The Constellation Software Playbook for Acquiring and Growing Software Companies
In The Trenches
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Long-term Acquisition and Growth Strategy
Since 1995, the company has acquired over 500 software companies and holds onto them indefinitely. They focus on companies with revenues between $3 to $10 million, employing 50 to 200 people. Founder Mark Leonard's shareholder letters are highly regarded in the software investing community, likened to Buffett or Bezos.
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