May 2026
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Largest Horizontal SaaS Public Companies in Poland
Benchmark revenue and EBITDA valuation multiples for public comps like
Asseco Business Solutions, cyber_Folks, Vercom, Wirtualna Polska and Shoper.
 | Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland. | $26 | +8% | $846M | $834M | 6.4x | 16.3x | ||
| Cyber Folks SA Formerly R22 SA is a technology company. The company focuses on scalable services offered in the subscription model and SaaS, operates within the entire value chain - from creating its own solutions, through their maintenance from the technological side, to sales and customer service. It offers hosting services and domain sales, omnichannel communication services automating electronic communication with recipients and telecommunications services. | $55 | +21% | $845M | $998M | 4.2x | 13.1x | ||
| Vercom SA is engaged in providing cloud communication platforms that enable companies to build and develop relationships with recipients through multiple channels: communication: email, SMS, push, instant messaging. | $34 | +5% | $759M | $753M | 5.8x | 21.4x | ||
| Wirtualna Polska Holding SA is a holding company based in Poland. It owns and runs internet portals. Its core operations comprise the sale of advertising services on the Internet and operating Internet portals such as . o2, Pudelek, Money.pl, domodi.pl, wakacje.pl, nocowanie.pl, Extradom.pl, totalmoney.pl as well as providing electronic services. Its segment include: Advertising and Subscriptions, Tourism and Consumer finance. | $16 | -26% | $479M | $867M | 1.4x | 5.9x | ||
| Shoper SA is a leader on the Polish market of software vendors for e-commerce in the SaaS model. It enables entrepreneurs to conveniently, quickly and easily set up own online store and conduct sales in the online channel. The comprehensive offer of the company consists of the Shoper platform available as a subscription, allowing for flexible adaptation to the needs of a given client, and a number of services sold in the pay-as-you-grow model, directly correlated with the number of orders or turnover generated through stores on the platform. | $12 | -10% | $341M | $342M | 5.7x | 16.3x | ||
| Text SA is a Poland-based company offering services in the SaaS (Software as a Service) model supporting sales and customer service. The company provides better customer service at scale by analyzing, enriching, and automating text communication. It has developed LiveChat, a tool used for direct communication between the website visitor and its owner. For the end user, it has the form of a chat window placed on the website, ChatBot, an all-in-one platform to build and launch conversational chatbots without coding; HelpDesk that supports customers with tickets; KnowledgeBase and OpenWidget. | $12 | -27% | $300M | $285M | 2.9x | 5.1x | ||
| Cloud Technologies SA is an online advertiser in the segment of Big Data Cloud Computing. The company has unique competencies in optimizing advertising campaigns based on programmatic buying. | $19 | +50% | $84M | $83M | 5.9x | 13.3x | ||
| IFIRMA Spolka Akcyjna provides services in the field of software development as well as recruitment and outsourcing of IT staff. Its services include internet accounting, accounting office, invoices application, and warehousing software. The company is working on www.firmbee.com - a project management software which manages firm’s tasks, finances, supports remote team work and HR processes. | $7 | +3% | $47M | $46M | 2.6x | 10.0x | ||
| M4B Spolka Akcyjna is involved in designing and creating digital signage solutions in the data communications industry in Poland. Its principal product, WAVE Multimedia Everywhere, is a software product to manage wide screen networks online. | $3 | +7% | $26M | $28M | 1.8x | 13.7x | ||
| CStore SA specializes in creating and selling proprietary software for automatically accepting online orders from wholesale customers. Its offered solution operates in the SaaS (Software as a Service) model, where the customers receive access to the full infrastructure - software, updates, server and technical support - as part of the subscription. The company generates revenue from three sources: Licenses and servers (SaaS); Service, customer service; and Dedicated projects. | $2 | -- | $19M | $19M | 8.3x | 32.0x | ||
| Garin AI SA is a Poland-based technology company building a portfolio of projects that utilize artificial intelligence. The group provides an AI Solution Portfolio for small and medium-sized enterprises and government institutions. Its projects are Meal Plus, AI2help, KSeF Virtual Advisor (AI), and AI agents. | $1 | -50% | $14M | $14M | 193.6x | 59.2x | ||
| Digitree Group SA is a Polish group engaged in the area of support of online marketing sales processes and the implementing of technology solutions in the country and abroad. The firm offers its services in the area of publishers, business and media houses. | $3 | -23% | $10M | $9M | 0.5x | 10.3x | ||
| Bridge Solutions Hub SA is a technology and marketing company. It creates applications on its own and invests in external projects at various stages of development, in the area of e-commerce, marketplace, and deep tech. It primarily focuses on a detailed analysis of goals, specifying the target group that is potential customers, and - after designing and implementing advertising measures - on analysis and continuous, ongoing optimization of the advertising campaign. | $5 | +43% | $8M | $6M | 0.8x | 3.6x | ||
| Baseig SA is a technology-driven company specializing in the e-commerce market with AI-powered tools that support sales processes. It designs and sells apparel, but the main focus is the data it collect from sales that drives the business. The company has developed an AI solution for training neural networks, with its primary focus being the optimization of ad campaigns. | $6 | -- | $8M | $8M | 14.2x | 24.0x | ||
| Yoshi Innovation SA formerly Acrebit SA is engaged in the development of ERP and CRM software applications. The company specializes in software for printing. Its solutions include Financial tools, Uniform Audit File, SmartForecast and ELogostics- Carriers and Waybills. | $0 | -66% | $6M | $6M | 39.9x | (3.9x) | ||
| Brainscan SA is an AI system for lesion detection in the human brain based on computed tomography images. Algorithms powered by artificial intelligence analyze CT brain scans, automatically detecting and highlighting potential pathological changes. | $4 | -48% | $5M | $5M | 38.5x | (6.0x) | ||
| Planet B2B SA provides expertise, tools, and the latest technologies for wholesale e-commerce across all omnichannel sales channels. | $0 | -9% | $5M | $4M | 14.3x | 40.0x | ||
| Madkom SA is a supplier and integrator of authoring software for document management, information and processes in public administration. The products of the company include SIDAS EZD, a Electronic Document Management System; SIDAS AZ, is a tool for public administration; SIDAS BUDGET, is a system designed for local government administration units; SIDAS Goniec, is an application for mobile devices intended for messengers; SIDAS BIP, is a specialized IT system; and others. | $1 | +17% | $4M | $4M | 0.5x | 1.8x | ||
| Editel SA is an international EDI service provider with numerous offices in various countries. The company provides digital solutions to support organizations of various industries and sizes in optimizing processes across the value chain. The company’s service offerings is its EDI platform, a network for electronic data interchange. Through a single connection, it allows customers to exchange business documents-including orders, delivery notes, and invoices-with their business partners based in various countries, in an automated and real-time manner. | $1 | -3% | $4M | $3M | 1.2x | 8.2x | ||
| Second Chamber SA, formerly Patent Fund SA is engaged in software development activities. It develops software in a service model for intellectual property rights such as trademarks, patents, and industrial design. The company's product Namegine creates software in the Software-as-a-Service model that protects the existing trademarks. | $0 | -- | $2M | $2M | - | - | ||
| Emplocity SA deals with the use of artificial intelligence and automation in business. Its Emplocity Platform is proprietary software that allows companies to create domain bots that easily automate repetitive business processes, increase employees’ efficiency, as well as save time and money. The company's technology offering includes Emplocity Platform, Conversational Interface, Artificial Intelligence, and Smart Automation. | $0 | -73% | $2M | $2M | 8.3x | (3.9x) | ||
| Foothills SA is a mobile advertising company. The company is engaged in content digitalisation, and provides publishers and markets services. It offers mobile pages; iPhone, iPad, and Android mobile applications; SMS, MMS, and IVR campaigns. | $0 | +32% | $2M | $2M | - | (45.7x) | ||
| Milisystem SA is a manufacturer and supplier of information technology to support decision-making processes at every level of management in the company. | $0 | -58% | $2M | $486K | 0.5x | 2.5x | ||
| Generationis AI SA formerly Infra SA is engaged in the activities in the IT industry for systems supporting the management and organization of work in the enterprise and offices. | $1 | -41% | $1M | $990K | 12.8x | (60.6x) | ||
| Quarticon SA is a Poland-based technology company. It provides solutions to e-shops and the e-commerce industry by using modern technology based on artificial intelligence and machine learning algorithms. The company's product offer includes a recommendation engine, personalized banners, pop-ups, landing pages, and marketing automation. The development of QuarticOn is based on two business segments: Customer Data & Experience Platform (CDXP) and AI Fashion Stylist. | $0 | +3% | $292K | $588K | - | - | ||
| Median | $3 | -6% | $8M | $8M | 5.8x | 10.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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