by SaaS Category
  • SEG SaaS Index: Top 20 By EV/TTM Revenue
  • SEG SaaS Index: Bottom 20 By EV/TTM Revenue
  • M&A Volume: Overall Software Industry
  • SaaS M&A Highlights: Deal Volume
  • SaaS M&A Highlights: Top Product Categories By Deal Volume

SEG SaaS Index: YTD Stock Market Performance

SEG 2023 Annual SaaS Report

SEG SaaS Index: Public Market Multiples

SEG 2023 Annual SaaS Report

TTM Revenue Growth Rate Distribution

SEG 2023 Annual SaaS Report

SEG SaaS Index: Public Market Multiples Monthly TTM

SEG 2023 Annual SaaS Report

SEG SaaS Index: Financial Performance

SEG 2023 Annual SaaS Report

Select Companies by Weighted Rule of 40%

SEG 2023 Annual SaaS Report

Median TTM Revenue Growth by SaaS Category

SEG 2023 Annual SaaS Report

Median EV/TTM Revenue Multiple by SaaS Category

SEG 2023 Annual SaaS Report

SEG SaaS Index: Top 20 By EV/TTM Revenue

SEG 2023 Annual SaaS Report

SEG SaaS Index: Bottom 20 By EV/TTM Revenue

SEG 2023 Annual SaaS Report

M&A Volume: Overall Software Industry

SEG 2023 Annual SaaS Report

SaaS M&A Highlights: Deal Volume

SEG 2023 Annual SaaS Report

SaaS M&A Highlights: Top Product Categories By Deal Volume

SEG 2023 Annual SaaS Report


Also published on Medium.

By John Mecke

John is a 25 year veteran of the enterprise technology market. He has led six global product management organizations for three public companies and three private equity-backed firms. He played a key role in delivering a $115 million dividend for his private equity backers – a 2.8x return in less than three years. He has led five acquisitions for a total consideration of over $175 million. He has led eight divestitures for a total consideration of $24.5 million in cash. John regularly blogs about product management and mergers/acquisitions.