Market data, valuation research, and M&A insights built from ILLUM Partners' 22 years and 440+ TMT transactions. Free to read — no signup required.
Market outlook2026Free
2026 TMT Mid-Market M&A Outlook
Market context, multiple bands, and six strategic themes driving buyer conviction in 2026. Covers Software, Services, Telecom, Cyber and Media sectors across the $15M–$500M enterprise value range.
Why Coforge paid 3.9× revenue for Encora while a major Indian IT firm paid 0.3× revenue for a European consulting business — and what this means for founders considering a sale.