Constellation Software Inc.
TSX : CSU

Constellation Software Inc.

August 04, 2009 08:00 ET

Constellation Software, Inc., Acquires the Enterprise and the Homebuilder Web Development Group Assets From Move, Inc.

TORONTO, ONTARIO--(Marketwire - Aug. 4, 2009) - Constellation Software Inc. ("Constellation") (TSX:CSU) announced today that it has completed, through its wholly-owned subsidiary Constellation Homebuilders Systems ("CHS"), the acquisition of certain assets and liabilities of the Enterprise and the Homebuilder Web Development Group ("The Enterprise") from Move, Inc. (NASDAQ:MOVE), the leader in online real estate.

The Enterprise, based in Milwaukee, WI, develops custom Web sites for real estate brokerages and homebuilders. Product offerings include web development, interactive voice response (IVR/Hotline) systems, and television production solutions.

"We are pleased to add The Enterprise to the CHS family of technology solutions," commented Dexter Salna, President of CHS. "We will continue to build on The Enterprise's strong, well established customer base and flagship product line."

About Constellation:

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. Constellation 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.

About Move, Inc.

Move, Inc. (NASDAQ:MOVE) is the leader in online real estate with 8.3 million(1) monthly visitors to its online network of websites. Move, Inc. operates: Move.com®, a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com®, the official Web site of the National Association of REALTORS®; Moving.com; SeniorHousingNet.com™; and Top Producer® Systems. Move, Inc. is based in Westlake Village, California.

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