M&A advisory for professional services software companies
Professional services software M&A is one of the busiest corners of vertical SaaS. PE platforms run long roll-ups in legal tech, accounting and tax, agency PSA and other firm-management categories, and strategic acquirers in the major legal and accounting software groups are persistently active.
PE platforms running multi-year roll-ups in legal tech, accounting and tax, and agency PSA are the most active buyers, alongside strategic acquirers in the major legal and accounting software groups expanding across adjacent firm-management categories. Flow has direct access to the vertical PE platforms and strategic acquirers that transact in professional services software.
Flow team has relevant sector experience and has worked with professional services software companies across legal practice management, accounting and tax for firms, agency and consulting PSA, architecture and engineering firm management, and vertical practice systems.
"Professional services software" KPIs M&A buyers look at
Key metrics strategics and PE buyers look at when analayzing professional services software M&A targets
ARR
Net retention
Seats per firm
Firms / customers
Module attach
CAC payback
Gross margin
ARPU per firm
Renewal rate
Logo retention
Professional services software valuations in May 2026
Public professional services software comps trade at 1.8x EV/Revenue. Median revenue multiple across professional services software M&A deals was 3.3x in the last 12 months.
1.8x
Median EV/Revenue as of May 2026 for public professional services software companies
3.8x
Constellation Software is the highest valued public professional services software company based on EV/Revenue (excluding outliers)
3.3x
Median EV/Revenue across professional services software M&A deals in the last 12 months
14x
Median EV/Revenue across professional services software VC rounds in the last 12 months
Key recent professional services software M&A deals
$4.9B acquisition of NAVEX Global by Goldman Sachs Asset Management was the largest professional services software M&A transaction completed in the last year.
See all professional services software M&A deals| Logo | HQ | Description | Buyer | ||||
|---|---|---|---|---|---|---|---|
Jul-25 | NAVEX Global |  | NAVEX Global is a Portland, Oregon-headquartered provider of compliance and ethics management software used by over 10,000 organizations worldwide. Its integrated platform includes hotline reporting via EthicsPoint, policy management through PolicyTech, and risk assessments powered by Resolver. NAVEX supports ESG reporting, third-party due diligence, and training modules compliant with regulations like GDPR and SOX. The company partners with enterprises such as Coca-Cola and Deloitte for automated incident tracking and audit trails. | Goldman Sachs Asset Management | $4.9B | - | |
Jul-25 | AccuLynx | | AccuLynx is a cloud platform for roofing contractors integrating CRM, sales tracking, project management, estimating, e-signatures, financing, and communications. It connects with EagleView, Hover, ABC Supply, QuickBooks, Sage Intacct, CompanyCam, and Zapier for seamless workflows. | Verisk Analytics | $2.4B | - | |
Nov-25 | Raptor Technologies | | - | Warburg Pincus | $1.8B | - | |
Dec-25 | Tackle | | Tackle is a revenue operations platform that enables software vendors to sell through AWS Marketplace, Azure Marketplace, and Google Cloud Marketplace. Founded in 2016 and headquartered in Denver, the service automates product listings, contract management, and performance analytics for cloud channel sales. Tackle integrates with CRM systems to track marketplace transactions and optimize pricing strategies. | AppDirect | $1.3B | - | |
Jun-25 | vLex |  | - | Clio | $1.0B | - | |
Jul-25 | Subsplash | | - | Roper Technologies | $800M | - | |
Jun-25 | Harbor | | Harbor is a London-headquartered provider of strategy consulting, legal technology, operations optimization, and intelligence services for law firms and corporate legal departments worldwide. The firm deploys proprietary software for contract analysis, e-discovery, and risk assessment in mergers, litigation, and regulatory compliance. | BayPine | $600M | - | |
Aug-25 | Cartiga | | Cartiga is a New York-based litigation finance firm leveraging proprietary data from 25 years of case analytics. The platform predicts settlement values and trial outcomes for commercial disputes, funding law firms in antitrust and IP matters. Cartiga deploys capital in United States federal courts with returns tied to recoveries. | Alchemy Investments | $540M | - | |
Apr-26 | SportsEngine | | SportsEngine is a leading provider of web and mobile software powering over 500,000 youth and amateur sports teams, leagues, and associations worldwide. The Minneapolis-headquartered platform, acquired by NBC Sports in 2016, offers registration, scheduling, website builders, and communication tools for stakeholders including coaches, parents, and sponsors across 20 sports. | PlayMetrics | $500M | - | |
May-25 | Brightflag | | Brightflag is a legal operations platform automating spend management, matter tracking, and outside counsel collaboration for corporate law departments. AI-powered invoice review classifies line items against guidelines, flagging overruns in real-time. Dublin-headquartered, it provides budgeting, vendor benchmarking, and analytics used by teams at companies like Uber and Airbnb. | Wolters Kluwer | $480M | 20x | |
Jun-25 | Wealthbox | | Wealthbox is a web and mobile CRM application for financial advisors and wealth managers. New York-headquartered, it centralizes client data, task automation, and integrations with custodians like Schwab and Fidelity. Features include pipeline tracking, document vaults, and compliance workflows. Launched in 2013, Wealthbox powers 2,000+ firms, syncing with tools such as RightCapital for planning. | Sixth Street | $200M | - | |
Jul-25 | Surancebay | | Surancebay is a SaaS platform streamlining insurance industry processes like onboarding, contracting, licensing, and compliance. The solution interconnects carriers, agencies, producers, and third-party administrators to automate form handling, data verification, and producer management workflows. | Verisk Analytics | $163M | 3.3x | |
Feb-26 | Garden | | Garden is a San Francisco-based AI platform automating patent drafting and infringement analysis for law firms and corporations. Its agents generate claims, prior art searches, and prosecution documents, integrating with USPTO databases and supporting filings in the United States and Europe. | Sauvegarder Investment Management | $150M | - | |
May-25 | TicketManager | | TicketManager is a Los Angeles-headquartered platform for corporate client entertainment management, tracking sports tickets, events, and registrations from purchase to post-event ROI analysis. It serves companies in a multibillion-dollar hospitality market, automating approvals, budgeting, and analytics for Fortune 500 firms. TicketManager handles allocations for NFL, NBA, and MLB games, plus concerts at venues like Staples Center, with integrations to Salesforce and expense software. | Valeas Capital Partners | $110M | 4.8x | |
Oct-25 | ListEngage | | ListEngage is a Salesforce consulting firm specializing in Marketing Cloud, Sales Cloud, Service Cloud, and Data Cloud implementations. The company delivers AI advisory for customer engagement, workflow automation, CRM setups, and personalization projects across North American enterprises. | Tata Consultancy Services | $73M | 3.0x |
Most active buyers of professional services software companies
Valsoft, Volaris Group and Main Capital Partners are the most active acquirers of professional services software companies in the last three years.
See all professional services software acquirers| Logo | HQ | Description | Key acquisitions | ||
|---|---|---|---|---|---|
Valsoft |  | Valsoft Corporation is a Montreal-headquartered firm acquiring and scaling vertical market software businesses. It targets established SaaS providers in niche industries, integrating technology services to expand customer reach and operational efficiency across sectors like public safety, healthcare, and construction. | CarrusSoftlinxVHL Sistemas+2 | 8 | |
Volaris Group | | Volaris Group is a technology holding company that acquires and operates vertical market software businesses serving industries such as public transit, justice, environmental services, and communications. Based in Mississauga, Ontario, Canada, it manages over 25 independent operating companies worldwide, including Trapeze Group for transportation software and Kentico for content management. Established in 2011 as a division of Constellation Software Inc., Volaris Group emphasizes long-term ownership, providing centralized finance, HR, and M&A support while allowing portfolio companies autonomy. Its network spans North America, Europe, and Asia Pacific, with software deployed in more than 20 countries. | zetVisionsComprose SoftwareSymplicity Corporation+2 | 7 | |
Main Capital Partners |  | Main Capital Partners is an Amsterdam-headquartered private equity firm exclusively investing in enterprise software companies across Benelux, DACH, and Nordics regions. It pursues buy-and-build strategies in SaaS, cloud, and vertical market software, partnering with management for operational scaling. | XaitDocumasterNextway+2 | 5 | |
Zvoove Group |  | Zvoove Group is a German software provider for personnel management and event services. Based in Berlin, it offers cloud-based platforms for shift planning, applicant tracking, time tracking, and event staffing solutions. Zvoove serves hospitality, retail, and event industries across Europe with mobile apps for employee self-service and analytics for workforce optimization. | Plan4FlexCleanManagerNivel IV+2 | 4 | |
Accenture | | Accenture is a leading IT services firm that provides consulting, system integration, and business process outsourcing to enterprises around the world. Customers of Accenture come from a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture is the world's largest professional services company by headcount with around 800,000 employees in over 120 countries. | True North SolutionsSirfin-PAAmmagamma+2 | 4 | |
Vista Equity Partners | | Vista Equity Partners is an Austin-headquartered global investment firm specializing in private equity, credit, and data-driven strategies for enterprise software companies. The firm invests across North America, Europe, Israel, and India, managing buyouts, growth equity, and structured credit in sectors like cybersecurity, financial software, and healthcare IT. Portfolio highlights include companies such as Pluralsight, Ping Identity, and TRG Screen, with a focus on operational transformations through proprietary Vista Best-in-Class Model. | SmartsheetJaggaerModel N+2 | 4 | |
Aptean | | Aptean is an Alpharetta, Georgia-headquartered global provider of ERP software tailored for manufacturing, distribution, and services industries. Platforms like Aptean ERP and Industrial Innovator manage production planning, warehouse operations, and financials for clients in food, apparel, and automotive sectors. Formed in 2012 from QAD and CDC Software mergers, Aptean operates in 22 countries. | JobRouterMomentisApparel Business Systems+2 | 4 | |
The Access Group |  | The Access Group is a software provider delivering integrated business management solutions including ERP, finance, HR, payroll, recruitment, warehousing, business intelligence, professional services automation, and manufacturing modules. London-headquartered Access Group plc serves organizations across multiple industries with cloud-based platforms that streamline operations. The company maintains a broad portfolio addressing end-to-end business needs from core financials to specialized sector tools. | DonorfyTradifyinCase+2 | 4 | |
Proceed | | - | LegalConnectRapid LegalCase Anywhere | 3 | |
Synechron | | Synechron is a New York-headquartered digital transformation consultancy founded in 2001. It serves capital markets, banking, insurance, and digital clients with 18,000 employees across 19 countries. Expertise spans AI implementations, blockchain platforms, cloud migrations, and regulatory tech for firms like Goldman Sachs and HSBC. | RapDevCloobeesDreamix+1 | 3 |
Founders and investors we've worked with
We've supported winning builders across professional services software and beyond.
MAILINGWORK
We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.
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TestSolutions
We acted as exclusive financial advisor to Swiss PE firm Patrimonium on its majority stake acquisition of TestSolutions, a Frankfurt-based software testing and IT services provider.
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Resillion
We provided buy-side advice to a dominant TIC industry player on the carve-out and acquisition of Resillion (fka Eurofins Digital Testing), a Hasselt-based digital testing, cybersecurity and forensics provider.
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Digital Asset Management Software Provider
We provided buy-side advice to Byron Capital Partners on its acquisition of a leading European digital asset management (DAM) software platform.
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Boryszew
We provided buy-side advice to Boryszew, a Warsaw-listed diversified industrial group across automotive, metals and chemicals, on industrial software market mapping and target screening for its buy-and-build strategy.
See moreRecent M&A advisory track record
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