Top 3 Software Holding Companies Companies With $10M–$100M Revenue (November 2026)

Seattle, Washington, United States

SaaS Group is a Berlin-based acquirer and operator of vertical SaaS businesses, founded in 2018 by Tim Schumacher and partners. The company buys profitable or near-profitable SaaS products generating between $1 million and $10 million in annual recurring revenue, operates them indefinitely under their original brand names, and reinvests operating cash flow into further acquisitions. Its model is explicitly modeled on Constellation Software rather than a private equity fund structure: SaaS Group holds companies permanently, never flips them, and always acquires 100 percent of the equity. As of mid-2024, SaaS Group has completed 20 acquisitions, and its portfolio companies collectively generate $60 million in combined ARR with more than 300 employees across the group. The parent company targets a 20 to 30 percent EBITDA margin across the portfolio and describes itself as profitable. In early 2024, SaaS Group closed its first-ever external equity round, raising $25 million by selling a single-digit percentage of the parent company to a group of experienced SaaS entrepreneurs. The portfolio includes brands such as Dash This, UserSnap, Scraper API, Rewardful, Prerender, Zenloop, and DeployBot, among others. Acquisition multiples typically range from 2x to 4x ARR, and deals are financed through a combination of operating cash flow, a pre-approved debt facility, and the 2024 equity raise. Two portfolio companies, Zenloop and Crostalon, were acquired out of insolvency proceedings.

Austin, Texas, United States

As the leader in Enterprise Software, our powerful IgniteTech platform helps organizations grow revenue, optimize expense and accelerate transformation through a model where every customer has access to every product in our portfolio.

Czech Republic

iTrinity is a Slovak-based software holding company that acquires and operates a portfolio of SaaS products. Founded in 2014 as Mangools, a bootstrapped SEO toolset, the company began acquiring businesses in 2018 in partnership with Palefire Capital, a Czech private equity fund that owns 50% of iTrinity. As of early 2025, the portfolio spans eight products, including Uptime Robot, Mangools, Warm Up Inbox, Deadline Funnel, and Topic Ranker, among others. The combined portfolio generated approximately $25 million in ARR in 2024, up 46% from roughly $18 million in 2023 and more than triple the $7 million recorded at the end of 2021. The business is highly profitable, with an EBITDA margin of 56% in 2024, translating to approximately $14 million in EBITDA. iTrinity funds its acquisitions entirely from operating cash flow, carrying no debt. The company employs 90 people and operates a shared-services model for marketing and customer support while maintaining separate development teams for individual products. CEO Mike Afanas told Latka in February 2025 that iTrinity is actively seeking additional acquisitions, typically paying 2x to 8x ARR in all-cash deals structured as 80% at close and 20% released from escrow within three to six months.