Toronto, Canada – October 4, 2010 – Constellation Software Inc. (“Constellation”) (TSX: CSU) announced today that it has received approximately €5 million from Continental Automotive AG (“Continental”) relating to the value of certain tangible net assets acquired in the acquisition of the Public Transit Solutions (“PTS”) business from Continental on November 2, 2009. The payment was based upon a report from an independent accounting firm confirming the value of the tangible net assets acquired. Constellation is in the process of assessing the implications of the settlement amount on the estimates included in the purchase price allocation.
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.
For further information, contact:
Constellation Software Inc.
John Billowits
Chief Financial Officer
(416) 861-2279
info@csisoftware.com
www.csisoftware.com