skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. CSU: can you explain the differences between LMN and TOI does each company provide the same products but serve different markets also please confirm the degree of ownership by CSU. [Constellation Software Inc.]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: can you explain the differences between LMN and TOI does each company provide the same products but serve different markets also please confirm the degree of ownership by CSU. thanks Richard
Asked by richard on April 24, 2023
5i Research Answer:

LMN operates as a VMS (vertical market software) acquirer targeting VMS companies in the vertical of the telecom, and media industry.  Meanwhile, TOI provides investors exposure to a diversified portfolio of VMS companies but with a focus on the European market.

TOI and LMN are smaller in size than CSU, but growing faster. Both have long runways for growth and offer investors opportunities to compound capital at a high rate for much longer, like purchasing CSU 8-10 years ago. CSU owns 48% of TOI and 61% of LMN (assuming preferred shares convert).