Constellation Software Inc. announces commencement of share purchases with respect to employee and director plans

    TORONTO, April 2 /CNW/ - Constellation Software Inc. ("Constellation" or
the "Company") (TSX: CSU) today announced that it has paid employee bonuses
and director compensation in respect of the 2006 fiscal year and will commence
purchasing shares on behalf of the employees and independent directors as
stipulated in its various compensation plans.
    As outlined in the Company's Annual Information Form dated March 30,
2007, Constellation requires certain of its employees and directors to
reinvest portions of their annual compensation in common shares of the
Company. For fiscal 2006, the total bonus paid to all employees under this
plan was approximately U.S.$19 million. The reinvestment obligations pursuant
to the bonus plan, along with the granting of key employee loans and the
payment of director's fees, requires the Company to purchase approximately
Cdn $5 million worth of Constellation shares in the open market. No shares of
the Company will be issued from treasury with respect to the noted
compensation plans.
    All purchases will be made through an independent third party purchasing
agent. It is anticipated that the share purchases will be made over the course
of several months. The purchasing agent will execute the trades in accordance
with certain pre-established rules, which are intended to limit the impact on
the Company's share price.
    Constellation's Annual Information Form is available at

    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)

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