Tech M&A Deals Between $20M and $200M (2026)
Announced tech acquisitions with a publicly disclosed value between $20 million and $200 million, the range most founder-owned software companies sell in, tracked from public sources with a source link on every row. Part of the ProCloser Tech & SaaS M&A Deal Index.
ProCloser tracks 28 $20M to $200M deals in its Tech M&A Deal Index, 7 announced in the last 30 days, covering May 21, 2026 to Aug 17, 2026.
The largest disclosed $20M to $200M deal is HCLTech's acquisition of Sarvam AI for $150.7 million (News).
28 of 28 deals disclosed a value; the others are listed as undisclosed.
The most active acquirers in this cut are Aurum PropTech (2) and Elastic (2).
The most frequently credited advisors are UBS Investment Bank (1), Protiviti India Member Pvt Ltd (1) and Singhi Advisors (1).
Private equity buyers account for 7% of $20M to $200M deals; 32% were cross-border.
Last updated Aug 18, 2026.
About this cut
This page collects announced tech acquisitions with a publicly disclosed value between $20 million and $200 million, the range most founder-owned software companies sell in. It currently lists 28 deals announced between May 21, 2026 and Aug 17, 2026, with 7 added in the last 30 days. The largest disclosed transaction is HCLTech's purchase of Sarvam AI for $150.7 million. 28 of the 28 deals carry a disclosed value; the remaining 0 were announced without terms and are shown as undisclosed rather than estimated. Across the cut, public company buyers led with 15 deals and 9 deals crossed a border. Repeat acquirers include Aurum PropTech (2) and Elastic (2) and advisors credited in public sources include UBS Investment Bank (1), Protiviti India Member Pvt Ltd (1) and Singhi Advisors (1). Use the filters to narrow by buyer type, size or geography, or download the CSV and JSON for your own analysis. Every row links to the public source it was taken from.
$20M to $200M deals
Showing 28 of 28 deals · Reset filters · Filters need JavaScript; the full table is always in the page.
| Date | Target | Acquirer | Buyer type | Sector | Geo (target → acquirer) | Value | Sell-side advisor | Source |
|---|---|---|---|---|---|---|---|---|
| AttributeAI and cloud spend management platform | DoiT | Strategic | Data infrastructure | IL → US | $65Mnot officially disclosed, estimated; converted from estimated $65 million | Not disclosed | News | |
| CordelLiDAR-based rail infrastructure scanning | Vossloh | Strategic | Other tech | GB → DE | $36.8Mconverted from GBP | Not disclosed | News | |
| Semtech's cellular module businesscellular connectivity modules for IoT devices | Compal Electronics | Public company | Data infrastructure | US → TW | $62Mcash, subject to customary adjustments | UBS Investment Bank | SEC 8-K | |
| MirantisAI cloud software and orchestration | IREN | Public company | Data infrastructure | n/a → n/a | $40Mcash and other consideration plus approximately 12.6 million ordinary shares | Not disclosed | News | |
| Ju Fu Limitedadvertising and digital marketing services | Hitek Global Inc. | Public company | Martech | CN → CN | $20Mcash plus deferred cash consideration and stock | Not disclosed | News | |
| Mistral DataUK rail software and data platforms | Tracsis | Public company | SaaS | GB → GB | $61.0Menterprise value, cash-free debt-free basis, converted from GBP | Not disclosed | News | |
| FlipturnEV charging and energy management software | Einride | Public company | Data infrastructure | US → SE | $38.4Mpaid in Einride ADSs plus earnout consideration | Not disclosed | News | |
| Locon Solutionsreal estate marketplace platform | Aurum PropTech | Public company | Ecommerce tech | IN → IN | $55.2Mconverted from INR; approximate | Not disclosed | News | |
| Housing.comonline real estate marketplace and transactions | Aurum PropTech | Public company | SaaS | IN → IN | $55.2Mconverted from INR; all-equity deal via share issuance | Not disclosed | News | |
| CardinalOpsAI-powered detection engineering for SOCs | Cribl | Strategic | Cybersecurity | IL → US | $100Mestimated, not officially disclosed; converted from around $100 million | Not disclosed | News | |
| SAM Seamless Networktelecom network cybersecurity software | Qualcomm | Public company | Cybersecurity | IL → US | $150Mestimate per Calcalist, deal value may exceed this; converted from more than $150 million | Not disclosed | News | |
| onPlatinummanaged IT, security, and advisory services | efex | PE-backed strategic | IT services | AU → AU | $30Mup to; converted from AUD | Not disclosed | News | |
| Deductive AIAI agents for automated bug detection/resolution | Elastic | Public company | Devtools | n/a → n/a | $85Mup to; converted from up to $85 million | Not disclosed | News | |
| WeXL EduAI-powered student assessment and learning platform | GACM Technologies | Strategic | Vertical AI | IN → IN | $60.2Mconverted from INR at approx 83 INR/USD; deal is for a 30% stake | Not disclosed | News | |
| First Streetphysics-based climate risk data and analytics | MSCI Inc. | Strategic | Data infrastructure | n/a → n/a | $120Mcash at closing, plus potential additional payments over two years if revenue thresholds met | Not disclosed | News | |
| VDA Infosolutionsenterprise IT infrastructure and cybersecurity services | Rashi Peripherals | Public company | IT services | IN → IN | $42.4Mconverted from INR at approx 87 INR/USD; for 67% stake, company valued at ₹550 crore | Protiviti India Member Pvt LtdBuy-side: Singhi Advisors | News | |
| DeductiveAIAI-powered bug detection and resolution | Elastic | Public company | Devtools | n/a → n/a | $85Mup to | Not disclosed | News | |
| GMTmoney transfer, payroll, forex, payments | Western Union | Public company | Fintech | IL → US | $70M | Not disclosed | News | |
| Sarvam AIgenerative AI and LLM startup | HCLTech | Public company | Vertical AI | IN → IN | $150.7M10.5% minority stake, cash, part of Series B round | Not disclosed | News | |
| CyberCatch HoldingsAI-enabled continuous penetration testing SaaS | Datavault AI | Public company | Cybersecurity | CA → US | $99.9Mconverted from CAD, all-stock deal | Not disclosed | News | |
| Kirana ClubB2B grocery ordering platform for kirana retailers | Meesho | Strategic | Ecommerce tech | IN → IN | $24.3Mcash consideration; converted from INR at approx 83 INR/USD | Not disclosed | News | |
| Minusalary-on-demand financial wellbeing platform | Betterfly | Strategic | Fintech | MX → CL | $100Mestimated to close at | Not disclosed | News | |
| Vitalwarehealthcare revenue cycle management software | Med-Metrix | Strategic | SaaS | US → n/a | $147Mcash | Raymond James | SEC 8-K | |
| BeedigitalAI-powered digital marketing platform for SMEs | GPF Partners | Private equity | Martech | ES → ES | $108Mapproximate enterprise value, converted from EUR | MediobancaBuy-side: EY | News | |
| Flockcommercial fleet insurance risk analytics | The Admiral Group | Strategic | Fintech | GB → GB | $101.6Mconverted from GBP | Not disclosed | News | |
| StackAIno-code AI agent-building platform | Asana | Public company | Vertical AI | n/a → US | $75M | Not disclosed | News | |
| Genie Securityendpoint-based data leak prevention | Cyera | Strategic | Cybersecurity | IL → n/a | $50Mreported estimate | Not disclosed | News | |
| CaduceusHealthmedical billing and revenue cycle management | Innovaccer | Strategic | SaaS | n/a → US | $66Mreported by unnamed sources, not officially confirmed | Not disclosed | News |
Frequently asked questions
How many $20M to $200M deals does the index track?
28 deals so far, 7 of them announced in the last 30 days. The count changes as the daily pipeline verifies new announcements; the full dataset is downloadable as CSV or JSON from the hub.
What counts as a $20M to $200M deal here?
This cut includes announced tech acquisitions with a publicly disclosed value between $20 million and $200 million, the range most founder-owned software companies sell in. Sector and buyer type are taken from the announcement text; rows where those had to be inferred are marked medium confidence in the JSON.
Why do some $20M to $200M deals show no value?
Because the parties did not publish one. We record a value only when a dollar figure appears in the public source and never estimate, so undisclosed means undisclosed.
I am selling a software company. Who should I talk to?
The advisor league lists firms publicly credited on tracked deals. For a fit-based introduction, get matched with a vetted M&A advisory firm, free to sellers. For pricing context see EBITDA multiples by industry.
ProCloser.ai. "Tech M&A Deals Between $20M and $200M (2026), ProCloser Tech M&A Deal Index." https://procloser.ai/deals/20m-200m/. Updated 2026-08-18.
Get matched with the right advisor for your deal.
The advisors credited in this index work deals like yours every quarter. Tell us about your company and we will match you with a vetted M&A advisory firm in your sector and size range, including success-fee-only options. Free to sellers.