Transcript
Introduction
Zack
This is Zack Fuss an investor at Irenic Capital. And today, we're breaking down Constellation Software. Constellation is a software conglomerate that owns more than 500 vertical software businesses. It was founded by Mark Leonard in 1995 and has delivered remarkable returns to its shareholders since going public on Toronto Stock Exchange in 2006.
To breakdown Constellation, I'm joined by Chris Cerrone, a partner and portfolio manager at Akre Capital Management. We discuss Mark Leonard's unique approach to building the business, why Constellation could be considered the gold standard for its employee compensation policies and how the business has honed its acquisition engine to enable upwards of 100 acquisitions per year. Please enjoy this breakdown of Constellation Software.