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ASML is the leader in lithography systems for manufacturing semiconductors with 90% market share. Lithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. Lithography allows chipmakers to increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML’s largest clients are TSMC, Samsung, Intel, SK Hynix, and Micron.

Gartner provides independent research and analysis on information technology for chief information officers and other business executives who help plan companies' IT budgets. Its flagship Magic Quadrant reports inform many enterprises of their IT procurement decisions. Gartner also provides consulting services and holds some of the largest conferences in the IT industry. Around 80% of Gartner’s revenue is generated from industry research.

Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company’s three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments. The company also provides a variety of add-on modules and offers outsourced property tax assessment services.

Roper Technologies is a holding company that reinvests cash flows from its portfolio companies into further acquisitions. The firm’s operations are decentralized, while the capital allocation decisions are made at the top corporate level. As of early 2026, Roper has amassed a portfolio of nearly 30 businesses, with over three-fourths of the revenue attributable to software solutions. The firm shops for acquisitions from owner-operators, corporate carve-outs, and private equity firms, with private equity firms as the most common source for its large “platform” acquisitions.