Insight Reports · 15 flagship studies
Windsor Drake's flagship research — the forces shaping technology dealmaking, written for founders, owners, and the buyers and reporters who track the lower middle market.
- The State of Software M&AThe annual review of technology dealmaking.
- The AI M&A IndexDeal volume, multiples, and the deals the data misses.
- The Dry Powder ReportThe capital overhang and what it means for sellers.
- The Acquirer IndexRanking the most active buyers of software companies.
- The Cybersecurity Consolidation ReportHow platformization reshapes who buys, who sells, and when.
- The Vertical SaaS Roll-Up ReportThe multiple arbitrage consolidating vertical software.
- The AI Acquihire ReportHow the largest AI exits are structured as hires and licenses.
- The Deal Structure ReportWhat the headline price actually contains.
- The Net-Proceeds ReportWhy what you own is not what you get.
- Why Deals DieThe diligence findings that kill transactions.
- The Sale Timeline ReportHow long a sale takes, and how to compress it.
- The Exit Readiness IndexWhat separates a sellable company from a good one.
- The Rule of 40 PremiumWhy the same growth is priced four ways.
- The Strategic vs. Sponsor MapWho pays more, and where.
- Regulation as the Deal ClockHow rules decide who can buy, and when.
Browse the full library on the Insight Reports page ›
Quarterly Research & Valuation Reports · 55+ reports
Every quarter, across four verticals and dozens of subsectors. Public-company benchmarks, disclosed M&A comps, and subsector multiples — the same analysis we run on live mandates. The full archive keeps growing.
Fintech Research · 14 reports
Q2 2026 · 6 reports
- Fintech M&A Activity: Q2 2026
- Fintech Valuations: Q2 2026
- Digital Assets & Blockchain Infrastructure Valuations: Q2 2026
- Cross-border Payments & FX Valuations: Q2 2026
- WealthTech Valuations: Q2 2026
- Treasury, AP & AR SaaS Valuations: Q2 2026
Q1 2026 · 8 reports
- Fintech M&A Activity: Q1 2026
- Fintech Valuations: Q1 2026
- PayFac / Payment Rails & Orchestration Valuations: Q1 2026
- Cross-border Payments & FX Valuations: Q1 2026
- WealthTech Valuations: Q1 2026
- InsurTech Valuations: Q1 2026
- Treasury / AP / AR SaaS Valuations: Q1 2026
- Fraud / Risk / Compliance Software Valuations: Q1 2026
AI Research · 13 reports
Q2 2026 · 6 reports
- AI M&A Activity: Q2 2026
- AI Valuations: Q2 2026
- AI Infrastructure Valuations: Q2 2026
- AI Workflow Automation Valuations: Q2 2026
- MLOps Platforms Valuations: Q2 2026
- AI in Cybersecurity Valuations: Q2 2026
Q1 2026 · 7 reports
- AI Software M&A Activity: Q1 2026
- AI Software Valuations: Q1 2026
- AI Infrastructure (Vector DBs & Model Hosting) Valuations: Q1 2026
- AI Workflow Automation Valuations: Q1 2026
- MLOps Platforms Valuations: Q1 2026
- AI in Cybersecurity Valuations: Q1 2026
- AI in Healthcare Valuations: Q1 2026
Cybersecurity Research · 14 reports
Q2 2026 · 6 reports
- Cybersecurity M&A Activity: Q2 2026
- Cybersecurity Valuations: Q2 2026
- Cloud Security (CSPM / CWPP) Valuations: Q2 2026
- Network Security & Firewall Software Valuations: Q2 2026
- Identity & Access Management Valuations: Q2 2026
- Endpoint Security (EDR / XDR) Valuations: Q2 2026
Q1 2026 · 8 reports
- Cybersecurity M&A Activity: Q1 2026
- Cybersecurity Valuations: Q1 2026
- Cloud Security (CSPM / CWPP) Valuations: Q1 2026
- Network Security & Firewall Software Valuations: Q1 2026
- IAM Valuations: Q1 2026
- Endpoint Security (EDR / XDR) Valuations: Q1 2026
- SIEM / SOAR Valuations: Q1 2026
- DevSecOps Valuations: Q1 2026
SaaS Research · 14 reports
Q2 2026 · 6 reports
- SaaS M&A Activity: Q2 2026
- SaaS Valuations: Q2 2026
- Vertical SaaS Valuations: Q2 2026
- Construction Tech SaaS Valuations: Q2 2026
- Logistics & Supply Chain SaaS Valuations: Q2 2026
- HR & Workforce SaaS Valuations: Q2 2026
Q1 2026 · 8 reports
- SaaS M&A Activity: Q1 2026
- SaaS Valuations: Q1 2026
- Vertical SaaS Valuations: Q1 2026
- Healthcare SaaS Valuations: Q1 2026
- Construction Tech SaaS Valuations: Q1 2026
- Manufacturing SaaS Valuations: Q1 2026
- PropTech SaaS Valuations: Q1 2026
- Logistics & Supply Chain SaaS Valuations: Q1 2026
New reports publish at the start of every quarter, with interim updates on major deals. See the complete, growing set in the research archive ›
Data & Tools
Live databases that sit behind the reports.
- Market Intelligence — the live deal and valuation database
- Fintech Exit Index — current fintech multiples and active acquirers
- Acquirer Index — who is buying, by sector
- All Research Reports — the complete quarterly archive