Constellation Software Inc.
TSX : CSU

Constellation Software Inc.

December 29, 2014 08:00 ET

Constellation Acquires CareTracker Inc.

TORONTO, ONTARIO--(Marketwired - Dec. 29, 2014) - Constellation Software Inc. ("Constellation") (TSX:CSU), announced today that it has completed, through its wholly-owned subsidiary N. Harris Computer Corporation ("Harris"), the acquisition of CareTracker Inc. ("CareTracker"), a subsidiary of OptumInsight. CareTracker is a provider of practice management solutions for physician practices in the United States. The financial terms of the transaction were not disclosed.

The acquisition expands Harris' existing US healthcare business into the adjacent ambulatory market. CareTracker's Software as a Service (SaaS) platform enables Harris to continue its expansion into the US healthcare information technology ("HCIT") market. Harris will continue to develop, sell, implement and support the CareTracker solution using the same employee group headquartered in Providence, RI.

Jeff Bender, Chief Executive Officer of Harris, commented, "CareTracker is a great addition to our HCIT portfolio and complements our existing acute care solutions. With CareTracker we gain immediate scale from both an employee and customer perspective into the physician office. We are excited to leverage our increased scale in HCIT for the benefit of care providers and their constituents and look forward to a long and mutually beneficial relationship with Optum."

About Constellation Software Inc.

Constellation Software acquires, manages and builds vertical market software businesses that provide mission-critical software solutions.

About N. Harris Computer Corporation

Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to Public Sector, Schools, Utility, and Health Care agencies throughout North America. Harris' focus is on creating long-term relationships with its customers and ensuring that it meets the changing needs of its customers over time. Further information about Harris may be obtained from its website at www.harriscomputer.com.

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