Software, SaaS & digital businesses for sale
Profitable B2B SaaS, agencies, e-commerce stores and digital service businesses across Spain, Italy and Japan.
Market context
Bootstrapped SaaS founders from the 2012–2018 vintage are now reaching exit age. Multiples have normalised post-2022, creating a buyer's market for cash-flowing SaaS in the €500k–5M ARR band.
Typical opportunities
Vertical SaaS, B2B software, digital agencies, marketplaces, profitable e-commerce.
Who acquires here
Tech holdings, micro-PE, search funds, operators.
Hot regions for software & it services deals
Madrid, Barcelona, Valencia hubs.
Milan, Rome, Turin.
Tokyo, Osaka.
What these businesses typically sell for
Net revenue retention above 100% adds 1–2 turns to multiple.
From shortlist to closing
- 01Source & shortlist
Filter live deals by country, ticket size and operator profile. We surface the public listing plus a structured memo with the seller's public footprint, registry filings and press history.
- 02Initial outreach (NDA + LOI)
Most listings here are broker-mediated. After NDA, expect a teaser, then a CIM with audited accounts. A non-binding LOI follows once you confirm fit on price, financing and transition.
- 03Due diligence
Financial, tax, legal, commercial and operational DD over 6–10 weeks. For succession deals, retention of the founder for 6–24 months post-close is standard and often a deal-breaker if missing.
- 04SPA & closing
Local notary in ES/IT, judicial scrivener in JP. Expect earn-outs or vendor financing on 30–50% of succession deals where the seller wants tax deferral or a clean transition.
What to verify before you sign
Code DD on architecture, scalability and security posture is essential.
Solo-founder SaaS often has bus factor of 1; budget transition.
Cohort analysis over 24+ months reveals true retention.
Buying a software & it services business
- How are these software & digital businesses sourced?
- We aggregate listings from official SMB marketplaces in Spain (Bizalia, Negocius, Idealista), Italy (Cherry Acquisition, Bakeca Aziende) and Japan (Tranbi, Batonz, Smergers). Every result links back to the original public listing — we don't re-list, we surface.
- Are asking price and revenue available for every listing?
- When the source publishes them, yes — we extract asking price, revenue and EBITDA into the card. Many succession deals are listed without financials by design; for those we generate an investor memo on demand using the public footprint.
- Can I get alerted when new software & digital deals appear?
- Yes. Members get weekly off-market alerts filtered to this category and country. The cache refreshes weekly across all sources.
- Do I need to be in Spain, Italy or Japan to acquire one of these businesses?
- No. Cross-border SMB acquisitions are well-established across all three countries. Spain and Italy welcome EU and non-EU buyers with no restrictions on share purchases. Japan allows 100% foreign ownership of SMBs; the practical bottleneck is local advisors and language, both of which we can introduce members to.
- What's the typical timeline from finding a software & digital deal to closing?
- Three to nine months is normal for an off-market succession deal. Listings on official marketplaces tend to move faster (60–120 days) because the seller has already engaged a broker and prepared a teaser. Distressed and court-driven sales follow a fixed calendar set by the auction or insolvency procedure.