Constellation Software Inc.
TSX : CSU

Constellation Software Inc.

December 07, 2009 08:00 ET

Constellation Acquires Tailored Business Systems

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2009) - Constellation Software Inc. ("Constellation")(TSX:CSU) today announced that its wholly-owned subsidiary Harris Computer Systems ("Harris"), a leading provider of financial, customer and student information management software solutions for utilities, local governments and school districts, purchased Tailored Business Systems ("TBS"), a wholly owned subsidiary of VillageEDOCS ("VEDO")(OTCBB:VEDO).

TBS offers a portfolio of products and services for local government including: property tax billing, utility billing, occupational tax, purchase and invoicing, and volume print and mail distribution services. As a result of the transaction, TBS will be consolidated within Harris' Spectrum operating division.

Jerry Canada, General Manager of Harris' Spectrum operating group commented, "The acquisition of TBS is an ideal match for the Spectrum division of Harris. TBS has a large, long-standing, and loyal customer base primarily located in the Southeast. As their customers utilize the same core software applications as our existing users, the acquisition creates several new product and service opportunities for both companies."

Harris will continue to develop, service and support the TBS product line from the current Statesboro, GA office. "The TBS team has exceptional experience in providing solutions to local government. We look forward to working with our new customers and employees for many years to come," said Canada.

About Constellation:

Constellation acquires, manages and builds vertical market software businesses that provide mission critical software solutions. Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Further information about Constellation may be obtained from the Company's web site at www.csisoftware.com.

About Harris:

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. For further information on Harris Computer Systems, please visit our website at http://www.harriscomputer.com, or call 888-847-7747.

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