Valuation Trading Multiples & Precedent Transactions: Cloud Infrastructure Software Companies
Valuation benchmarks for Cloud Infrastructure Software Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Cloud Infrastructure Software Companies Market Context & Valuation Drivers
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.
Core capabilities span content delivery networks and edge services, web application firewalls and DDoS mitigation, application delivery controllers and load balancing, zero‑trust access and network security, observability including APM, infrastructure monitoring, real user monitoring and log analytics, real‑time data streaming built on Kafka, and enterprise backup and disaster recovery. Many offer managed cloud services, APIs, integrations, and marketplaces supporting hybrid and multi‑cloud deployments.
Primary buyers include enterprise IT departments, DevOps and engineering teams, and digital platforms such as ecommerce and media. Key outcomes driving valuation include uptime and latency improvements, strengthened security posture, data protection compliance, and developer productivity. Typical metrics tracked are ARR growth, net revenue retention, gross margin, and Rule of 40 performance, alongside scale indicators like customer count and usage expansion.
2. Valuation Analysis: Public Trading Comps & Multiples for Cloud Infrastructure Software Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for Cloud Infrastructure Software Companies sector
Comparable group 1: Cloud Infrastructure Software Companies
A10 Networks
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of networking and cybersecurity solutions, specializing in application delivery controllers and secure application services for on-premises, cloud, and hybrid environments, enhancing reliability, scalability, and cybersecurity across digital infrastructures.
- Key Products:
- Thunder Application Delivery Controller: Advanced load balancing solution for application availability and performance
- Thunder SSLi: TLS decryption solution for security device traffic analysis
- Thunder Threat Protection System: DDoS detection and mitigation to protect services and applications
- Thunder Convergent Firewall: Integrated security solution for firewall, VPN, and DDoS protection
- Harmony Controller: Centralized management and analytics for A10 Networks appliances and services.
Akamai Technologies
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of cloud services and cybersecurity solutions, delivering secure digital content and business applications over the internet through an extensive global network and intelligent platform designed to enhance performance and security for corporations and government agencies.
- Key Products:
- Content Delivery Network: CDN services to deliver digital content with high performance and reliability
- Cloud Security Solutions: Tools for protecting websites and applications from cyber threats
- Web Performance Solutions: Technologies to optimize the speed and performance of web properties
- Edge Computing: Services that bring computing closer to the user for faster processing
- API Security: Solutions for securing APIs against attacks and vulnerabilities.