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Enterprise Operating System Platforms sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Enterprise Operating System Platforms

1.1 - About Enterprise Operating System Platforms sector

Companies in the Enterprise Operating System Platforms category build and maintain the core software that powers servers, cloud instances, and edge devices across large organizations. They provide hardened, supported operating environments with long-term maintenance, enterprise tooling, and certified compatibility for mission‑critical workloads. These strategic buyers enable standardized infrastructure, consistent security baselines, and predictable performance across heterogeneous hardware and cloud ecosystems.

Offerings typically include enterprise server OS distributions with hardened kernels, role-based access controls, and FIPS/FedRAMP-aligned security profiles. Vendors layer in lifecycle and patch management, live kernel updates, and centralized configuration via management consoles or APIs. They support virtualization stacks and container runtimes, integrate with Kubernetes, provide high‑availability clustering and storage management, and deliver certified images for major clouds and OEM hardware to streamline deployment and compliance.

Typical customers include enterprise IT organizations, cloud and data center operators, and government or regulated institutions managing mission‑critical workloads. Outcomes include higher uptime through resilient clustering, faster patching and standardized builds for stronger security, workload portability across on‑premises and public clouds, and reduced operating costs via automation, consolidated tooling, and vendor-certified support. These platforms also improve auditability and policy enforcement for compliance-sensitive environments.

2. Buyers in the Enterprise Operating System Platforms sector

2.1 Top strategic acquirers of Enterprise Operating System Platforms companies

Arrcus Logo

Arrcus

HQ: United States Website
  • Description: Provider of software-defined networking solutions delivering the Arrcus Connected Edge (ACE) platform and ArcOS network operating system to give enterprises and service providers high-performance routing, switching and edge connectivity for AI, cloud and data-center workloads while offering flexible consumption models and the lowest total cost of ownership.
  • Key Products:
  • Arrcus Connected Edge (ACE): End-to-end networking software platform delivering scalable routing and switching with flexible consumption options to lower total cost of ownership for enterprises and service providers
  • ArcOS for Kubernetes on NVIDIA BlueField-3 DPUs: Automates deployment and lifecycle management of high-performance networking in Kubernetes clusters by offloading data-plane functions to DPUs for AI-scale workloads
  • ArcOS with NVIDIA DOCA Platform Framework: Integrates ArcOS routing stack with NVIDIA DOCA to unlock secure, energy-efficient datacenter networking, enabling scalable, cloud-native infrastructure for AI, edge and cloud environments
  • SRv6 TI-LFA Fast Reroute: Segment-Routing based feature that precomputes backup paths to deliver sub-50 ms failover, 100 % protection against link or node failure, minimizing data loss for critical applications.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Enterprise Operating System Platforms sector

M&A buyer group 1: Virtualization

8 companies View group →
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NComputing

NComputing

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of virtualization and thin-client computing solutions that enable secure, centrally managed VDI and DaaS environments through Linux-based endpoints, thin-client hardware and endpoint management software, allowing organizations to repurpose existing x86-64 PCs, lower costs and strengthen security.
  • Key Products:
  • vSpace Server for Linux: Server-based software supporting Ubuntu 14.04–18.04 that offers client session monitoring, virtual IP, optimized video playback and inter-client messaging for multi-user desktop delivery
  • vSpace Server for Windows: Software that leverages Microsoft Remote Desktop Services on Windows to host sessions, letting multiple users share a single Windows instance efficiently
  • VERDE VDI Enterprise Edition 8.x: KVM-based virtualization platform deployable on bare-metal or cloud that delivers full Virtual Desktop Infrastructure with multi-language support for enterprise customers
  • Thin/Zero Client Hardware: Compact endpoint devices paired with NComputing software to create virtual desktops, allowing many users to access one operating system simultaneously and reduce hardware spend
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Key Products: ████████, ████████, ████████, ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Enterprise Operating System Platforms sector

3.1 - Buyout funds in the Enterprise Operating System Platforms sector

Buyout Funds investing in Enterprise Operating System Platforms companies

51+ funds
Description: Buyout funds focused on Enterprise Operating System Platforms companies globally.

TPG

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Enterprise Operating System Platforms
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Enterprise Operating System Platforms sector

Growth Equity Funds in Enterprise Operating System Platforms companies

41+ funds
Description: Growth equity funds focused on Enterprise Operating System Platforms companies globally.

Summit Partners

Website HQ: United States
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Enterprise Operating System Platforms
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Enterprise Operating System Platforms companies

4.2 - Public trading comparable groups for Enterprise Operating System Platforms sector

Valuation benchmark group 1: Cloud Infrastructure Software Companies

25 companies View group →
Description: Companies in this trading comparable group are public software vendors providing cloud-native infrastructure platforms that ensure application performance, security, data resilience, and developer productivity. Revenue is predominantly subscription and usage-based, with high gross margins and enterprise contracts. They are grouped as valuation benchmarks due to mission-critical offerings, large-scale networks or platforms, and similar go-to-market motions selling to IT and engineering teams across mid-market and enterprise customers.
AppLovin logo

AppLovin

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of software-based platforms for advertisers and app developers to enhance marketing, monetization, and user engagement. Offers tools to optimize marketing investments, manage ad performance, and drive in-app purchases for various mobile applications.
  • Key Products:
  • AppDiscovery: Marketing software solution for user acquisition and engagement
  • MAX: Monetization platform to enhance ad revenue
  • AppLovin Exchange: Marketplace for bidding on ad inventory
  • Adjust: Mobile app measurement and analytics platform
  • Lion Studios: Game publishing and promotion for mobile developers.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Enterprise Operating System Platforms sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Enterprise Operating System Platforms sector

Who are the top strategic acquirers of Enterprise Operating System Platforms companies?

Top strategic buyers in this sector include Arrcus, a provider of software-defined networking solutions delivering the arrcus connected edge (ace) platform and arcos network operating system to give enterprises and service providers high-performance routing, switching and edge connectivity for ai, cloud and data-center workloads while offering flexible consumption models and the lowest total cost of ownership. .

Which buyer groups are most relevant for Enterprise Operating System Platforms companies?

Relevant strategic buyer groups similar to the Enterprise Operating System Platforms sector include Virtualization because they share similar customer segments and product capabilities.

Financial Investors in Enterprise Operating System Platforms sector

Which are the top PE firms investing in Enterprise Operating System Platforms companies?

Potential investors in the broader Enterprise Operating System Platforms space include Summit Partners and TPG.

Who are the top buyout funds acquiring Enterprise Operating System Platforms companies?

Active PE funds and buyout funds acquiring companies in the Enterprise Operating System Platforms space include TPG.

Who are the top growth equity funds investing in Enterprise Operating System Platforms companies?

Growth funds investing in the broader Enterprise Operating System Platforms sector include Summit Partners.

Valuation of Companies in Enterprise Operating System Platforms sector

Which are the key public companies that are relevant trading comps for Enterprise Operating System Platforms companies?

Key trading comparable groups include AppLovin, a provider of software-based platforms for advertisers and app developers to enhance marketing, monetization, and user engagement. offers tools to optimize marketing investments, manage ad performance, and drive in-app purchases for various mobile applications..

Which are the key trading comparable groups for Enterprise Operating System Platforms companies?

Similar trading comparable companies include Cloud Infrastructure Software Companies. Our platform tracks detailed trading comparable groups in the Enterprise Operating System Platforms sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Enterprise Operating System Platforms sector?

Our platform tracks M&A transactions in the Enterprise Operating System Platforms sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Enterprise Operating System Platforms?

Access recent funding rounds in the Enterprise Operating System Platforms sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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