Toronto, ON - Constellation Software Inc. (“Constellation”) (TSX: CSU) announced today that it has completed, through its wholly-owned subsidiary Constellation Financing Systems Corp., the acquisition of the assets of the Finance Edge business from Finance Edge LLC.
“The acquisition of Finance Edge provides Constellation the opportunity to expand our offerings in the asset finance vertical market and apply our proven operational models and strategies” said Dexter Salna, President of Constellation Homebuilders Division “While not a large acquisition by Constellation standards, we are excited that we have been able to build upon a new vertical market that we recently entered.”
About Constellation Financing Systems
Constellation Financing Systems is the premier software and service provider of lease and loan management systems to leading financial institutions, leasing companies, and equipment manufacturers.
About Constellation HomeBuilder Systems
As the largest homebuilding software company in the industry, Constellation has helped more than 1,400 homebuilding companies manage their information technology costs with integrated software solutions to run their business from dirt to warranty. From planning to homeowner services, we have land development software, new home sales and marketing software, production, purchasing, scheduling, accounting, warranty and vendor portal solutions designed exclusively for the homebuilding industry.
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, contact:
John Billowits
Chief Financial Officer
Constellation Software
(416) 861-2279
info@csisoftware.com
www.csisoftware.com
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