At what enterprise value was DATA-AL acquired in 2024?

During the acquisition of DATA-AL by CARASENT in 2024, 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 0M - 15M 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 DATA-AL when it was acquired by CARASENT?

The estimated EV/EBITDA multiple for DATA-AL is in the range of 15x - 25x. 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 DATA-AL acquired by CARASENT?

DATA-AL was acquired by CARASENT in 2024.

What was the revenue of DATA-AL at the time of the deal?

The revenue of DATA-AL at the time of the deal is estimated to be in the range of 0M - 5M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of DATA-AL during the acquisition?

DATA-AL's EBITDA is estimated to be in the range of 0M - 5M 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 DATA-AL 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 DATA-AL 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://carasent.com/press-releases/carasent-asa-acquires-data-al-and-enters-the-german-market-invitation-to-webcast-29-october-1100-cet/#:~:text=Carasent%20ASA%20(%E2%80%9CCarasent%E2%80%9D),record%20in%20the%20German%20market.

← DATABASE

Home Database TMT (Tech, Media, Telecom)DATA-AL

10/2024

DATA-AL acquired by CARASENT

GERMANY Software / Industry-Specific Software / Healthcare EV 0M - 15M EUR

Context

Carasent ASA has completed the acquisition of Data-Al GmbH, a German EHR software provider, marking Carasent's entry into the German private clinic market. The transaction was announced in a regulatory press release on 28 October 2024 and follows a year‑long evaluation process that identified Data-Al as a suitable partner for market expansion. Data-Al continues to operate under its existing brand while integrating into Carasent's broader portfolio. The acquisition aligns with Carasent's strategy to broaden its geographic reach and augment its product suite with a proven German‑market solution. By adding Data-Al's platforms, Carasent gains immediate access to a customer base of over 1,000 clinics and inherits a team with extensive local regulatory expertise. The move supports Carasent's objective to accelerate the rollout of its Webdoc X solution across Germany, leveraging cross‑selling opportunities and shared technology components. Operationally, Carasent plans to retain Data-Al's development and support staff to ensure continuity for existing clients while harmonising back‑office functions such as finance and human resources. The combined entity is expected to benefit from economies of scale in cloud hosting, joint marketing initiatives, and unified product roadmaps, which should enhance service consistency and reduce operational redundancies across the expanded market footprint.

DATA-AL, which reported an EBITDA margin of LOGIN in 2023, 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

Data-Al GmbH is a German provider of electronic health record (EHR) software serving private healthcare clinics. Founded in 1988, the company developed two core platforms, Data-Al and Data-Cur, which enable patient data capture, appointment scheduling, billing integration, and regulatory reporting. Its client base comprises more than 1,000 small to medium sized private clinics distributed across most German federal states, each operating under a subscription model that generates recurring revenue. The firm employs a local team of thirty professionals who manage product development, implementation, and support, ensuring compliance with German data protection and medical standards. Product architecture relies on modular, cloud‑based components that can be configured to match clinic size and specialty, while maintaining a single‑sign‑on interface for clinicians. Data-Al’s business model emphasizes long‑term contracts with low churn, providing a stable cash flow that supports incremental feature upgrades and integration with third‑party diagnostic tools. The company’s market position is reinforced by a reputation for deep understanding of local regulatory requirements and a support network that offers on‑site training and 24/7 help‑desk assistance. Revenue is derived primarily from software licences, maintenance fees, and optional consulting services, with a secondary income stream from data analytics add‑ons.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2023

2022

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
11/2024	SOGELINK	NETISYS	FRANCE	Software	Sogelink announced the acquisition of Netisys, marking its fifth acquisition in two years and the first major build-up since CVC's entry. This transaction strengthens Sogelink's offering for public and parapublic actors by integrating specialized tools for managing road, rail, and port infrastructures
11/2024	CREDIT MUTUEL EQUITY	TOPSOLID	FRANCE	Software	TopSolid completed its fifth LBO since 2005, welcoming Credit Mutuel Equity as a new minority reference shareholder. Historical partners Bpifrance and IRDI chose to reinvest, while Siparex (shareholder since 2018) exited
10/2024	VERALTO CORPORATION	TRACEGAINS	UNITED STATES	Software	Veralto has acquired the holding company of TraceGains. This acquisition strategically expands Veralto’s PQI segment by integrating TraceGains’ food safety software with Esko’s digital workflow solutions for packaging and label design
10/2024	VAISALA	NEVIS TECHNOLOGY	UNITED KINGDOM	Software	In October 2024, Vaisala announced the acquisition of Nevis Technology to bolster its offerings in the offshore wind market and accelerate its growth in sectors related to the energy transition. This strategic move enables the Finnish group to enhance its portfolio of solutions by combining its measurement and meteorological intelligence technologies with Nevis Technology's software and monitoring systems
10/2024	TOMRA	C-TRACE	GERMANY	Software	In October 2024, TOMRA acquired an 80% stake in c-trace from its founders and historical shareholders. The remaining 20% is retained by the founders, with TOMRA holding an option to acquire this residual stake after a two-year period
10/2024	CAPZA	JVS GROUP	FRANCE	Software	Following a competitive process led by Oaklins, JVS Group completed its fourth LBO, marking the exit of Parquest, which had been an investor since 2020. Capza invested over €55m (primarily through mezzanine debt and bond tools), while Bpifrance reinvested €6m
10/2024	SESA GROUP	SMART ENGINEERING	GERMANY	Software	On October 28, 2024, Sesa S.p.A., through its subsidiary Var Group, finalized a binding agreement to acquire a 55% majority stake in SMART Engineering GmbH, a specialized provider of CAE software and engineering simulation services
10/2024	GROUPE LACOUR	DRAGON2000	UNITED KINGDOM	Software	Lacour Group has successfully completed the 100% acquisition of the UK-based software developer Dragon2000, marking its first major international expansion since the 2023 Carlyle LBO. The transaction was funded through a combination of existing cash reserves and CAPEX facilities provided by Capza
10/2024	BONNIER CAPITAL	VERTISEIT	SWEDEN	Software	Bonnier Capital significantly increased its stake in Vertiseit to become the company’s largest shareholder, holding approximately 18% of the capital. This strategic investment served as the primary financing engine for Vertiseit’s simultaneous acquisition of its competitor, Visual Art
10/2024	SAGARD	FUTUR MASTER	FRANCE	Software	Sagard NewGen has announced the acquisition of FuturMaster, a premier SaaS provider specializing in Supply Chain Planning and Revenue Growth Management (RGM). Sagard NewGen becomes the majority shareholder, succeeding the founder, Bo Zhou, who exits the business

REFERENCES

Valuation range: EV 0M - 15M EUR

Revenue range: 0M - 5M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DATA-AL by CARASENT 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).

Press release: view release

Target: data-al

Acquirer: carasent