Time to $1B+ M&A Acquisition in SaaS Updated 09.14.01

	B	C	D	E	F	H	J
1	Acquiror	Target	Years	Founded	Acquired	Price	Notes & Source:
2	Intuit	Mailchimp	20	2001	2021	$12,000,000,000	https://www.axios.com/intuit-buy-mailchimp-12-billion-85feba65-e142-4756-8fa6-b8af63988902.html
3	Adobe	Frame	6	2015	2021	$1,300,000,000	https://www.bloomberg.com/news/articles/2021-08-19/adobe-to-buy-frame-io-for-1-3-billion-in-cash-in-video-push
4	Bill. com	Divvy	5	2016	2021	$2,500,000,000	https://techcrunch.com/2021/05/06/why-did-bill-com-pay-2-5b-for-divvy/
5	Autodesk	Innovyze	25	1996	2021	$1,000,000,000	https://www.zdnet.com/article/autodesk-spends-1-billion-to-acquire-innovyze/
6	Okta	Auth0	8	2013	2021	$6,500,000,000	https://www.okta.com/press-room/press-releases/okta-signs-agreement-to-acquire-auth0/
7	Vista	Acquia	14	2007	2021	$1,000,000,000	https://www.coredna.com/blogs/vista-equity-partners-buys-acquia
8	Citrix	Wrike	18	2003	2021	$2,250,000,000	https://techcrunch.com/2021/01/19/citrix-is-acquiring-wrike-from-vista-for-2-25b/
9	Facebook	Kustomer	5	2015	2020	$1,000,000,000	https://techcrunch.com/2020/11/30/facebook-confirms-it-has-acquired-kustomer-sources-say-for-1b/
10	Salesforce	Slack	11	2009	2020	$28,000,000,000	https://slack.com/blog/news/salesforce-signs-definitive-agreement-to-acquire-slack
11	Vista	Pipedrive	10	2010	2020	$1,500,000,000	https://techcrunch.com/2020/11/12/european-unicorns-are-no-longer-a-pipe-dream/
12	Vista	Gainsight	11	2009	2020	$1,110,000,000	https://techcrunch.com/2020/11/30/vista-acquires-gainsight-for-1-1b-adding-to-its-growing-enterprise-arsenal/
13	Adobe	Workfront	19	2001	2020	$1,500,000,000	https://www.workfront.com/blog/adobe-completes-workfront-acquisition
14	Coupa	Llamasoft	18	2002	2020	$1,500,000,000	https://techcrunch.com/2020/11/02/coupa-software-snags-llamasoft-for-1-5b-to-bring-together-spending-and-supply-chain-data/?utm_source=dlvr.it&utm_medium=twitter
15	Twilio	Segment	9	2011	2020	$3,200,000,000
16	Salesforce	Vlocity	6	2014	2020	$1,330,000,000
17	Twilio	Sendgrid	10	2009	2019	$2,000,000,000
18	SAP	Qualtrics	16	2002	2018	$8,000,000,000
19	Splunk	SignalFx	6	2013	2019	$1,050,000,000	https://techcrunch.com/2019/08/21/splunk-acquires-cloud-monitoring-service-signalfx-for-1-05b/
20	Google	Looker	7	2012	2019	$2,600,000,000
21	Salesforce	ClickSoftware	22	1997	2019	$1,350,000,000
22	PayPal	Honey	7	2012	2019	$4,000,000,000
23	Microsoft	GitHub	10	2008	2018	$7,500,000,000
24	PayPal	iZettle	7	2011	2018	$2,200,000,000
25	Adobe	Magento	10	2008	2018	$1,700,000,000
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28	average:		11.7			$4,000,000,000
29	median:		10.0			$1,850,000,000
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31	* note: most public company acquisitions excluded, many PE deals excluded
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