Constellation Software Inc.
TSX : CSU

Constellation Software Inc.

October 01, 2010 17:27 ET

Constellation Software Acquires Cogsdale

TORONTO, ONTARIO--(Marketwire - Oct. 1, 2010) - 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 the Cogsdale group of companies ("Cogsdale").

Cogsdale is a leading provider of service-oriented business solutions to local governments and utilities. Its flagship solutions leverage the Microsoft Dynamics GP platform to provide financials, work management, people management, asset management, customer information and utility billing to more than 300 clients in North America. Cogsdale has 132 employees, and its headquarters will remain in Charlottetown, Prince Edward Island, Canada.

As a result of the purchase, Cogsdale will continue to operate independently as a separate business unit within Harris and will continue to sell, develop, enhance, support and service its flagship solutions. Cogsdale initiatives and support on the WebProcure, FAMIS and Performance Series product lines will also continue post acquisition. 

Harris CEO Jeff Bender stated, "We welcome the employees and customers of Cogsdale to the Harris family. Cogsdale and its solutions are a significant addition to our Customer Choice strategy and provide Harris and its customers with unparalleled choice among the best solutions available in the marketplace." 

Cogsdale General Manager Duncan Shaw commented "I am excited to be part of the Harris team - this is the right move for our customers and our employees. As part of Harris we will be able to focus our efforts and resources on continuing to build and strengthen our customer relationships and also on ensuring that our vision for the future is realized."

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.

About Constellation Software Inc.

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 N. Harris Computer Corporation 

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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