Core Insights - Vontier Corporation's software business constitutes approximately 10% to 12% of total sales, indicating a significant but not overwhelming reliance on software revenue [3]. Software Business Overview - The company's software is categorized as industrial software that is closely integrated with hardware, emphasizing its role in controlling, automating, and optimizing physical operations [3]. - Vontier's software platforms are essential for various operators, such as convenience store operators, fleet operators, and ChargePoint operators, as they facilitate critical business functions including payment processing [3].