At what enterprise value was CRAYON acquired in 2025?

During the acquisition of CRAYON by SOFTWAREONE in 2025, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of CRAYON when it was acquired by SOFTWAREONE?

The estimated EV/EBITDA multiple for CRAYON is in the range of 10x - 18x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was CRAYON acquired by SOFTWAREONE?

CRAYON was acquired by SOFTWAREONE in 2025.

What was the revenue of CRAYON at the time of the deal?

The revenue of CRAYON at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of CRAYON during the acquisition?

CRAYON's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the CRAYON acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CRAYON deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.crayon.com/fr/ressources/news2/softwareone-completes-crayon-transaction/

← DATABASE

Home Database TMT (Tech, Media, Telecom)CRAYON

07/2025

CRAYON acquired by SOFTWAREONE

NORWAY IT Services / Consulting & Integration EV 1b - 4b EUR

Context

SoftwareOne has successfully completed a recommended voluntary public tender offer to acquire 100% of the issued and outstanding shares of Crayon, marking a transformative merger between two of the world’s leading providers of software and cloud solutions. This strategic transaction creates a global heavyweight with operations in over 70 countries, combining the target’s deep expertise in IT optimization with the acquirer’s extensive global distribution network. The strategic rationale for the move centers on achieving a dominant market position in the hyperscaler ecosystem, particularly in reinforcing the partnership with Microsoft to deliver industrialized cloud and AI services at scale.

CRAYON, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Crayon is a specialized technology services organization focused on the optimization and innovation of corporate IT landscapes. The entity’s business model is built on an advisory-led framework, providing multinational enterprises with strategic guidance on software acquisition, cloud cost management, and high-level digital transformation. Its value proposition is centered on maximizing return on investment for complex cloud and data environments through proprietary software asset management methodologies and AI-enabled analytics. Strategically, the firm prioritizes long-term partnerships with global hyperscalers to deliver scalable infrastructure solutions across diverse industrial sectors. By maintaining a highly skilled workforce dedicated to technical proficiency and cost transparency, the firm facilitates the transition toward automated and secure digital ecosystems. The organization operates as a critical technical partner for organizations seeking to navigate the structural complexities of modern software licensing and cloud governance.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
09/2025	LEHIBOU	ADONYS SECURITY	FRANCE	IT Services	LeHibou completed its first strategic acquisition by taking over Adonys Security from the Adonys Group. This transaction is a key move to verticalize LeHibou's service offering in the high-margin cybersecurity market, aiming to grow this specific business unit from EUR12M to over EUR30M in revenue
09/2025	HAWK INFINITY SOFTWARE	NORDIC BIM GROUP	FINLAND	IT Services	Evolver Equity has finalized the sale of 100% of Nordic BIM Group to the investment firm Hawk Infinity. This exit marks the end of a cycle for the Evolver Fund I, which transformed NBG through a proactive "buy-and-build" strategy
07/2025	CINVEN	ARTEFACT	FRANCE	IT Services	Cinven has entered into exclusive negotiations to acquire a majority stake in Artefact, marking a strategic entry into the specialized data and AI consulting space. The transaction involves the acquisition of the platform to support its next phase of global development
06/2025	ALMAVIVA	TIVIT	BRAZIL	IT Services	Funds advised by Apax Partners have agreed to sell TIVIT, a leading Brazilian IT services and Business Process Outsourcing (BPO) platform, to Almaviva, an Italian digital transformation group, in a full exit transaction signed in June 2025
06/2025	TRUESEC GROUP	BANSHIE	DENMARK	IT Services	Truesec, a leading Nordic cybersecurity firm backed by private equity sponsor IK Partners, has entered into an agreement to acquire Banshie, a Denmark-based offensive security specialist. The transaction represents a strategic bolt-on acquisition aimed at expanding Truesec's local presence and technical capabilities in the Danish market
05/2025	AZULIS CAPITAL	ACENSI	FRANCE	IT Services	After 22 years of independence, Acensi completed its first LBO with Azulis Capital taking a minority stake. The transaction facilitated a significant capital reorganization between the two co-founders (previously 50/50 owners): One sold his entire stake and exited, while the other took majority control
05/2025	SESA GROUP	DELTA TECNOLOGÍAS DE INFORMACIÓN	SPAIN	IT Services	The transaction entails the majority stake acquisition of Delta Tecnologías de Información S.L. by Sesa S.p.A., acting through its subsidiary Var Group. This business combination is a strategic move to reinforce the group’s Digital Identity and Blockchain capabilities within the Iberian market
04/2025	PERCEVA	ADVENTIEL	FRANCE	IT Services	Perceva entered into a definitive agreement to acquire a majority stake in Adventiel, marking a major transition from its historical cooperative governance to a private equity-backed corporate structure
04/2025	MOMENTUM	SECHER SECURITY	DENMARK	IT Services	Momentum, operating as a portfolio company of the US-based private equity fund Court Square Capital, has executed the acquisition of Secher Security. The transaction was structured as a strategic add-on investment to bolster Momentum's existing technological capabilities
03/2025	SESA GROUP	INNOFOUR	NETHERLANDS	IT Services	Var Group acquired a 60% stake in InnoFour B.V. to expand its digital engineering footprint into the Benelux and Scandinavian markets. InnoFour will be integrated into the Var Industries BU, which, following this transaction, expects to reach EUR65 million in annual revenue with a team of over 200 professionals

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CRAYON by SOFTWAREONE are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).