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      "text": "Now $1 billion is a big number. It's a 5x in fold from where we are today. So, let's talk about how we're going to get there. We're going to do it through acquisitions...",
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      "text": "Internally, the single best measure that we have is IRR when we're looking at our acquisition discipline.",
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      "text": "Personally, what I seek to do and what I've hopefully convinced others around Constellation to do is to use IRR as the method of choice. And because we're looking to buy and hold forever, I feel way more comfortable with IRR as an approach. And so we set a relatively high IRR bar and then we use multiple scenarios that are probability weighted to come up with the IRR that we expect, taking into account all possible outcomes.",
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      "text": "We are very serious about our build to $1 billion strategy. With this acquisition, we'll be close to $1 billion adjusted EBITDA which is our EBITDA objective that we set out. We plan to maintain our strategy to achieve this target within the near term. Once this deal closes, or should the deal close, we will be from an EBITDA perspective, the fifth biggest tech company on the TSX.",
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      "text": "\"Now $1 billion is a big number. It's a 5x in fold from where we are today. So, let's talk about how we're going to get there. We're going to do it through acquisitions... We are very serious about our build to $1 billion strategy. With this acquisition, we'll be close to $1 billion adjusted EBITDA which is our EBITDA objective that we set out. We plan to maintain our strategy to achieve this target within the near term. Once this deal closes, or should the deal close, we will be from an EBITDA perspective, the fifth biggest tech company on the TSX.\" — Matt Proud, CEO of Dye & Durham; \"Internally, the single best measure that we have is IRR when we're looking at our acquisition discipline. Personally, what I seek to do and what I've hopefully convinced others around Constellation to do is to use IRR as the method of choice. And because we're looking to buy and hold forever, I feel way more comfortable with IRR as an approach. And so we set a relatively high IRR bar and then we use multiple scenarios that are probability weighted to come up with the IRR that we expect, taking into account all possible outcomes.\" — Mark Leonard, Founder & President of Constellation Software",
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