sane Posted January 3, 2019 Share Posted January 3, 2019 Looks like Minted's annual sales are less than £632,000. https://beta.companieshouse.gov.uk/company/06844403/filing-history "Micro-entities are very small companies. Your company will be a micro-entity if it has any 2 of the following: a turnover of £632,000 or less £316,000 or less on its balance sheet 10 employees or less" https://www.gov.uk/annual-accounts/microentities-small-and-dormant-companies Link to comment Share on other sites More sharing options...
khturbo Posted January 3, 2019 Share Posted January 3, 2019 Hopefully it has very low asset levels, 10 employees, and 100mm pounds of EBITDA lol. Link to comment Share on other sites More sharing options...
tenyearsout Posted January 3, 2019 Share Posted January 3, 2019 More to it: https://www.tucasi.com/news/mint-class-acquired-by-jonas-uk-powered-by-tucasi Link to comment Share on other sites More sharing options...
Liberty Posted January 7, 2019 Author Share Posted January 7, 2019 New acquisition at TSS: https://www.totalspecificsolutions.com/about-us/transaction-updates?tid=34 h/t @Pearnick Link to comment Share on other sites More sharing options...
Liberty Posted January 8, 2019 Author Share Posted January 8, 2019 Another one at TSS: https://www.totalspecificsolutions.com/about-us/transaction-updates?tid=35 Dynamic Software NV, a supplier of a software suite for the Belgian automotive vertical has joined Total Specific Solutions (“TSS”). Through this acquisition, TSS establishes a local footprint in the Belgian software market and expands its presence in the automotive vertical with a second company offering software solutions for this vertical next to Infoflex in Sweden. Once again, @Pearnick beat me to it, so hat tip to him/her. Link to comment Share on other sites More sharing options...
Liberty Posted January 11, 2019 Author Share Posted January 11, 2019 Some nice work showing capital deployed by CSU in previous years, this one ex-dividends: About 102% of cumulative. Link to comment Share on other sites More sharing options...
gary17 Posted January 11, 2019 Share Posted January 11, 2019 Thanks Liberty. The FCF for 2018 seems a bit on the low side IMO. Link to comment Share on other sites More sharing options...
chrispy Posted January 12, 2019 Share Posted January 12, 2019 Is that due to the timing and size of the more recent acquisitions? Link to comment Share on other sites More sharing options...
Liberty Posted January 22, 2019 Author Share Posted January 22, 2019 - [ ] https://skift.com/2019/01/21/jonas-software-rolls-up-hospitality-tech-group-to-compete-against-bigger-players/ Link to comment Share on other sites More sharing options...
Liberty Posted January 23, 2019 Author Share Posted January 23, 2019 New acquisition at Vela: http://velasoftwaregroup.com/vela-software-acquires-financial-risk-solutions-frs/ FRS is the developer of the Invest|ProTM product, a comprehensive Investment Administration Software solution for the life assurance and pensions industries. FRS is a premier provider of unit-linked investment administration and fund accounting software for the life assurance and pensions industries. Founded in 1999, FRS has grown through solving complex problems for life and pensions companies. h/t @Pearnick Link to comment Share on other sites More sharing options...
Liberty Posted January 25, 2019 Author Share Posted January 25, 2019 New acquisition at Volaris (in the craft beverage industry!): https://www.volarisgroup.com/news/article/five-x-5-solutions-joins-volaris-group FIVE x 5 provides the craft beverage industry, both distillers and brewers, with a cost-effective and comprehensive SaaS-based solution that manages everything from recipe management, to inventory tracking, to reporting and compliance. The company has over 430 customers across the US and internationally. h/t @Pearnick Link to comment Share on other sites More sharing options...
chrispy Posted January 25, 2019 Share Posted January 25, 2019 Cheers! Link to comment Share on other sites More sharing options...
Liberty Posted February 4, 2019 Author Share Posted February 4, 2019 TSS acquisition in Spain: https://www.totalspecificsolutions.com/about-us/transaction-updates?tid=36 Ofimática, one of Spain’s leading suppliers of hotel and travel agencies software solutions joins Total Specific Solutions (“TSS”). With this acquisition, TSS enters the Spanish software market and moves into the hospitality vertical. Ofimática has more than 35 years of experience in providing solutions for hotels and travel agencies. OfiHOTEL is a modular and flexible end-to-end solution for hotel management: from B&Bs to hostel to large hotel chains. The different modules are linked so that all processes from administrative, commercial and managerial activity flow communicate automatically and generate the accounting and statistical information. The OfiVIAJE and OfiTOUR solutions offer software for independent travel agencies and online tour operators allowing them to optimize the commercial and administrative processes. Jurriaan Piek, General Manager at TSS: “Spain has a booming tourism industry, being in the top three of the world’s most visited countries; it is a hotspot for knowledge of the hospitality vertical. And Spain also has an innovative environment for software development which is ideal to create state-of-art hospitality software solutions. Ofimática is in the top 10 of leading Spanish software suppliers for this industry with over 2.500 clients in Spain, Portugal, and Latin America. With the acquisition of Ofimática, we have the first Spanish software company joining TSS. And we now gain expertise in the hospitality vertical through the knowledge of our new colleagues. Ofimatica will be an independent business unit within TSS with Pedro Cruz as its Managing Director.” Pedro Cruz, founder and Managing Director of Ofimática: “I founded the company over 35 years ago, and I am very proud of our position in the market today with so many customers on two different continents. We can now continue the next phase as an independent unit of TSS/CSI, giving us instant access to many new colleagues and new best practices. By joining TSS, we gain the scale to take the next step in realizing our ambitions. And we can ensure the continuity of the company for our customers and our employees. And last but not least, the TSS philosophy of ‘software for life’ is a good fit with our company.” h/t @Pearnick Link to comment Share on other sites More sharing options...
Liberty Posted February 5, 2019 Author Share Posted February 5, 2019 Another one at TSS: https://www.totalspecificsolutions.com/about-us/transaction-updates?tid=37 Nostradamus ICT becomes part of Total Specific Solutions (“TSS”), and TSS takes its first steps into the leisure vertical. Nostradamus has a wide range of software solutions for the leisure sector and is the leading software supplier with its solution ‘Personeelsplan.’ ‘Personeelsplan’ is an end-to-end workforce management solution. It ensures that clients can optimize the planning of their staff, perform payroll processing, and thereby manage its personnel costs. Jasper Bollen, Managing Director at TSS: “Our thorough analysis of the restaurant and leisure vertical quickly led us to Nostradamus. Nostradamus has an interesting and successful solution for the leisure sector. This is a new vertical for TSS, but within the CSI group knowledge of the market is already present. Nostradamus has an impressive and broad customer base with well-known names as Van der Valk, Burger King, and Albert Heijn. Now that Nostradamus is part of TSS, we bring them a broad range of best practices and offer them a platform for further growth in other segments and/or abroad. The current owners Martin van der Zee, Adam van Dongen, and Peter van der Zwan remain involved with the company. Nostradamus will operate as an independent business unit within TSS.” https://nostradamus.nu Also, the japanese sub is buying: http://www.csi-japan.co.jp/wp-content/uploads/2018/11/株式会社レスコの株式取得に関するお知らせ.pdf h/t @pearnick for both Link to comment Share on other sites More sharing options...
Liberty Posted February 6, 2019 Author Share Posted February 6, 2019 Another one, this time at Volaris: https://www.volarisgroup.com/news/article/smartrak-acquires-the-assets-of-lingo-systems Smartrak, a Volaris Group company focused on fleet asset management, logistics, and lone worker safety solutions, has acquired the assets of Lingo Systems Pty Ltd, the developer of a range of mobility solutions collectively known as PoolCar. The acquisition helps extend Smartrak’s offering in mobility, particularly pool vehicle management, electronic key cabinets and vehicle keyless entry. Pool vehicle management has many challenges including vehicle availability, key security and access, cost recovery, driver vetting, policy compliance and journey management. The PoolCar solution suite helps to address these challenges by providing a comprehensive platform to manage drivers, vehicle reservations, keep track of vehicle assets, preventative maintenance, and management of keys. Most recently, PoolCar introduced a new, advanced, keyless entry solution to facilitate a seamless user experience to vehicle access and sharing, featuring RFID, Bluetooth and Smartphone access to vehicles. [...] The PoolCar mobility solution counts more than 180 customers among its client base across 14 countries, concentrated mainly in Australia, New Zealand and the US. Key markets include Government, Not-for-Profit, Universities and Healthcare. Notable customers include Queensland State Government (QFleet), West Australian State Government, MV Transportation, Griffith University, Melbourne Health, Monash Health, Northern Sydney Local Health, St. Vincent’s Health, Central Land Council, and others. PoolCar also supplies its solutions via a reseller channel to end users including the United Nations, Auckland Council and The Red Cross. h/t @pearnick Link to comment Share on other sites More sharing options...
Liberty Posted February 7, 2019 Author Share Posted February 7, 2019 Another one, this one in Italy by TSS: https://www.totalspecificsolutions.com/about-us/transaction-updates?tid=38 Italian software supplier Remote Terminal System Srl (“RTS”) has joined Total Specific Solutions (“TSS”). RTS provides a software suite for the corrugated -packaging manufacturing- industry. With this acquisition, TSS enters the Italian software market and establishes its presence in the manufacturing vertical. h/t @pearnick on Twitter Link to comment Share on other sites More sharing options...
Liberty Posted February 8, 2019 Author Share Posted February 8, 2019 Two new acquisitions at Harris: https://www.harrislocalgov.com/harris-local-government-acquires-sidwell-company/ https://www.harrislocalgov.com/harris-local-government-division-acquires-sw-minicomputers-inc/ h/t @pearnick Link to comment Share on other sites More sharing options...
Liberty Posted February 11, 2019 Author Share Posted February 11, 2019 RBC estimate of capital deployed in Q4 (we'll find out soon enough): Via: Link to comment Share on other sites More sharing options...
Liberty Posted February 11, 2019 Author Share Posted February 11, 2019 Two new acquisitions at Volaris: https://diariodotransporte.com.br/2018/12/24/volaris-group-anuncia-aquisicao-da-empresa-1/ https://diariodotransporte.com.br/2019/01/23/cittati-passa-a-fazer-parte-da-canadense-volaris-group/ h/t @Pearnick again (he's faster than I am, what can I say ¯\_(ツ)_/¯ ) Link to comment Share on other sites More sharing options...
Liberty Posted February 12, 2019 Author Share Posted February 12, 2019 Another one at Volaris and one at Vela: https://www.andarsoftware.com/servlet/eAndar.article/3572/Andar-Software-Acquires-DMC Andar Software develops fundraising and engagement solutions that empower non-profit organizations to create a bigger impact in their communities. Andar Software technology solutions and consulting services extend to every aspect of the organization and include workplace campaign, membership, annual donation, online giving, CRM, community investment, and marketing tools. https://www.dataminesoftware.com/2019/01/08/flairbase-acquisition/ Datamine has today announced the acquisition of Flairbase Inc. The acquisition will allow Datamine to further integrate Amine into its underground planning suite, and commence the distribution of the Flairbase SIMS production planning and reporting system globally. Based in Montreal, Canada, Flairbase has been providing its flagship software solutions to customers in the Americas since 1993. Amine is an established, world-leading solution for detailed design, short term planning and survey. Its user-friendly visual interface allows you to manage your drawings, design layouts, evaluate resources, work in 3D or with 2D sections, perform automated surveys, and much more. h/t Link to comment Share on other sites More sharing options...
Shooter MacGavin Posted February 13, 2019 Share Posted February 13, 2019 I think Jamal forgot he had to file the numbers today ::) Link to comment Share on other sites More sharing options...
Liberty Posted February 13, 2019 Author Share Posted February 13, 2019 I think Jamal forgot he had to file the numbers today ::) I remember a few years ago when the numbers sometimes came out at like 8PM or more... ¯\_(ツ)_/¯ Link to comment Share on other sites More sharing options...
Shooter MacGavin Posted February 13, 2019 Share Posted February 13, 2019 I think Jamal forgot he had to file the numbers today ::) I remember a few years ago when the numbers sometimes came out at like 8PM or more... ¯\_(ツ)_/¯ haha. he probably has a #REF'ed out cell in his spreadsheet. Link to comment Share on other sites More sharing options...
Liberty Posted February 14, 2019 Author Share Posted February 14, 2019 Q4: https://www.csisoftware.com/wp-content/uploads/2019/02/Q4-2018-Shareholder-Report.pdf Revenue: +21% Adj. EPS: +33% A number of acquisitions were completed for aggregate cash consideration of $69 million (which includes acquired cash). Deferred payments associated with these acquisitions have an estimated value of $32 million resulting in total consideration of $101 million. Full year 2018 acquisitions added up to $523 million ($631 million with deferred payments). That's decently close to all their FCF There's also a special dividend: "$20.00 per share special dividend both payable on April 5, 2019 to all common shareholders of record at close of business on March 16, 2019. Constellation invested $603 million in acquisitions during 2018 at rates of return that we believe will be attractive. We are optimistic about our acquisition pace for 2019, but we feel that we have capital in excess of our needs and should return the excess to shareholders." Link to comment Share on other sites More sharing options...
FiveSigma Posted February 14, 2019 Share Posted February 14, 2019 Solid beat on revenue, EBITDA, and adjusted earnings. Link to comment Share on other sites More sharing options...
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