Human Capital Management SaaS - Coverage Report March 2021

Published on: 03/16/2021

Capstone Headwaters has released its most recent Human Capital Management (HCM) Software-as-a-Service (SaaS) Industry Update, available for free download below.

While some segments of HCM SaaS struggled amid COVID-19, areas such as Remote Workforce Management have experienced heightened demand.  The shift to virtual work is expected to remain a key focus area for enterprises in the future. As the industry continues to recover, Capstone predicts multiples to rise and merger and acquisition (M&A) activity to remain strong through 2021.

Report highlights include:

  • Stock prices in the segment rose in 2020, although remain lower than the broader Enterprise SaaS & Cloud market for the year.
  • M&A targets were valued at relatively healthy revenue multiples despite negative impacts from COVID-19.
  • M&A activity in Q4 2020 outpaced previous quarters, setting a new quarterly transaction volume record.

To learn more about the contents of the report, please reach out to David Michaels or Teak Murphy.

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Key Contacts

Teak Murphy


David Michaels

Managing Director