I’m not sure if I understood the question correctly, but Easor certainly capitalizes the development work done on the software. Approximately 77% (27M / 35M) of the balance sheet consists of long-term intangible assets, and a significant portion of the result disappears between EBITDA and operating profit, meaning there are substantial depreciation and amortization (D&A) charges running through. D&A appears to account for about 50% of revenue. On the other hand, compared to the carve-out figures from a year ago, the share of intangibles on the balance sheet seems to have decreased by about 3M, meaning D&A is higher than new capitalizations. There is a large amount of that Talenom-era “pot” on the balance sheet, but that is when the work for it was actually done.
I cannot comment on how those capitalizations compare to other similar companies, as the software business is not familiar to me.