From its origins as on-premise installations sold to CTOs, enterprise software has expanded to include to SaaS applications sold to business users and now to Application Programming Interfaces (APIs) sold to developers. As I explained in my Okta post: Twenty years ago, it probably wouldn’t have made sense to fashion a whole company around, say, […]
Category Archives: [TWLO] Twilio
[SAIA] Saia [XPO] XPO [ODFL] Old Dominion
[ODFL, SAIA, XPO] the LTL carriers are going to be ok
January 5, 2026
If I were to tell you about a company whose main job is to move [...]
Continue reading →[AVTR] Avantor
[AVTR] a poor man’s Thermo Fisher
December 22, 2025
Avantor is like Thermo Fisher in some respects. It distributes lab products and sells bioprocessing [...]
Continue reading →Uncategorized
Survey results + programming notes
December 19, 2025
Hi everyone – on Monday, I’ll share some thoughts on Avantor in my final post [...]
Continue reading →scuttlebits [FOUR] Shift4
[scuttlebit] Shift4’s organic growth
December 10, 2025
Last week, a reader and Shift4 shareholder messaged me, raising questions about the company’s organic [...]
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Continue reading →[BAH] Booz Allen
Booz Allen and the business of defense – part 2
December 8, 2025
I left Part 1 with the observation that, starting in earnest around a decade ago, [...]
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