Constellation Software has disclosed a 3.1628% stake in Accesso Technology Group plc.

I own a small position in Accesso, so I am biased — but this is exactly the kind of signal that makes a small-cap worth watching more closely.

Constellation has a long record of disciplined software acquisitions and capital allocation. A stake here does not prove anything on its own. But it does raise the quality of the question.

Why is Constellation interested?

I’ll be publishing a full research piece next week.

#Accesso #ConstellationSoftware #SmallCaps #SoftwareInvesting #CapitalAllocation