The Globe and Mail reports in its Wednesday, Sept. 27, edition that Acumen Capital analyst Nick Corcoran has reaffirmed his "buy" recommendation for Computer Modelling Group. The Globe's David Leeder writes that Mr. Corcoran jacked his share target up by 50 Canadian cents to $11.50 (Canadian). Analysts on average target the shares at $8.88 (Canadian). Mr. Corcoran sees Computer Modelling's $22-million (U.S.) acquisition of Bluware-Headwave Ventures as a "positive," touting increases to its product offering and its wallet share with major customers. Mr. Corcoran says in a note: "Bluware expands CMG's portfolio of upstream energy solutions by building on its expertise in cloud delivery, advanced technologies, and data management. Bluware's proprietary VDS data format compresses seismic data sets and interprets them into usable data sets. ... InteractivAI reduces seismic interpretation timelines using ML/AI. Bluware's services business has been steady and funding the growth in software (CAGR [compound annual growth rate] 40-plus-per cent over the last three years). The growth in EBITDA and IRR is expected to be mainly from software that is a SaaS business with not a lot of corresponding costs."