Business
Constellation Software Inc. Acquires Grampian
Constellation Software Inc. Acquires Grampian.
About this update from Constellation Software Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, April 16 /CNW Telbec/ - Constellation Software Inc.\n("Constellation") (TSX: CSU) announced today that it has completed, through\nits wholly-owned subsidiary Trapeze Software Inc. ("Trapeze"), the acquisition\nof Grampian Software Holdings Limited ("Grampian").\n\n\nTrapeze Chief Executive Officer Mark Miller stated, "As a leading\nprovider of employee management systems to the U.K. bus industry, Grampian is\na great addition to Trapeze. The company's duty allocation system complements\nour current solution offering, which helps us to deliver a more comprehensive\ntransport enterprise system to the U.K. public transport market. In addition,\nGrampian services the distillery industry with leading products designed to\nmanage the daily operations of these facilities. We welcome Grampian\ncustomers, employees and products to Trapeze."\n\n\n"Grampian is another example of a typical tuck-in acquisition for\nConstellation," said Barry Symons, Chief Financial Officer of Constellation.\n"With a total purchase price of approximately US$2 million, this acquisition\nfurthers our goals of allocating capital toward building our existing\nbusinesses and driving our acquired revenue growth."\n\n\nAbout Trapeze Software Inc.\n\n\nTrapeze Group delivers solutions that consider the full 360 degrees of\npassenger transport. Whether addressing the needs of a single department, an\nentire organization, or the community, Trapeze provides some of the most\nadvanced software, intelligent transportation systems (ITS) and mobile\ntechnologies in the industry. Hundreds of government and commercial\norganizations across North America, Europe and Asia Pacific have turned to\nTrapeze to realize efficiencies, enhance the quality and scope of their\nservices, and safely transport more people with less cost. Visit\nwww.trapezegroup.com.\n\n\nAbout Constellation Software Inc.\n\n\nConstellation's common shares are listed on the Toronto Stock Exchange\nunder the symbol "CSU". Constellation Software is an international provider of\nmarket leading software and services to a number of industries across both the\npublic and private sectors. The Company acquires, manages and builds vertical\nmarket software businesses that provide mission-critical software solutions to\naddress the ...