Ann: Appointment of M&A Specialist, page-22

I use to think buying based on revenue growth rather than EV/EBIT was not a good idea either until an accountant explained it to me .
His reasoning was many of the small growth companies are putting all their surplus resources into growth for two man reasons it lowers admin and other fixed costs as a proportion of total costs and it defers tax to later , but this discounts EBIT for that company higher than if the company was mature and not growing.
Anyway looking to get into a small software company like this or PRO, MTL,ENZ but have very little knowledge of the sector regarding what software is going to do best.