Constellation Software Revises Offer to Buy Manatron Inc.

TORONTO, March 5 /CNW Telbec/ - Constellation Software Inc. ("Constellation") (TSX: CSU) announced today it has filed a Schedule 13D/A with the Securities and Exchange Commission. The schedule states that Constellation has notified a Co-Chairman of the Board of Manatron Inc. of its revised offer to purchase the outstanding common shares of Manatron Inc. for US$10.00 per share.

Manatron, headquartered in Portage, Michigan, has approximately 5,100,000 common shares outstanding, which at US$10.00 a share makes the offer worth approximately US$51 million.

Constellation noted in the filing that the proposal is not binding on Constellation at this time but is extended in sincerity to advance a combination that Constellation believes is in the best interests of the shareholders of both companies.

About Constellation Software Inc.

Constellation Software Inc.'s common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation is an international provider of market-leading software and services to a number of industries across 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.