TORONTO, April 16 /CNW Telbec/ - Constellation Software Inc.
("Constellation") (TSX: CSU) announced today that it has completed, through
its wholly-owned subsidiary Trapeze Software Inc. ("Trapeze"), the acquisition
of Grampian Software Holdings Limited ("Grampian").
Trapeze Chief Executive Officer Mark Miller stated, "As a leading
provider of employee management systems to the U.K. bus industry, Grampian is
a great addition to Trapeze. The company's duty allocation system complements
our current solution offering, which helps us to deliver a more comprehensive
transport enterprise system to the U.K. public transport market. In addition,
Grampian services the distillery industry with leading products designed to
manage the daily operations of these facilities. We welcome Grampian
customers, employees and products to Trapeze."
"Grampian is another example of a typical tuck-in acquisition for
Constellation," said Barry Symons, Chief Financial Officer of Constellation.
"With a total purchase price of approximately US$2 million, this acquisition
furthers our goals of allocating capital toward building our existing
businesses and driving our acquired revenue growth."
About Trapeze Software Inc.
Trapeze Group delivers solutions that consider the full 360 degrees of
passenger transport. Whether addressing the needs of a single department, an
entire organization, or the community, Trapeze provides some of the most
advanced software, intelligent transportation systems (ITS) and mobile
technologies in the industry. Hundreds of government and commercial
organizations across North America, Europe and Asia Pacific have turned to
Trapeze to realize efficiencies, enhance the quality and scope of their
services, and safely transport more people with less cost. Visit
About Constellation Software Inc.
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. The Company 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.
Forward Looking Statements
Certain statements herein may be "forward looking" statements that
involve known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of Constellation or the
industry to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. These
statements reflect current assumptions and expectations regarding future
events and operating performance and speak only as of the date hereof. Forward
looking statements involve significant risks and uncertainties, should not be
read as guarantees of future performance or results, and will not necessarily
be accurate indications of whether or not such results will be achieved. A
number of factors could cause actual results to vary significantly from the
results discussed in the forward looking statements. These forward looking
statements are made as of the date hereof and Constellation assumes no
obligation to update any forward looking statements to reflect new events or
For further information:
For further information: Barry Symons, Chief Financial Officer, (416)
861-2279, email@example.com, www.csisoftware.com