Constellation Software Inc. Acquires Solutions by Computer Inc.
June 13, 2008 - TORONTO, ON
Constellation Software Inc. (“Constellation”) (TSX: CSU) announced today that it has completed the purchase of certain assets of Springfield, Massachusetts based Solutions by Computer Inc. (“Solutions”), a privately held corporation. “Solutions is a proven leader in providing mission-critical business management software to the rental industry throughout North America” said Mark Miller, Chief Operating Officer of Constellation. “We are excited about entering a new vertical market and having the Solutions employees, customers and products join Constellation.” Jack Shea, president and founder of Solutions, said, "We are extremely pleased to join Constellation and to have their support in furthering our product development and customer service. Constellation sharesour commitment to market leadership and longevity within the rental software arena, to the benefit of our customers.”
About Constellation:
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
(416) 861-0630