Tech-Enabled Services
Q4 2025
Technology – HR Tech M&A Market Update, Q4 2025
This report highlights strong investor confidence and continued M&A activity across payroll, talent management, and employee engagement software. As organizations seek scalable platforms to enhance compliance, automate workforce management, and improve employee experience, valuations remain resilient, particularly for companies integrating AI-driven analytics, compensation transparency tools, and recurring-revenue models. Meridian Capital’s analysis examines public market trends, recent transactions, and valuation benchmarks drawn from PitchBook and Fortune Business Insights, providing data-backed visibility into key shifts shaping the sector. With private equity activity fueling consolidation and enterprise demand for automation accelerating, the report offers timely insight for founders, executives, and investors navigating the evolving intersection of HR, technology, and human capital strategy.

Trends Driving M&A for HR Tech
Report Summary
This report highlights strong investor confidence and continued M&A activity across payroll, talent management, and employee engagement software. As organizations seek scalable platforms to enhance compliance, automate workforce management, and improve employee experience, valuations remain resilient, particularly for companies integrating AI-driven analytics, compensation transparency tools, and recurring-revenue models. Meridian Capital’s analysis examines public market trends, recent transactions, and valuation benchmarks drawn from PitchBook and Fortune Business Insights, providing data-backed visibility into key shifts shaping the sector. With private equity activity fueling consolidation and enterprise demand for automation accelerating, the report offers timely insight for founders, executives, and investors navigating the evolving intersection of HR, technology, and human capital strategy.
HR TECH M&A TRENDS
Key Highlights
- Meridian Capital Technology Investment Banking Overview
- HR Technology Market Update – At A Glance
- HR Technology M&A Trends
- Recent HR Tech Public Market Performance
- Publicly Traded HR Tech Comparables