Who buys technology & software companies in Southeast Asia?
147 acquirers on our register list technology & software among their target sectors and cover Singapore, directly or through a regional or global mandate. Here is the picture market by market.
| Market | Acquirers on register | Name the market | Region-wide mandate | Global | Strategic | Private equity | Japan-HQ |
|---|---|---|---|---|---|---|---|
| Singapore | 147 | 101 | 41 | 5 | 83 | 36 | 22 |
| Malaysia | 140 | 13 | 117 | 10 | 79 | 35 | 21 |
| Indonesia | 134 | 7 | 118 | 9 | 77 | 33 | 21 |
| Thailand | 134 | 5 | 119 | 10 | 78 | 33 | 21 |
| Vietnam | 134 | 5 | 119 | 10 | 77 | 33 | 21 |
| Philippines | 132 | 3 | 119 | 10 | 77 | 33 | 21 |
By seller size (Singapore)
Counts buyers whose stated target revenue range fits, plus buyers who have not stated one.
- Under S$5m revenue44
- S$5m to S$20m89
- S$20m to S$50m123
- Above S$50m137
Valuation working benchmark
Benchmark row used: Technology / SaaS
8x to 18x EBITDA, mid 12x
GA assumption: Growth Alliance Capital working benchmarks for private Singapore and Southeast Asian deals (2024/25), not sourced market data and not a valuation.
Counted from buyers' stated interests in our register, de-duplicated, synced 8 Oct 2026. On our register means listed in it, not a relationship. We never publish buyer or client names.
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