May 1-15 '24 SaaS M&A Roundup

Two priced deals with >$100M enterprise value crossed the line, with AI and data analytics capabilities capturing the flags...

Few insights from these transactions:

• Salesforce's acquisition of Convergence is the most lucrative deal observed, with a valuation range of $150-200M for this 27-person London-based AI recommendation and assistant business. The multiple here is likely 20x or greater on an ARR basis. Given how early the company is, the deal price evidences the ongoing pr…