The report highlights the current state of the software market, with a focus on recent transaction trends and public market analyses. The report notes that software consolidators are heavily focused on "growth acquisitions," with even small SaaS companies attracting interest if they are growing at a rate of 100% or more. Strategic M&A processes are also being catalyzed through "market checks" in parallel to companies' investment processes. The report also mentions the trend of "soft landing" exits for startups, where companies exit to strategics or PE buyers instead of raising fresh capital and continuing standalone growth. Finally, the report notes that while there were initial tailwinds for a robust IPO market in 2018, volatility could threaten the market in the near-term.
