TORONTO, Jan. 26 /CNW Telbec/ - Constellation Software ("Constellation") (TSX: CSU) announces today that it has completed three small acquisitions since December 1, 2006 through its wholly-owned subsidiaries Trapeze Group ("Trapeze") and N. Harris Computer Corporation ("Harris").
Trapeze, a leading provider of solutions for the passenger transport industry, has acquired the Fleet Runner assets of Data Futures in the United States and the driver training software from Inovas in the United Kingdom.
Harris, a leading provider of financial, customer and student information management software solutions for utilities, local governments and schools, has acquired the utility forms business of TAABS Printing and Promotional Products in Tyler, Texas.
"Trapeze and Harris are continuing to add and build upon innovative solutions that enhance the operations of their customer base," said Mark Miller, Chief Operating Officer of Constellation Software. "While these tuck-ins are small, they build upon the breadth of offerings available to our customers."
"The Trapeze acquisitions bring our total number of 2006 acquisitions to 10, and the Harris acquisition is our first for 2007." said Barry Symons, Chief Financial Officer of Constellation Software Inc.
About Trapeze Group
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 www.trapezegroup.com.
About N. Harris Computer Corporation
Harris is a wholly-owned subsidiary of Constellation and is a leading provider of financial management and Customer Information Systems (CIS) software solutions. Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to all levels of local government, public power and water entities as well as school districts throughout North America. Harris' focus is on creating long-term relationships with our customers and ensuring that we meet the changing needs of our customers over time.
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.