Valuation Trading Multiples & Precedent Transactions: Software Developer Tools Companies
Valuation benchmarks for Software Developer Tools Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Software Developer Tools Companies Market Context & Valuation Drivers
Companies in this group provide developer-centric software tools and cloud services that enable planning, building, testing, securing, and deploying applications. They monetize through subscriptions, licenses, and usage-based consumption. They are grouped as public trading comparables because they target similar developer workflows, exhibit recurring revenue characteristics, and maintain software-like gross margins, offering consistent valuation benchmarks for the developer tooling and DevOps ecosystem.
Typical capabilities span cross-platform development frameworks and IDEs, agile project and issue tracking, code hosting with version control, continuous integration and delivery pipelines, artifact and package repositories, software supply chain security and scanning, managed Kubernetes and container orchestration, cloud compute and object storage, and PaaS app deployment. These offerings integrate across the SDLC, emphasize automation, and support collaboration, governance, and scalability for modern software teams.
Primary buyers include enterprise software engineering teams, DevOps and platform engineering organizations, and SMB/startup developers across SaaS, ISVs, and digital businesses. Key outcomes driving valuation include ARR and revenue growth, net revenue retention from seat and usage expansion, high gross margins, and strong customer cohort retention. Analysts also assess product-led growth efficiency, attach rates across integrated suites, and Rule of 40 performance when using these companies as valuation benchmarks.
2. Valuation Analysis: Public Trading Comps & Multiples for Software Developer Tools Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for Software Developer Tools Companies sector
Comparable group 1: Software Developer Tools Companies
QT Group
- Enterprise value: $βββm
- Market Cap: $βββm
- EV/Revenue: β.βx
- EV/EBITDA: ββ.βx
- Description: Provider of software development frameworks and tools facilitating the creation and integration of applications and graphical user interfaces across various platforms, including desktops, embedded systems, and mobile devices
- Key Products:
- Software Development Framework: A comprehensive framework aiding in the development and integration of digital content across platforms
- Qt Creator: An AI-enabled cross-platform integrated development environment (IDE)
- Qt Design Studio: A tool for automatic code generation and prototyping user interfaces
- GUI Test Automation: Enables automated testing of graphical user interfaces
- Code Coverage Analysis: Tools for measuring and analyzing code coverage
Atlassian
- Enterprise value: $βββm
- Market Cap: $βββm
- EV/Revenue: β.βx
- EV/EBITDA: ββ.βx
- Description: Provider of collaboration, development, and issue-tracking software designed to help teams organize, plan, and manage their work effectively. Offers tools for project management, content collaboration, code management, and IT service management.
- Key Products:
- Jira Software: Project management and issue tracking tool for planning, tracking, and releasing software
- Confluence: Content collaboration platform for knowledge sharing and documentation
- Trello: Visual project management tool for organizing tasks and projects using boards, lists, and cards
- Bitbucket: Git code management solution for teams to collaborate on code development
- Jira Service Management: IT service management tool for creating and managing service requests and incidents