Constellation Software Inc.
TSX : CSU

Constellation Software Inc.

May 20, 2015 08:24 ET

Constellation Acquires Picis

TORONTO, ONTARIO--(Marketwired - May 20, 2015) - Constellation Software Inc. ("Constellation") (TSX:CSU), announced today that it has entered into, through its wholly-owned subsidiary N. Harris Computer Corporation ("Harris"), a definitive agreement to acquire Picis clinical applications ("Picis"). Picis is the provider of perioperative management solutions and emergency department solutions for over 700 hospital sites worldwide. The transaction is subject to regulatory approval and other customary closing conditions.

The acquisition expands Harris' existing acute care business in the United States, Canadian and international markets. Picis software provides solutions to optimize a hospital's perioperative, anesthesia and critical care environments and workflows. In addition, Picis provides a market-leading emergency department solution under the PulseCheck brand. Harris will continue to develop, sell, implement and support all Picis solution suites using the same employee group headquartered in Wakefield, MA.

Jeff Bender, Chief Executive Officer of Harris, commented, "Picis is a great addition to our HCIT portfolio and deepens our functionality in multiple high acuity care segments. Picis customers will continue to benefit from our commitment to providing solutions that optimize department performance and improve patient outcomes."

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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