13 Comments

It's interesting that once you go through the full list of CSU business units and their sectors, you realize that Lumine is actually quite specific, in that, that no other OG or sub-OG have invested in communication and media VMSs. Big question is how much of the legendary 40.000 companies defining CSU's total addressable market, falls into description of communication and media. My assumption is that they do not have so many small targets ahead of them, but that this is a convenient way to acquire a larger target from time to time (merger instead of full acquisition).

I am updating my database with sector information for the whole CSU. We will know soon :)

https://nicoper.substack.com/p/6-the-whole-constellation

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Agreed, the company is definitely easier to scale but TAM will probable be limited. It's also worth noting that they are already at an $11M acquisition size at this stage so definitely not the same as CSU in the early days

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great overview Leandro, thank you!

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You are welcome! Thanks for reading!

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In fact, I enjoyed it so much, I linked it here:

https://www.libertyrpf.com/i/92126608/constellation-softwares-lumine-spin-out

Cheers! 💚 🥃

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Thank you Liberty! It's an honor for me to be included in your articles, which are always packed (I mean literally) with great info. Always enjoyed your style!

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Thanks for reading! Just following my curiosity! 💚 🥃

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Awesome work Leandro! Thanks for sharing!

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You are welcome!

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Superb write-up! The amount of detailed work is admirable. We'll be sending our subscribers to this post.

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Thanks a lot! Glad to hear that and thanks a lot for reading!

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Great stuff, thank you for taking the time to write this! 💚 🥃

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Thank you for reading Liberty!

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