Toronto, Ontario, November 27, 2013 – Further to its previous press release of October 28, 2013 in connection with its takeover offer of an appointment scheduling software provider, Constellation Software Inc. (“Constellation”) (TSX: CSU) today announced that its wholly-owned subsidiary Jonas Software AUS Pty Ltd (“Jonas Australia”) has released all remaining conditions of its takeover offer in respect of Shortcuts Software Limited (“Shortcuts”). As of the date hereof, Shortcuts shareholders holding 92.44% of the shares of Shortcuts have accepted the offer. The offer is expected to close on or about December 2, 2013, after which Jonas Australia will exercise its right to compulsorily acquire the remaining outstanding shares of Shortcuts.
“Shortcuts, with its strong global presence in the Salon and Spa markets, is a natural extension of Jonas’ hospitality-related businesses and provides us with a worldwide leading position in this exciting vertical.” said Barry Symons, CEO of Jonas. “We are excited to welcome the Shortcuts’ customers and employees into the Jonas family.”
Shortcuts is the leading global standard in smart salon technology, working with over 14,000 clients worldwide. Shortcuts solutions are tailored to suit the needs of its clients – from large franchised chains through to single site businesses in the hair, spa, school and walk-in industries. Constantly updating its products to meet the changing needs of the market, Shortcuts’ software is supported by the largest research and development team in the industry. Shortcuts’ technologies are currently used in 45 countries around the world.
Jonas is a leading provider of enterprise management software solutions to a number of industries, including a strong and growing presence in many hospitality and leisure related verticals. Jonas now has over 40,000 customers, in over 40 countries worldwide. Jonas’ focus is on creating long term relationships with our customers and ensuring that we meet and exceed their software and service needs.
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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