Sectors / Technology

We don’t just know tech. We are tech.

We’ve built and sold tech businesses ourselves. And we bring a global tech M&A team to back you the rest of the way.

Richard Callis and Simon Lloydbottom in conversation

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Richard and Simon on technology M&A

Why we focus on technology, what acquirers are paying for, and how we run a process in this market.

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Where we work in technology

IT managed services

MSPs, cloud and cyber. Contract quality and churn drive the multiple.

Software

SaaS and licensed software, where ARR, retention and margin are everything.

Telecoms and digital

Connectivity, unified comms and digital agencies consolidating fast.

Recent technology deals

A powerful combination

A traditional adviser brings one of these. We bring both, on every mandate.

Richard Callis
Tech operator
Richard Callis
Partner, Technology

Built, ran and exited a managed IT business as founding owner: three acquisitions, then a merger into a PE-backed group and a secondary exit.

He knows the real value drivers in a tech company: recurring revenue quality, technical team capability, client contract stickiness.

Simon Lloydbottom
Corporate finance
Simon Lloydbottom
Partner, Corporate Finance

Chartered accountant and founding partner, with deep experience across IT services M&A: listed acquirers, overseas buyers and PE investors.

He brings the financial, legal and process rigour that protects value from diligence through to completion mechanics.

Talk to Simon and Rich
Alinea / Technology M&A tracker

UK technology M&A market intelligence

546 UK technology transactions, tracked deal by deal. Who is buying, what they are paying, and where the market is moving.

Year
Sector
546Transactions tracked2024 to 2026 (year to date)
£4.4bnTotal deal valueCombined enterprise value
32%International buyersShare of all transactions
12.9xAverage EV / EBITDADisclosed deals only
43% Private equity or international buyers

Getting on for half of UK technology vendors are selling to capital or to an overseas strategic. A domestic-only process leaves value on the table.

£9.7m Median deal size

The market clusters in the £5m to £25m range. That is founder-owned, adviser-led territory.

53.5x Highest multiple recorded

A software business with high-margin recurring revenue. Sector specialism and retention are what earn a premium.

Volume and value by sector
Transaction count and aggregate enterprise value by technology category
SectorDealsValue
Deal activity by year
Completions per year
Deals are not always reported immediately. 2026 is year to date and will rise further as transactions appear in filed accounts.
Buyer geography and type
Who is acquiring UK technology businesses
Deal size distribution
Enterprise value bands, disclosed deals only (248 of 546)
EV / EBITDA multiples by sector
Average multiple where disclosed, 52 data points

546 deals tell you what the market pays. They do not tell you what your business is worth.

We track every UK technology transaction so that when you come to sell, the buyer list, the timing and the number are already known quantities. Let's talk about yours.

Alinea Corporate Finance
Source: Mark to Market and Alinea analysis. UK targets, sub-£100m enterprise value, across software, cyber security, IT support and cloud computing.
Private & confidential

Your best buyer may not be in Britain

We are the exclusive UK member of Pandion Partners. Its sector specialists reach acquirers across Europe, the Americas and Asia that you would not find alone.

Our international reach →
Pandion Partners offices worldwide
53
offices worldwide
146
professional advisers
511
deals since 2015
25
languages spoken

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