Topicus
- Mar 20
- 23 min read
Company name: Topicus
Ticker symbol: $TOI.V
Sector: Technology
Industry: Vertical Market Software
There is a small city in the Netherlands, called Deventer. It is a medieval city known for its printing history and its gingerbread. What many people don’t know is that it’s home to one of Europe’s most interesting VMS serial acquirer compounding machines: Topicus.com.
As we know, vertical market software businesses have been subject to huge market pressure lately. The question is whether the worries of investors are grounded or not. Topicus isn’t just any VMS company; it has a well-known brother that delivered investors a 13,700% return since 2006: Constellation Software.
In the acquisition announcement in 2020, Mark Leonard understated the rare organic success of Topicus: "I cannot think of another vertical market software company that has achieved Topicus' size without using outside shareholder funding."
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