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Europe's Largest Software Companies — March 2026

Last updated on 12 March 2026·Software·Europe

SAP is the largest European software company

As of March 2026, the highest-valued software companies in Europe add up to about $500B in combined enterprise value (and SAP alone accounts for half of it!).

SAP is basically a category itself — a company that became the backbone of how most large enterprises run their ops these days.

These are the most valuable software companies in Europe

This ranking includes software (or software-enabled) companies in Europe valued above $1 billion. It includes private, public and acquired companies. Most private valuations are last reported or recently rumoured.

On ZIRP-era (2020-2022) valuations: we exclude companies that latest reported valuation would be enough to hit the list, but it is expected that the company is now valued significantly lower.

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1	SAP	🇩🇪	$224.6B	$44.4B	5.1x	📈 Public
2	Hexagon	🇸🇪	$29.2B	$6.4B	4.5x	📈 Public
3	Dassault Systemes	🇫🇷	$28.0B	$7.4B	3.8x	📈 Public
4	Amadeus	🇪🇸	$25.3B	$7.8B	3.3x	📈 Public
5	Visma	🇳🇴	$22.0B			🤝 Acquired
6	Nebius Group	🇳🇱	$22.0B	$1.1B	20.4x	📈 Public
7	IFS	🇸🇪	$16.0B			🤝 Acquired
8	Helsing	🇩🇪	$14.0B			🚀 Private
9	The Access Group	🇬🇧	$12.0B			🤝 Acquired
10	Sage	🇬🇧	$10.5B	$3.5B	3.0x	📈 Public
11	Nemetschek	🇩🇪	$9.0B	$1.4B	6.4x	📈 Public
12	Temenos	🇨🇭	$6.2B	$1.1B	5.7x	📈 Public
13	Sportradar	🇨🇭	$5.8B	$1.6B	3.7x	📈 Public
14	United Internet	🇩🇪	$5.5B	$7.2B	0.8x	📈 Public
15	Computacenter	🇬🇧	$4.5B	$12.3B	0.4x	📈 Public
16	IONOS Group	🇩🇪	$4.3B	$1.5B	2.8x	📈 Public
17	TietoEVRY	🇫🇮	$2.5B	$2.2B	1.2x	📈 Public
18	AJ Bell	🇬🇧	$2.3B	$0.4B	5.2x	📈 Public
19	TGS	🇳🇴	$2.2B	$1.5B	1.5x	📈 Public
20	HBX Group	🇬🇧	$2.0B	$0.8B	2.3x	📈 Public
21	SoftwareOne	🇨🇭	$1.9B	$1.7B	1.1x	📈 Public
22	Sinch	🇸🇪	$1.8B	$3.0B	0.6x	📈 Public
23	OVHcloud	🇫🇷	$1.6B	$1.3B	1.2x	📈 Public
24	ATOSS Software	🇩🇪	$1.6B	$0.2B	7.0x	📈 Public
25	Clarivate	🇬🇧	$1.5B	$2.4B	0.6x	📈 Public
26	Secunet	🇩🇪	$1.4B	$0.5B	2.6x	📈 Public
27	Playtech	🇮🇹	$1.3B	$0.9B	1.4x	📈 Public
28	Planisware	🇫🇷	$1.3B	$0.2B	5.4x	📈 Public
29	MBB	🇩🇪	$1.3B	$1.4B	0.9x	📈 Public
30	Zigup	🇬🇧	$1.2B	$2.5B	0.5x	📈 Public
31	74Software	🇫🇷	$1.1B	$0.8B	1.3x	📈 Public
32	Rezolve AI	🇬🇧	$1.1B			📈 Public
33	Nagarro	🇩🇪	$1.0B	$1.2B	0.9x	📈 Public
34	Vitec Software	🇸🇪	$1.0B	$0.4B	2.4x	📈 Public
35	Addnode Group	🇸🇪	$1.0B	$0.7B	1.5x	📈 Public