15 Jul 2021
49 software transactions in Q2 2021 mark another record quarter measured in number of deals in the Nordic software space since we started counting (one higher than previous quarter). The H1 2021 volume alone is now higher than the 4 quarters Q3 19 – Q2 20 combined. Whilst the appetite from investors for recurring revenue seems to be never ending, we do observe a levelling of valuation multiples. We also observe higher scrutiny among investors in assessing the quality of recurring revenue and calibrating sales multiples with growth and earnings.
Our top-ranking Nordic software team is led by Anders Strand and Juha Raunio.