Constellation Software Inc. Acquires Grampian
April 16, 2007 - TORONTO, ON
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 http://www.trapezegroup.com.
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.
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Chief Financial Officer