Constellation Software Inc.
TSX : CSU

Constellation Software Inc.

October 05, 2007 17:00 ET

Constellation Software Inc. Acquires Varsity Logistics Inc.

TORONTO, ONTARIO--(Marketwire - Oct. 5, 2007) - Constellation Software Inc. ("Constellation") (TSX:CSU) announced today that it has completed, through its wholly-owned subsidiary Constellation Software (U.S.A.) Inc., the acquisition of San Francisco, CA-based Varsity Logistics Inc. ("Varsity"), a privately held corporation.

"Varsity is a leader in multi-carrier shipping software throughout North America" said Bernard Anzarouth, VP, Business Development of Constellation. "We are excited to have the Varsity employees, customers and products join the Constellation team."

"The acquisition of Varsity presents Constellation with a unique opportunity to enter a new market with a proven product, and provides a complementary software solution that can be sold by other Constellation subsidiaries" said Mark Miller, Chief Operating Officer of Constellation. "We are looking forward to working with the Varsity team in leveraging their excellent industry reputation and enhancing their market position."

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. 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.

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