$CSU \ Vela \ Libra Software Group buys Expedient Software, a leading provider of customs and forwarding software for the logistics market in Australia & New Zealand. Mission-critical!

A rare partnership btw 2 BUs within $CSU family! Jonas' AMT-Sybex: tech platform for UK's critical infrastructure for 30Y Vesta's Easit Go: Swedish vendor for process digitalization & service mgmt competitors can hardly replicate this! organic growth & margin expansion lever!

Interesting blog post on the Topicus website $TOI.V AI lowers the barrier to building software, not the bar for running it in production. In mission-critical, regulated domains, deep expertise becomes more valuable, not less, and vertical AI amplifies that expertise rather than erasing it. topicus.nl/nieuws-en-kennis/…

Lumine LTM revenues = $795.3 million Synchronoss acquisition (closed in Feb) and Synamedia carve-out (closing soon) adds approximately $274 million in LTM revenues $LMN.V $CSU.TO

CSI businesses family photo $CSU.TO $TOI.V $LMN.V $SGN.WA

$LMN.V announced a significant carve-out from Synamedia They are acquiring the "Video Platform" segment, a declining asset, with Synamedia's management forecasting a -1.4% EBITDA CAGR over the next years Synamedia is - probably - a forced seller. Is a company with an overleveraged balance and losing money year after year, and paying SOFR 6.5% on its senior debt ☠️ Hopefully, LMN will be able to stabilize and optimize the business, a classic $CSU.TO turnaround story

Cora Group carves-out banking assets from Finastra (a company owned by Vista EP) Seems like a significant acquisition for $CSU.TO. Claude 🤖 estimates $130-230MM in annual revenue, a ~30% EBITDA margin and between 500-900 employees Finastra is - probaby - another forced seller, with 5x Net Debt / EBITDA and a B3 credit rating (almost at the bottom of the HY) Keep'em coming!

Press Release: Lumine Group Enters into an Agreement to Acquire the Video Network Business from Synamedia. Headquartered in the UK, Synamedia is a global provider of video software solutions helping operators, broadcasters and media companies transform how video is delivered, experienced and monetised. With more than 30 years of industry expertise, Synamedia combines cloud and AI technologies, operational scale, managed services, and deep domain knowledge to support customers through the evolution of video. Consistent with Lumine’s decentralization strategy, the business will operate independently under its primary product name, ‘Quortex.’ Upon completion, this will mark Lumine Group’s 16th corporate carve-out transaction. Read the release here: luminegroup.com/newsroom/lum…

February discussion with chatgpt after some deep research. Did I buy then. No. Reviewed week ago and got onboard with a few FOMO hitting hard. Top is here 🤣 but as a massive AI user and bull I have missed so many opportunities waiting for a good time. Still love me some $CSU.TO

They weren't kidding about looking at more international deals. Topicus looking to spend 130 to 150 million euros on this Australian listed company. $TOI.V finance.yahoo.com/markets/st…

$CSU.TO carves-out transportation assets - again - from $CNDT for $164M They might be buying the "Transit Solutions" segment that generated $371M in revenue in 2025, implying a ~0,4x Sales multiple CNDT is a forced seller due to an total disaster in the implementation of $1 billion transport contract in Melbourne 🇦🇺 Victoria Auditor-General's Office issued an embarrasing audit in March 2026, basically blaming CNDT (overly optimistic delivery schedule; lack of colaboration; performance issues... you name it) Now the adults will take charge

$CSU Feasting

CSU formed a sub-committee to review buybacks but decided it can earn better returns from reinvesting into M&A. Leonard was never open to this so interesting to see a change of thought process.

Conduent to Sell Public Transit Business to Modaxo for $164 Million $CSU.TO

From one of the guys leading $CSU.TO AI "Hubspot - replaced with AI built CRM raia Agents Jira - replaced with AI built system raia Agents MailChimp - replaced with raia Control Zendesk - replaced with raia CX chat copilot Webflow CMS - built website using AI EventBrite - built using AI raia Agent The only SaaS companies that will grow with AI are ones that have strong systems of record, deep workflow integrations into their vertical and service complex businesses. a.k.a Vertical Market Software. Everyone else. Good Luck. We built your products in days and custom to our needs"

One Business Unit in $CSU on AI: Product cycle times dropped from months to hours and revenue growth went from 12% to 23%. ~*~ "If you think of a cycle time from concept through to production software, typically for us, that was measured in months. When we came back in May, we already started measuring that in weeks. And as we went through last year we turned that from weeks into days. And today, our cycle time is measured in hours. We can cycle from concept through to production in hours. And that means a road map that might have taken, say, a whole year, we plan out a whole year road map. That can be literally a week now. So this pace at which we produce software is no longer a problem that we have different challenges instead. But it's fundamentally transformational in terms of what it means for our business. So if I back to the end of last year, our growth was running at about 12% per annum. To date, it's running at 23% per annum. Our vision is that we'll double our revenues by 2029. I think I've also been told I'm sandbagging on that. The interesting thing there is that growth. It's not driven by going faster. It's driven by us asking a totally different question, and that is, if we can go 50x faster than what does that look like for our customers. So what does 50x faster look like for our customers? And for us, that meant we've literally rebuilt our product from scratch. -- we've, in effect, reimagined what a new category of product might be." $CSU AGM 2026

gonna update this - Modaxo and Andromeda both Operating Groups now $CSU.TO

🐐🐐🐐 $CSU

Bonnie Wilhelm dealin'. "New" $CSU.TO Operating Group Andromeda picks up a mid size biz in India - banking vertical 🇮🇳