Business
Constellation Software Inc. Acquires Business Assets of APTA Software
Constellation Software Inc. Acquires Business Assets of APTA Software.
About this update from Constellation Software Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 5 /CNW Telbec/ - Constellation Software Inc.\n(\"Constellation\") (TSX: CSU) announced today that it has completed, through\nits wholly-owned subsidiary N. Harris Computer Corporation (\"Harris\"), the\nacquisition of the business assets of APTA Software (\"APTA\").\n\n\n\"APTA Software, based in Tucson, Arizona, is a software provider for K-12\nschool districts and charter schools in the United States. This marks our\nfourth acquisition in the school administration vertical after first entering\nthis vertical just over a year ago,\" said Jeff Bender, Chief Executive Officer\nof Harris. \"We welcome the APTA customers, employees and products into the\nHarris family.\"\n\n\n\"While the APTA acquisition will not have a material impact upon\nConstellation, tuck-in acquisitions such as this are a good example of\nConstellation's business model,\" said Barry Symons, Chief Financial Officer of\nConstellation. \"We often enter a fragmented vertical with a small acquisition\nand then rapidly build scale with a series of tuck-in acquisitions in that\nsame industry.\"\n\n\nAPTA is Constellation's second acquisition so far in 2007 and the eighth\nsince Constellation went public in May, 2006.\n\n\nAbout Harris Computer Corporation:\n\n\nHarris Computer Corporation is a wholly-owned subsidiary of Constellation\nand is a leading provider of financial management and Customer Information\nSystems (CIS) software solutions. Since 1976, Harris has focused on providing\nfeature-rich and robust turnkey solutions to all levels of local government,\npublic power and water entities as well as school districts throughout North\nAmerica. Harris' focus is on creating long-term relationships with our\ncustomers and ensuring that we meet the changing needs of our customers over\ntime.\n\n\nAbout Constellation Software Inc.:\n\n\nConstellation Software Inc.'s common shares are listed on the Toronto\nStock Exchange under the symbol \"CSU\". Constellation is an international\nprovider of market leading software and services to a number of industries\nacross both the public and private sectors. The Company acquires, manages and\nbuilds vertical market software businesses that provide mission-critical\nsoftware solutions to address the specific needs of its customers in those\nindustries.\n\n\nForward Looking Statements\n\n\nCertain stateme...