May 2026
📣 VC round data is live. Check it out!
Largest Public Sector & Non-Profit Software Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
Constellation Software, Sylogist and Argo.
 | Constellation Software is an acquirer, manager, and developer of vertical market software, or VMS, businesses globally. VMS differentiates from horizontal software in that it provides mission critical solutions within a specific industry for customers in a particular market. Constellation operates through a decentralized model in which each business operates as its own independent entity. Managers of individual businesses are incentivized to optimize their business for returns on invested capital and revenue growth. Excess cash generated by the individual businesses is repatriated to portfolio managers who focus on allocating as much capital as possible on new acquisitions. As of 2025, Constellation consisted of over 1,000 individual businesses and 64,000 employees. | $2,048 | -44% | $43B | $46B | 4.0x | 14.0x | ||
| Sylogist Ltd is a software company that provides software-as-a-service (SaaS) solutions that provides ERP, CRM, fundraising, education administration, and payments solutions to education verticals. , including fund accounting, grant management, and payroll to public service organizations. The company's revenue is divided into verticals namely, SylogistMission, SylogistEd, SylogistGov, and SylogistServices. It receives maximum revenue in the form of SaaS subscriptions. Geographically, the company offers its services to the United States of America, Canada, the United Kingdom, and other regions. The majority of the revenue comes from the United States of America. | $3 | -60% | $62M | $73M | 1.6x | 10.9x | ||
| Argo Corp is a new technology venture focused on transforming public transportation and improving mobility within and across Canadian cities. The company is using Canadian technology to remove barriers to transportation services. The company operates in Two segments: Canada and USA. | $0 | -46% | $61M | $62M | 38.9x | (6.2x) | ||
| Median | $3 | -46% | $62M | $73M | 4.0x | 10.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.