Author Topic: CSU - Constellation Software  (Read 166257 times)

FiveSigma

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Re: CSU - Constellation Software
« Reply #460 on: September 20, 2018, 02:32:31 PM »
What's the threshold for publicly reporting an acquisition? I think they increased it recently from $10M, but I can't find the new figure.


Liberty

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Re: CSU - Constellation Software
« Reply #461 on: September 20, 2018, 02:41:44 PM »
What's the threshold for publicly reporting an acquisition? I think they increased it recently from $10M, but I can't find the new figure.

$50m at the parent, info from the CFO. Operating group can each set their thresholds.
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chrispy

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Liberty

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Re: CSU - Constellation Software
« Reply #463 on: September 27, 2018, 12:15:15 PM »
New one at Jonas:

https://www.jonassoftware.com/About_Us/Latest_News/Jonas_Software_Announces_the_Acquisition_of_Chamel

Interesting, because the release is dated August 8, but according to someone who tracks these things (@pearnick on Twitter), it was only posted now. Possibly for competitive reasons...
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Liberty

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Re: CSU - Constellation Software
« Reply #464 on: October 01, 2018, 01:38:46 PM »
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villainx

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Re: CSU - Constellation Software
« Reply #465 on: October 01, 2018, 07:37:33 PM »
Seems like a brisk pace, if I'm tracking your posts correctly.  But nothing major.  Is that fair read?

FiveSigma

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Re: CSU - Constellation Software
« Reply #466 on: October 01, 2018, 09:08:17 PM »
One way to estimate acquisition price is via number of employees and an average revenue per employee.

LinkedIn shows 50 employees. RBC assumes average revenue of $168K per employee in their research.

This gives us ~$8.4M acquisition price for Coreworx.

Per RBC excluding this deal, CSU did ~$67M in acquisitions this quarter. Decent.

Liberty

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Re: CSU - Constellation Software
« Reply #467 on: October 02, 2018, 04:08:00 AM »
Seems like a brisk pace, if I'm tracking your posts correctly.  But nothing major.  Is that fair read?

That's my read too. Nothing above CSI $50m press release threshold recently. Hard to know how many small ones are being done or if some medium ones have gone through but haven't been PR'ed by an operating group, since they don't appear to have a uniform policy on that and they can hold things back for competitive reasons. I also probably don't catch all the ones that are announced. So the probability distribution is always pretty wide until it collapses when the Q comes out.
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Liberty

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Re: CSU - Constellation Software
« Reply #468 on: October 02, 2018, 07:10:22 AM »
Another new one at TSS in Europe:

https://www.totalspecificsolutions.com/about-us/transaction-updates?tid=32

Quote
Total System Development (“TSD”), the supplier of software solutions for tree nurseries and landscaping, has joined Total Specific Solutions (“TSS”). With the acquisition of TSD, TSS now moves into the agricultural vertical.

h/t @Pearnick again
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Liberty

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Re: CSU - Constellation Software
« Reply #469 on: October 02, 2018, 09:14:03 AM »
Just randomly stumbled on their Japanese website, no doubt part of the JV that they announced a couple years ago. It's actually fancier than their main website:

http://www.csi-japan.co.jp/
"Most haystacks don't even have a needle." |  I'm on Twitter  | Interesting podcast on aging research