We have three updated reports at 5i Research in the form of Alcanna (CLIQ), Sylogist (SYZ) and Swiss Water (SWP, formerly Ten Peaks). One report gets an upgrade, one a downgrade and one rating is maintained so make sure you give the reports a read. We also had an additional analysis on CLIQ that expands on some of our thoughts in the report. You can read the addendum here.