Constellation Software Inc. Acquires PG Govern



    TORONTO, March 2 /CNW/ - Constellation Software Inc. ("Constellation")
(TSX: CSU) announced today that it has completed the acquisition of PG Govern
("PG") through its wholly-owned subsidiary N. Harris Computer Corporation
("Harris").
    Harris Chief Executive Officer Jeff Bender stated, "PG is a great
addition to the Harris family of products. PG has tremendous market share and
brand recognition in the Quebec marketplace. PG provides its customers with a
robust product suite, value added service delivery, and has a solid track
record in customer satisfaction. In addition, the Govern CAMA and Land
Management suite of products will be a strong complement to our existing local
government business suite and will generate a lot of interest from both sales
prospects as well as our existing customers."
    PG Founder and Chairman Thomas Gagnon commented, "This is the right move
for our customers, our employees and the company. Becoming part of the Harris
family provides us with access to the resources we need to continue our track
record of success. I am confident that the sale marks the beginning of the
next 20 years of success for PG. I have invested a lot of my life's energy
into building PG and I am pleased that our group of executives will continue
to build upon my vision."
    "PG represents one of our larger acquisitions to date, with a total
purchase price of approximately Cdn$25 million plus adjustments for audited
net tangible assets delivered at close," said Barry Symons, Chief Financial
Officer of Constellation. "With revenues for the year ended December 31, 2006
of approximately Cdn$16 million, we expect that PG will contribute
significantly to our targeted acquisition growth in 2007."
    Constellation's Vice President, Business Development Bernard Anzarouth
added, "PG is Constellation's third acquisition so far in 2007 and our ninth
since we went public in May, 2006. We are encouraged by our strong start to
2007 with respect to our capital allocation goals for the year."

    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.

    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
circumstances.





For further information:

For further information: Barry Symons, Chief Financial Officer, (416)
861-2279, info@csisoftware.com, www.csisoftware.com

Organization Profile

CONSTELLATION SOFTWARE INC.

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