Constellation Software Inc.
TSX : CSU

Constellation Software Inc.

January 05, 2015 07:45 ET

Contract Awarded to Trapeze Group, a Division of Constellation Software's Volaris Group, for Provision of a Comprehensive Intelligent Transportation System for Riyadh

TORONTO, ONTARIO--(Marketwired - Jan. 5, 2015) - Constellation Software Inc. (TSX:CSU) today announced that the High Commission for the Development of Arriyadh represented by ARRIYADH DEVELOPMENT AUTHORITY ("Riyadh") has awarded a significant contract to Trapeze Group ("Trapeze"), a division of Constellation's wholly-owned subsidiary, Volaris Group Inc., for the provision of a comprehensive intelligent transportation system ("ITS").

The ITS solution for Riyadh is designed to help to improve the efficiency of both fixed-route and flexible public transport services in the area and includes automated vehicle management and real-time passenger information systems for the public bus transport system.

Riyadh is the capital city of the Kingdom of Saudi Arabia with a population of approximately five million inhabitants; it is the country's business, government, financial and cultural hub.

About Trapeze Group

Trapeze delivers solutions that consider the full 360 degrees of passenger transport. Whether addressing the needs of a single department, an entire organization, or the community, Trapeze provides some of the most advanced software, intelligent transportation systems and mobile technologies in the industry. Hundreds of government and commercial organizations across North America, Europe and Asia Pacific have turned to Trapeze to realize efficiencies, enhance the quality and scope of their services, and safely transport more people with less cost. Learn more at www.trapezegroup.com.

About Volaris Group

Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. Volaris companies provide specialized, mission-critical solutions to 11 vertical markets around the world. Volaris is an operating group of Constellation Software Inc. Learn more at www.volarisgroup.com or call 905.629.5297.

About Constellation Software Inc.

Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation acquires, manages and builds vertical market software businesses.

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