Ann: Acquisition, page-25

Btw if you want some comfort go and have a look at OVH as to how these companies can perform when they get momentum.

OVH is a very similar company but with some differences. Regardless it's performance has been stellar recently mainly on the back of aquisitons.

It's a mandated growth industry so they should have high PEs. There is also the chance that there is consolidation in the industry so takeovers are a real possibility (I hope not yet as it has a lot of potential)

OVH trades at a forward PE of 83. Have a look at its recent run.