FOR IMMEDIATE RELEASE
Constellation Software
Inc. Announces the Acquisition of Systems & Software Incorporated
TORONTO, ONTARIO, December 3, 2007 - Constellation
Software Inc. ("Constellation") (TSX:CSU) announced today
that it has acquired the business of Vermont-based Systems &
Software Incorporated ("SSI").
As a result of the purchase, SSI and its flagship enQuesta CIS
will become part of the portfolio of Customer Information Systems
(CIS) software solutions for Constellation's Harris Operating Group
("Harris"). SSI will operate as an independent division
of Harris and will continue to sell, develop and enhance enQuesta
CIS and provide support and service to SSI customers.
Harris CEO Jeff Bender stated, "We are very pleased with our
ability to complete the purchase of SSI. SSI and enQuesta will be
great additions to our Customer Choice strategy and provide Harris
and its customers with unparalleled choice among the best solutions
available in the marketplace. Harris provides the level of corporate
and financial stability as well as market leadership that the CIS
market needs and wants. Our business model positions us to succeed
for our customers and our employees - providing the best of both
worlds."
"The acquisition of SSI, with just under 90 employees, is
a good example of Constellation's business model," commented
John Billowits, Chief Financial Officer of Constellation. "As
one of our larger tuck-in acquisitions in the utility space, SSI
will provide Harris with another key platform to complement its
growth strategy."
"We are pleased with the amount of capital we have deployed
in 2007," said Bernard Anzarouth, VP, Business Development
of Constellation. "Including companies acquired in Q4, we have
deployed US$52M on acquisitions in 2007. This is the most capital
we have deployed on acquisitions in any one year."
About Constellation
Constellation's common shares are listed on the Toronto Stock Exchange
under the symbol "CSU". Constellation Software is an international
provider of market leading software and services to a number of
industries across both the public and private sectors. Constellation
acquires, manages and builds vertical market software businesses
that provide mission-critical software solutions to address the
specific needs of its customers in those industries.
About Harris
Harris is a wholly-owned subsidiary of Constellation and
is a leading provider of financial management and Customer Information
Systems (CIS) software solutions. Since 1976, Harris has focused
on providing feature-rich and robust turnkey solutions to all levels
of local government, public power and water entities as well as
school districts throughout North America. Harris' focus is on creating
long-term relationships with our customers and ensuring that we
meet the changing needs of our customers over time. For further
information on Harris Computer Systems, please visit our website
at www.harriscomputer.com.
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