Toronto, Canada, April 4, 2008 — 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 System Innovators Inc. System Innovators is a leading provider of online cashiering and collections systems and support for government and utility clients.
“I am pleased to add System Innovators to the Harris family of solutions.” stated Jeff Bender, Harris CEO. “We continue to add best in class solutions to our portfolio and this is no exception. We are impressed with the employee group, customer base and solutions and look forward to a long future together.” continued Bender. “This acquisition is good for existing and prospective customers as we expand the available market for System Innovators’ solutions.”
Roger Nelson, the founder and owner of System Innovators, said “I have thoroughly enjoyed the 27 years that I have spent building this business and am grateful for the many friendships with employees and clients that have developed along the way. System Innovators is poised for growth and I am ready for an active retirement so this is the right thing to do to allow the business to flourish. Our clients and employees will both benefit from this acquisition by Harris. I am confident that I am leaving the company in good hands”.
“System Innovators’ success has been built on our total commitment to our clients for the past 27 years.” stated Jim Simak, Executive Vice President responsible for the System Innovators business unit. “Harris’ philosophy of “Software for Life” enables us to fulfill on our mission of exceeding our clients’ expectations. This opportunity will allow System Innovators to deliver our innovative cashiering products and services to a much larger market. We are very pleased to join the Harris family.”
As a result of the purchase, System Innovators and its flagship cashiering solution iNovah are now part of the Harris portfolio of solutions. System Innovators will operate as a business unit of Harris and will continue to sell, develop, enhance, support and service iNovah, RevenueCollector and Cashier for Windows from their current offices in Jacksonville, FL.
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. Constellation 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.
About Harris:
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 https://www.harriscomputer.com, or call 888-847- 7747.
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