May 2026
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Largest B2B SaaS Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
SAP, Nemetschek, United Internet, IONOS Group and Hamburger Hafen.
 | Founded in Germany in 1972 by former IBM employees, SAP is the world’s largest provider of enterprise application software. Known as the leader in enterprise resource planning software, SAP’s portfolio also includes software for supply chain management, procurement, travel and expense management, and customer relationship management, among others. The company operates in more than 180 countries and has more than 400,000 customers, approximately 80% of which are small to medium-size enterprises. | $181 | -39% | $211B | $209B | 4.8x | 14.8x | ||
| Nemetschek is a German company that makes software products for the architecture, engineering, and construction industry, mainly, but also for the media and entertainment industry. Its software solutions cover the entire life cycle of building and infrastructure projects (design, build, and manage). In media and entertainment, it is one of the world’s leading providers of software for the creation of 3D animation and visual effects in movies, TV shows, and gaming. | $72 | -49% | $8B | $8B | 6.0x | 19.2x | ||
| United Internet AG is a telecommunications provider that operates through two business divisions: Access and Applications, which in turn are divided into the segments Consumer Access and Business Access and Consumer Applications and Business Applications. The Consumer Access segment which generates the majority of the revenue for the company comprises mobile internet products as well as landline-based broadband products (including the respective applications, such as home networks, online storage, telephony, Smart Home, IPTV, and video-on-demand). The company also provides a wide range of telecommunication products and services to companies and local authorities. | $31 | +13% | $5B | $9B | 1.3x | 5.9x | ||
| IONOS Group SE is an international digitalization partner and cloud enabler for small and medium-sized enterprises (SMEs), as well as for individual users and larger corporate customers. It offers a comprehensive product portfolio in the areas of web presence and productivity, as well as cloud solutions, which is further supported by customer care and infrastructure. In addition, IONOS offers an online marketplace for buying, selling, and parking domains. The company's operating segments include Digital Solutions & Cloud and AdTech. Key revenue is derived from the Digital Solutions & Cloud segment, which offers its customers customized server products and other solutions to set up an online presence and maintain their IT infrastructure. Geographically, it derives key revenue from Germany. | $33 | -28% | $4B | $5B | 2.9x | 11.0x | ||
| Hamburger Hafen und Logistik AG is operated as a strategic management holding company divided into two subgroups, Port Logistics and Real Estate. it has four segments: container, intermodal, logistics, and real estate. The container segment operates terminals to transport containers by sea, rail, and truck; the Intermodal segment operates the company's rail container transportation network; the Real estate segment activities include services such as the development, letting, and management of properties; The Logistics segment encompasses specialist handling services, digital business activities, and consulting. The container and intermodal segments together generate the majority of revenue. The company derives the majority of its revenue domestically. | $25 | +14% | $2B | $4B | 1.8x | 8.8x | ||
| Secunet Security Networks AG is an IT and telecommunications security provider. It offers public-sector clients and private-sector companies a comprehensive portfolio of products and consulting services for the protection of data, infrastructures, and digital identities as well as for information transmission, storage, and processing. Its services include consulting on IT security, software development, development, integration, operations, maintenance, and support of products. The company operates through two divisions, Public Sector, and Business Sector. The company generates maximum revenue from Public Sector. | $242 | -8% | $2B | $1B | 2.8x | 16.9x | ||
| ATOSS Software SE supplies technical and consulting solutions for professional workforce management and demand-driven workforce deployment. From conventional working time management to mobile apps, detailed workforce forecasting, sophisticated workforce scheduling, or strategic capacity and demand schedules, the company offers its customers various solutions in the cloud or on-premises. It generates sales revenue from licensing software products to end-users or to resellers, from cloud subscriptions, maintenance contracts, consulting services, the sale of hardware as well as from providing other goods and services. | $90 | -45% | $1B | $1B | 5.7x | 14.4x | ||
| MBB SE is a medium-sized, family-owned company specializing in the acquisition and management of medium-sized industrial companies with considerable technology and engineering expertise. The company's operating segment includes Technological Applications; Consumer Goods and Services and Infrastructure. It generates maximum revenue from the Service and Infrastructure segment. The Service and Infrastructure segment in IT security and cloud services. Its Technological Applications segment includes bundles subsidiaries with technical products and industrial customers. | $212 | +31% | $1B | $381M | 0.3x | 1.5x | ||
| TeamViewer is a German software company specializing in remote connectivity solutions. Its products enable secure remote access, control, management, and support to any device. Common use cases include remote IT support, after-sales service, and vision picking. The company’s offerings extend to the Internet of Things and augmented reality. TeamViewer customers are mainly small and medium-size businesses, but it also has a growing number of enterprise customers. | $7 | -38% | $1B | $2B | 2.3x | 5.5x | ||
| CANCOM SE is a hybrid IT service provider. The group's range of IT solutions includes consulting, implementation, services and the operation of IT systems. As a hybrid IT integrator and service provider, the company delivers a range of services and solutions that includes business solutions and managed services such as cloud computing, analytics, enterprise mobility, IT security, hosting or as-a-service offerings. In geographical terms, the company operates in Germany, Austria as well as Switzerland, Romania and Belgium. | $33 | +2% | $947M | $775M | 0.4x | 5.5x | ||
| PSI Software SE is a software producer in process control and information systems. Its core business consists of process control and information systems for managing energy and material flows in industries tailored to the electricity, gas, oil, and district heating sectors, engineering, automobile, and automotive supply and logistics sectors. The company's segments include Energy Management, which offers intelligent solutions for utility companies in the electricity, gas, oil, and water sectors; the Production Management segment provides solutions for planning and controlling production processes in metals production, logistics, mechanical engineering, and automotive manufacturing. It generates maximum revenue from the Energy Management segment. | $52 | +49% | $818M | $885M | 2.9x | 2452.0x | ||
| Mensch und Maschine Software SE is a Germany-based company engaged in the provision of Computer-Aided Design (CAD), Computer-Aided Manufacturing (CAM), Computer-Aided Engineering (CAE), product data Management, and Building Information Management solutions. The company's business model is based on two segments: M+M Digitization business and M+M software. The M+M Digitization segment developed tailor-made software solutions for customers in D/A/CH and other European countries. The M+M software segment develops standard software for CAD/CAM, BIM/Engineering, Garden/ Landscaping, and CAE. The majority of the company's revenue is generated from the M+M Digitization segment. | $45 | -28% | $727M | $766M | 2.8x | 11.0x | ||
| Datagroup SE is a Germany-based company. The company business activities include the operation of IT infrastructures, distribution, provision of IT services, technology consulting and the development of IT solutions. Its operating segments include Services and Solutions and Consulting. The company generates maximum revenue from the Services segment. The services segment mainly provides IT services. Geographically, it derives a majority of revenue from Germany. | $86 | +25% | $717M | $933M | - | - | ||
| init innovation in traffic systems SE is an international system supplier of transportation telematics. The company develops and supplies integrated planning, dispatching, telematics and ticketing systems for buses and trains. The firm develops, produces, integrates, installs, and maintains software and hardware products for the planning, management, and optimization of transport companies. It offers research and development, planning and dispatching, analyzing and optimizing, ticketing and fare management, operations control and real-time passenger information, and service and maintenance solutions. Geographical presence of the company is in Germany, North America, Europe, Australia and UAE. | $60 | +38% | $599M | $668M | 2.2x | 14.7x | ||
| Nagarro SE is a digital engineering company. The company offers digital product engineering, artificial intelligence and machine learning, cloud solutions, digital marketing, managed services, and others. The company's geographical segment includes North America, Central Europe, Rest of Europe, and Rest of World. | $47 | -33% | $583M | $876M | 0.8x | 5.5x | ||
| Homag Group AG is a German-based company that manufactures machines and equipment for the woodworking industry. The company operates its business in four segments namely Industry segment, Cabinet shops, Sales & Service segment, and others. Maximum revenue comes from an industry segment which includes solutions for industrial companies based on plants, machines, information, control technology, and woodworking processes. The company carries its operations in the European region including Central, Western and Eastern Europe, American region including North and South America, Asia Pacific and Central Europe. The majority of the company's revenue comes from Central Europe. | $29 | -11% | $461M | $461M | 79.1x | 12.6x | ||
| IVU Traffic Technologies AG is a Germany-based software company. It is engaged in the development, manufacturing, and marketing of software and hardware. It provides installation and maintenance of IT solutions for the operational tasks of public passenger and freight transport. Its product consists of IVU. suite, IVU.rail, IVU.cloud, and many more. The company's business area of operations includes countries like Germany, Europe, and others in which it generates the majority of its revenue from Germany. | $24 | +8% | $416M | $354M | 2.0x | 12.6x | ||
| Msg Life AG is a Germany-based company. It is a consultant and software company for the insurance and retirement savings market. It is a provider of software, advice, and cloud solutions for life insurance companies and pension fund institutions in Europe and, in particular, health insurance companies in the United States. The company's products and services include msg. Life Factory, msg.Insurance Suite, msg.Migration System, msg.Health Factory, msg.The commission, msg.Business Partner, msg.Billing, and others. Geographically, the company exports its services to the United States of America, Austria, Switzerland, Slovenia, Portugal, Spain, and Benelux. | -- | -- | $180M | $133M | 0.6x | 6.7x | ||
| Platform Group AG is a dominant platform group in Europe and uses high-quality software solutions to connect partners with eCommerce. The company operates with software-based platform solutions that can be used universally in almost all sectors and industries. The company's operating segments include Consumer Goods, Freight Goods, Industrial Goods, and Service & Retail Goods. The company generates the majority of its revenue from the Consumer Goods segment. Geographically, the company generates the majority of its revenue from Germany, Austria, Switzerland and the Netherlands. | -- | -- | $135M | $272M | - | - | ||
| Serviceware SE is a provider of software solutions that help companies compete digitally with Enterprise Service Management (ESM) by improving service quality and efficiently managing service costs. Serviceware platform which includes software solutions for financial, processes, resources, knowledge, and performance. All solutions can be integrated, but can also be used independently of each other. In addition, the company offers the infrastructure solutions and managed services necessary for operations securely and reliably. | $13 | -39% | $133M | $107M | 0.9x | 24.2x | ||
| Audius SE is a medium-sized information technology and software company. | $16 | +23% | $78M | $67M | 0.5x | 6.4x | ||
| DocCheck AG is a Germany-based company engaged in the healthcare sector. It operates through subsidiaries: antwerpes AG develops integrated communication concepts for the healthcare sector, including social media and digital communication with focus on e-marketing concepts, search engine optimization (SEO), search engine advertising (SEA) and search engine marketing (SEM); DocCheck Medical Services GmbH operates an online platform for healthcare professionals, such as physicians and pharmacists; DocCheck Medizinbedarf und Logistik GmbH wholesales medical products from third parties and also produces own medical products, and DocCheck Guano AG is a venture capital company with focus on e-health companies and promotes healthcare startups. | $15 | +12% | $77M | $58M | 0.9x | 4.9x | ||
| Exasol AG is a technology company providing a next-generation in-memory analytical database that enables customers to access and analyse data at high speed and scale. The company's technology is used in a wide range of analytical use cases for financial reporting, data visualisation and predictive analytics. | $3 | -13% | $75M | $52M | 1.1x | 9.9x | ||
| ad pepper media International NV is in the business of advertising and marketing sector. The company's segment includes Ad pepper media, Ad Agents, and Webgains. The ad pepper media segment specializes in lead generation. The ad agents segment design, control and optimize results-oriented marketing and sales solutions in all digital channels. In addition, it also specializes in search engine marketing, search engine optimization, affiliate management, social media advertising, and performance display and product data management. The web gains segment offers solutions to all of its affiliate management. The company operates in geographical areas which include the United Kingdom, Germany, Spain, the USA, and others. | $3 | -5% | $75M | $42M | 0.4x | 4.9x | ||
| Cyan AG is a provider of intelligent IT security solutions and telecommunication services in the IT industry. The main business of the company involves cybersecurity solutions for the end customers of mobile and fixed-line internet providers (MNO, ISP), financial service providers, mobile virtual network operators (MVNO) as well as the convergent BSS/OSS platform (Business Support System and Operations Support System) as a mobile virtual network enabler (MVNE). With the BSS/OSS business, services such as connection to the network operator, billing, provisioning, and similar services relating to the operational aspects of running an MVNO are offered. The company has two segments: Cybersecurity, and BSS/OSS platform. Its products include a Seamless BSS/OSS Platform. | $2 | -20% | $54M | $52M | 6.3x | (30.6x) | ||
| MeVis Medical Solutions AG is a provider of medical software products. The company markets its products to equipment manufacturer of medical devices and providers of medical information technology platforms. Its segment includes Digital mammography and Other diagnostics. The Digital mammography segment develops and markets software products which assist in breast diagnostic imaging and intervention. Its Other diagnostics segment consists of digital radiology products. In addition, it also provides the general analysis of radiology images. The company's geographical area of operations includes the United States of America and Europe. | $27 | -5% | $49M | $45M | 2.4x | 11.3x | ||
| OTRS AG is engaged in open-source software solutions. The service portfolio includes process design, implementation, customizations, application support, corporate security, and managed OTRS services. The company generates maximum revenue from IT Services and support. Geographically, it derives a majority of its revenue from Germany. | $22 | +1% | $42M | $39M | 2.8x | (213.5x) | ||
| Softing AG is engaged in developing software, hardware, and system solutions. The business operates in segments namely, Industrial, Automotive, and IT Networks. The Industrial segment which derives the majority of revenue engages in the provision of industrial communications solutions and products for the manufacturing and process industry. The Automotive segment stands for key technologies in automotive electronics as well as such closely related areas in electronics as the commercial vehicle or agricultural machinery industry. The IT Networks segment is engaged in testing, qualifying, and certifying cabling in IT systems. Geographically, it derives the majority of its revenue from the USA. | $3 | -18% | $36M | $43M | 0.4x | 4.0x | ||
| Yoc AG is a service provider active in the field of mobile media. The company offers technology-based services, such as mobile marketing, digital advertising, and online media services. It operates through National and International segments. Its products include YOC Inline Video Ad; YOC Understitial Ad; YOC Mystery Ad; YOC Mystery Scroller; YOC Ads Plus; and YOC Branded Takeover. The majority of the revenue comes from the National segment. | $8 | -58% | $28M | $26M | 0.6x | 9.2x | ||
| Intershop Communications AG is a provider of omnichannel commerce solutions. It offers packaged software for internet sales. The company also acts as a business process outsourcing provider. Its services include professional services, full-service e-commerce, and training. The business of the company operates through geographical segments that include Asia-Pacific, Europe, and the United States of America. Its Europe segment generates maximum revenue for the company. Intershop’s business activities are divided into the two main business segments Software and Cloud and Service. | $1 | -34% | $24M | $22M | 0.5x | 28.4x | ||
| Tick Trading Software AG develops and distributes software packages for professional trading. The company's products are the TBMX Trading Platform, tick-TS Cloud, e-Trading Compliance Monitor, and others. tick Trading Software AG is active in the field of programming IT software; The focus here is on the programming of EDP software in the financial services segment (stock market software, trading software, etc.). In addition, it offers its customers "Software as a Service" housing and hosting of complex server systems for stock exchange trading in combination with its software solutions. | $9 | +17% | $18M | $15M | 1.4x | 3.9x | ||
| 123Fahrschule SE is a digital driving school chain. It is specialized in the consolidation and digital expansion of the classic driving license training of the German driving school market. The company offers its learner drivers a digital, effective and intelligent application software for administration, e-learning and individual learning status control for driver's license training for all driver's license classes. | $3 | -31% | $16M | $23M | 0.8x | (13.4x) | ||
| B+S Banksysteme AG develops and markets software solutions for the completion of financial transactions with banks, savings banks, and industrial enterprises. It is engaged in the creation and development of its own programs for data processing, duplication, licensing, and distribution as well as consulting for companies. The company's headquarters have been in Munich with further locations in Austria (Salzburg) and Switzerland (Canton Bern). | $3 | +31% | $16M | $18M | 1.2x | 5.3x | ||
| Solutiance AG is a Germany based solution provider with a focus on maintenance and servicing applications. It offers, develops, and installs electronically controlled leak detection systems to monitor the waterproofing or lining membranes on commercial and civil projects. Its solutions include TrackLean, Facility scanner. Its systems are used in landfills, septic tanks, tunnels and flat roofs. | $1 | -29% | $10M | $10M | 1.3x | 34.6x | ||
| Janosch film & medien AG is involved in license marketing of pictures, books, and movies from the author and artist Janosch. It provides licenses for books, adult books, movies, video clips, and international merchandising. It generates revenue through licensing in the book sector and copyright revenue claims in merchandising. It is therefore assigned to the book and license industry. | $5 | -7% | $6M | $3M | 5.1x | 4.2x | ||
| Binect AG is a German management holding company. Along with its subsidiaries, it is engaged in the digitization of document-based business communication. The group digitizes all processes of document incoming and outgoing communication, such as contracts and invoices, with its solutions and the Binect ONE platform. Binect is also focused on venturing into the field of Intelligent Document Processing (IDP), which involves, among other things, using self-learning software components to process document content and transform it into digitally usable and processable data. The group develops and integrates its digital modules and solutions for medium-sized businesses, government agencies, and other institutions. | $2 | -28% | $5M | $3M | 0.1x | 3.7x | ||
| Performance One AG, operating under the Performance One brand, offers a comprehensive package for digital transformation and strategy in marketing and sales. It is a consulting and implementation company that creates, orchestrates, and designs digital experiences and products for brands, businesses, and individuals. Strategy, Digital Marketing, and Data Analytics are the group's core service areas. | $2 | -11% | $3M | $5M | - | - | ||
| Medondo Holding AG is a management holding company based in Germany. Along with its subsidiaries, the company is involved in the provision of integrated, cloud-based software solutions for medical specialties, with a particular focus on secure and efficient patient communication. The group offers a cloud-based, integrated practice management software, Medondo Manager, which digitizes the different processes of medical practice. The software is provided to clients on a subscription-based model and features various capabilities, including a dedicated portal for each patient, an online appointment calendar, digital anamnesis, digital self-check-in, digital documents, and the generation of digital invoices, among other features. | $0 | -79% | $2M | $7M | 3.8x | (5.6x) | ||
| Broke Out Inc is engaged in designing, manufacturing, and selling street-ware and gym fitness apparel. The company holds an interest in Megapps Ventures Inc (Megapps) which is a software company specialized in the development of mobile apps and games. Megapps operates in the computer or software applications industry and specifically in the development of Android and iOS apps for mobile devices. It owns approximately thirty-one mobile device applications that it makes available to the market through the Google Play Store and Apple store. It generates revenue from selling certain applications in the App Stores and from displaying advertisements in certain applications. | $0 | -- | $3K | ($1K) | - | - | ||
| Median | $16 | -11% | $133M | $107M | 1.4x | 6.7x |
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