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IT and Software M&A Market Update – November 2025

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Excendio IT & Software Newsletter and Market Update

by Madhur Duggar, Excendio Advisors

Excendio Advisors’ IT Newsletter for November is now live. Here are highlights of what we’re seeing across the MSP and IT services market.

Active Searches: We have new buy-side and sell-side mandates across MSP, cybersecurity, and cloud consulting. If you’re considering a transaction in the next 6–24 months, it may be a good time to compare notes.

Wall Street vs Main Street: Equity markets seem to have become disconnected with employment growth.

ITN Grow Tampa 2025 Takeaways: Good M&A advisors pay for themselves, when your leverage peaks in a transaction, earnouts are not free money and more.

Podcast: OBBBA Explained: Our latest M&A Insights episode with Dave Wanis (Weave) covers key OBBBA tax changes that impact MSPs, from QBI and QSBS benefits to R&D expensing, interest deductions, and overtime rules.

Recent M&A Activity: Another busy month with activity from strategic acquirers and financial investors. Buyer appetite remains strong for well-run firms with recurring revenue discipline.

Valuation Check-In: We continue to update our public and private market multiples. If you want a quick, confidential valuation benchmark, ask us here — we’ll run it at no cost.

Receive your copy of the November 2025 Newsletter by clicking here.

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