the serial acquirer Market Observatory · 2026-Q3

Deals › TeamSystem › ClicData Sas (FR, data analytics)

TeamSystem acquired ClicData Sas (FR, data analytics) 2025

3.8 EUR m of annual revenue, bought in 2025. What was paid, per unit of that revenue — and where the figure comes from.

In 2025, TeamSystem acquired ClicData Sas (FR, data analytics) — a company with 3.8 EUR m of annual revenue — and paid 4.16x that revenue. The basis is measured. Guess first if you like; the answer and its source follow.

Guess firstSame rules as the game on the front page: log scale, 100 points for the exact figure.
Annual revenue
3.8 EUR m
Acquired
2025
Buyer’s deals that year
22
Sector
not disclosed
3.00x
0.50x15x
BuyerAcquired companyRevenue, EUR mYearPrice paidBasis
TeamSystemClicData Sas (FR, data analytics)3.820254.16xmeasured
Basis — measured: consideration and revenue both stated in the acquisition note — nothing computed but the division.

Where this price sits

Among the 28 single-company prices in the register, 4.16x sits at the 70th percentile — above the register median of 3.14x. TeamSystem’s own 4 disclosed prices run from 3.14x–13.95x with a median of 6.82x; this one is below its median. The buyer made 22 acquisitions that year, of which this is one of the 4 with a usable price.

What this does not support

Source

Read from the buyer’s filed account: https://www.teamsystem.com/en/investors/annual-reports-eng/. Nothing is modelled or estimated — method and limits.

Related

All of TeamSystem’s acquisitions on file · Multifatture S.r.l. (IT, property-management software) (2025, 3.14x) · Rochelle Luxco (Sellsy + Quipu, FR/ES) (2025, 9.47x) · Visma · CXM Holding (MobilExpense) (4.22x) · every deal on file

The rest of the register

Guess what serial acquirers paid →What European software serial acquirers actually pay, from filed accounts. Guess the price, then see the source.
What was paid, per unit of revenue →Every disclosed acquisition price in the register, one row per observation, coloured by how well it is evidenced.
The acquirers, one by one →Every tracked buyer with its prices, capital deployed, debt and what its capital costs.
Every deal on file →One page per disclosed acquisition, with the filed source and where its price sits in the register.
How much they deploy →How much capital each European software serial acquirer actually puts to work, and across how many acquisitions.
What they owe, and what it costs →Net debt against revenue, the interest each buyer actually pays, and every credit facility on file with its terms.
What their own capital costs →An estimate of what each buyer pays for capital, set against the 20-30% return they demand of the companies they buy.
Method, limits and imprint →How every figure in this register is sourced, what the sample does not support, and the legal notices.

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Figures as at 2026-09-08. Every number on this page comes from a filed account or a company’s own published report — how, and what it does not support.