Review of Topicus.com

MAR 26, 2024 - Topicus.com (TOI) is a spinout of fellow Canadian software company Constellation Software (CSU). TOI manages and builds vertical market software (“VMS”) businesses.
Being a spinout of CSU, TOI has adopted a similar blueprint of growth through acquisitions, and the parent company’s influence is one of the major factors that attract us. Momentum continued to build in 2023 which was another good year for TOI, and we are maintaining our rating of an A-.

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Topicus.com Inc. (TOI)

Q: Hi team,

Does the slowing revenue growth cause concern for the long term thesis of the company?

Did constellation historically have similar lumpiness quarter over quarter?

Do you still think they can grow revenues 20% annually?

Thanks

Read Answer Asked by Keith on December 20, 2024

Q: Hello

We own all these names with decent weights.

With a good comfort zone with position size, what would be a decent price level to add ?

Thank You

Read Answer Asked by rajeev on December 10, 2024

Q: I am considering selling CSU and dividing the proceeds 75% to LMN and 25% TOI as I already have a partial position in TOI. Your opinion please.
With appreciation,
Ed

Read Answer Asked by Ed on December 04, 2024