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Enterprise Reward-Based Loyalty Software sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Enterprise Reward-Based Loyalty Software

1.1 - About Enterprise Reward-Based Loyalty Software sector

Companies in the Enterprise Reward-Based Loyalty Software category build platforms that let brands run points, cashback, and incentive programs across every customer touchpoint. They manage accrual and redemption rules, deliver targeted rewards, and connect to POS, eCommerce, and mobile apps to execute in real time. The value is higher retention and spend, supported by analytics that optimize rewards economics, breakage, and customer engagement at enterprise scale.

Strategic buyers in reward-based loyalty typically offer a rules-driven points engine that supports tiers, expirations, and event triggers, campaign and offer management with personalization, a rewards catalog with digital and physical fulfillment, coalition and partner earning/redemption, and fraud, liability, and settlement controls. They provide omnichannel integrations into POS, eCommerce, apps, and CRMs via APIs, plus analytics with cohort reporting, A/B testing, and dashboards to model breakage, redemption, and program ROI.

Primary customers include enterprise retailers and grocers, QSR and convenience chains, and eCommerce/D2C brands. These platforms drive measurable outcomes such as higher repeat purchase rates, increased basket size and lifetime value, reduced churn, and improved redemption efficiency. They also strengthen data quality for segmentation and attribution, support accurate program liability forecasting, and enable cost-effective reward funding through partner networks and card-linked offers.

2. Buyers in the Enterprise Reward-Based Loyalty Software sector

2.1 Top strategic acquirers of Enterprise Reward-Based Loyalty Software companies

Thanx Logo

Thanx

HQ: United States Website
  • Description: Provider of a B2B SaaS customer engagement and loyalty platform for restaurants and retailers that uses data science and machine learning to identify top customers, automate personalized marketing, drive incremental revenue and customer lifetime value, and deliver seamless card-linked loyalty without separate cards or apps.
  • Key Products:
  • Thanx Customer Engagement & Loyalty Platform: Identifies best customers, automates personalized marketing campaigns, and boosts incremental revenue and lifetime value for restaurants and retailers via data-driven insights
  • Card-Linked Loyalty Experience: Links payment cards to loyalty, removing separate cards or apps, and enables frictionless rewards and targeted offers based on purchase data
  • Automated Targeted Offers & Communications: Uses machine learning to send personalized promotions and messages that increase visit frequency and spend
  • Data Science Insights Engine: Analyzes customer behavior to surface actionable insights for marketers, guiding campaign optimization and audience segmentation.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Enterprise Reward-Based Loyalty Software sector

M&A buyer group 1: Loyalty Software

19 companies View group →
Description: Companies in the Enterprise Loyalty Management Software category build platforms that design, operate, and scale customer loyalty programs for large organizations. They provide configurable rewards engines, tier structures, and omnichannel engagement tools integrated with POS, ecommerce, and CRM systems. The value proposition centers on driving repeat purchases, capturing first‑party data, and improving customer lifetime value through targeted incentives and personalized experiences across digital and in‑store touchpoints.
360insights

360insights

Website HQ: Canada
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of partner engagement and business optimization solutions through a SaaS channel incentives platform that lets brands orchestrate complex partner networks and optimize MDF/Co-op, rebates, promotional allowances, SPIFFs and rewards, combining incentive management, ecosystem orchestration and data analytics to grow indirect business.
  • Key Products:
  • Incentives & Rewards: Automates SPIFFs, points and loyalty programs for channel partners, tracking performance and administering rewards to motivate sales and strengthen brand engagement
  • Fund Management: Centralizes MDF and Co-Op advertising budgets, automates approvals and claim reimbursement, ensuring compliant partner marketing spend and maximizing return on promotional funds
  • Consumer Rebates: Delivers cashback programs for customers, automating rebate submission, validation and payment workflows to accelerate sell-through and improve post-purchase loyalty
  • Go-to-Market Portals: Provides secure digital portals that enable ecosystem members to access incentives, marketing resources and analytics, consolidating partner engagement into a single platform.
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Enterprise Reward-Based Loyalty Software sector

3.1 - Buyout funds in the Enterprise Reward-Based Loyalty Software sector

Buyout Funds investing in Enterprise Reward-Based Loyalty Software companies

51+ funds
Description: Buyout funds focused on Enterprise Reward-Based Loyalty Software companies globally.

Great Hill Partners

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

Growth Equity Funds in Enterprise Reward-Based Loyalty Software companies

41+ funds
Description: Growth equity funds focused on Enterprise Reward-Based Loyalty Software companies globally.

Partech

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Enterprise Reward-Based Loyalty Software
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Enterprise Reward-Based Loyalty Software companies

4.2 - Public trading comparable groups for Enterprise Reward-Based Loyalty Software sector

Valuation benchmark group 1: Customer Experience and Commerce SaaS

8 companies View group →
Description: Companies in this trading comparable group are public SaaS providers delivering customer engagement, commerce, and service management platforms. They monetize primarily through recurring subscriptions and tiered modules sold to mid‑market and enterprise accounts. These vendors are comparable due to cloud delivery, high gross margins, ARR‑driven models, ecosystem integrations, and similar product breadth and go‑to‑market motions that produce consistent valuation benchmarks across growth, retention, and unit economics.
Salesforce logo

Salesforce

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of cloud-based customer relationship management (CRM) software and enterprise applications, offering solutions for sales, customer service, marketing automation, analytics, and application development to help businesses connect with customers and streamline operations.
  • Key Products:
  • Sales Cloud: CRM that supports business sales teams by processing leads and guiding potential customers
  • Service Cloud: Platform designed to enhance customer service and support operations
  • Marketing Cloud: Digital marketing automation and analytics for personalized customer journeys
  • Commerce Cloud: E-commerce platform for creating seamless online shopping experiences
  • Einstein Analytics: AI-powered analytics for data insights and business intelligence.
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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 Reward-Based Loyalty Software 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 Reward-Based Loyalty Software sector

Who are the top strategic acquirers of Enterprise Reward-Based Loyalty Software companies?

Top strategic buyers in this sector include Thanx, a provider of a b2b saas customer engagement and loyalty platform for restaurants and retailers that uses data science and machine learning to identify top customers, automate personalized marketing, drive incremental revenue and customer lifetime value, and deliver seamless card-linked loyalty without separate cards or apps. .

Which buyer groups are most relevant for Enterprise Reward-Based Loyalty Software companies?

Relevant strategic buyer groups similar to the Enterprise Reward-Based Loyalty Software sector include Loyalty Software because they share similar customer segments and product capabilities.

Financial Investors in Enterprise Reward-Based Loyalty Software sector

Which are the top PE firms investing in Enterprise Reward-Based Loyalty Software companies?

Potential investors in the broader Enterprise Reward-Based Loyalty Software space include Partech and Great Hill Partners.

Who are the top buyout funds acquiring Enterprise Reward-Based Loyalty Software companies?

Active PE funds and buyout funds acquiring companies in the Enterprise Reward-Based Loyalty Software space include Great Hill Partners.

Who are the top growth equity funds investing in Enterprise Reward-Based Loyalty Software companies?

Growth funds investing in the broader Enterprise Reward-Based Loyalty Software sector include Partech.

Valuation of Companies in Enterprise Reward-Based Loyalty Software sector

Which are the key public companies that are relevant trading comps for Enterprise Reward-Based Loyalty Software companies?

Key trading comparable groups include Salesforce, a provider of cloud-based customer relationship management (crm) software and enterprise applications, offering solutions for sales, customer service, marketing automation, analytics, and application development to help businesses connect with customers and streamline operations..

Which are the key trading comparable groups for Enterprise Reward-Based Loyalty Software companies?

Similar trading comparable companies include Customer Experience and Commerce SaaS. Our platform tracks detailed trading comparable groups in the Enterprise Reward-Based Loyalty Software 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 Reward-Based Loyalty Software sector?

Our platform tracks M&A transactions in the Enterprise Reward-Based Loyalty Software 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 Reward-Based Loyalty Software?

Access recent funding rounds in the Enterprise Reward-Based Loyalty Software 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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