Toronto, Canada, June 2, 2008 — Constellation Software Inc. (“Constellation”) (TSX: CSU) announced today that it has completed, through its wholly-owned subsidiary Jonas Software (“Jonas”), the acquisition of Florida-based Gulf Coast Software, Inc. dba Vertical Market Software Inc. (“VMS”).
“VMS is a proven provider of software and services to the construction industry in the United States.” said Barry Symons, CEO of Jonas. “VMS significantly improves our market presence in the U.S. We look forward to continued growth from both our VMS and Jonas products.”
“The acquisition of VMS represents our ninth acquisition in 2008.” said Bernard Anzarouth, VP, Mergers & Acquisitions of Constellation.
About Jonas:
Jonas is a leading provider of enterprise management software solutions to the Club and Construction Management industries. Jonas has over 4,500 customers worldwide in 11 countries. Jonas employs over 200 individuals consisting of a cross-section of industry experts and technology professionals. Jonas is headquartered in Canada and also operates offices in the United States and the United Kingdom.
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.