Private Equity and Platform Expansion Drive M&A in the Technology Sector in 2025

In this short video, Michal Skuza from Trigon – IMAP Poland talks to Claire Smedley from IMAP HQ about how platform growth, succession planning, and stable valuations are fueling investor appetite in the Technology sector.

Software Firms Pursue Strategic Acquisitions to Scale Faster

M&A activity in the Technology sector, particularly in Software, remains robust in 2025. Software companies are increasingly acquiring complementary businesses to expand into high-growth verticals - creating stronger, more attractive platforms for future consolidation.

This trend reflects the strategic shift among tech companies toward scalable growth. Buyers are targeting acquisitions that add value through product synergies, sector specialization, and cross-sell opportunities.

Private Equity Targets Product-Driven, Horizontal Platforms

Trigon – IMAP Poland recently advised on two large transactions which underline how private equity funds are approaching the market. Both involved horizontal software platforms with significant room for expansion through M&A.

Financial sponsors are showing clear preference for product-oriented businesses - valued for their scalability, recurring revenues, and fit within buy-and-build strategies. Service-based models, by contrast, are receiving less attention in the current environment.

Founder Succession Adds to M&A Pipeline

In parallel with platform growth, succession planning is playing an increasing role in Tech sector transactions. As founders look for exit solutions or new capital partners, strategic buyers and private equity funds are stepping in to ensure business continuity and unlock growth.

This trend is especially visible in Europe, where many founder-led software firms are now reaching key inflection points.

Tech Valuations Have Normalized, Opening Buy-Side Opportunities

After peaking during the COVID investment surge, Technology sector valuations - especially in high-growth sectors - have now stabilized. With interest rates elevated, buyers are focusing on fundamentals and value creation potential.

This correction has created a more balanced environment for financial sponsors and strategic acquirers alike, offering access to quality targets at realistic valuations.

IMAP Advises Tech Companies and Financial Sponsors Worldwide

With a strong international partnership and deep industry expertise, IMAP’s Technology teams continue to support private equity and software clients on cross-border M&A mandates. Whether advising on founder transitions, buy-side growth strategies, or international expansion, IMAP brings local insight and global reach.

Watch the full interview here.