Toronto, Canada, February 9, 2016 – Constellation Software Inc. (“Constellation”) (TSX:CSU), announced today that it has entered into, through its wholly-owned subsidiary N. Harris Computer Corporation (“Harris”), a definitive agreement to acquire SIV.AG (“SIV”). SIV is the provider of utility billing, financial, and customer care outsourcing solutions for over 300 utilities and energy service providers throughout Europe. The transaction is subject to regulatory approval and other customary closing conditions.
The acquisition expands Harris’ existing utility software business with customers in Germany, Switzerland, Bulgaria and Macedonia. SIV software provides solutions to optimize a utility’s billing, financial, asset management and energy management workflows. In addition, SIV provides turnkey business process outsourcing solution for billing and customer care for energy traders and other market participants. Harris will continue to develop, sell, implement and support all SIV solution suites using the SIV employee group headquartered near Rostock, Germany.
Jeff Bender, Chief Executive Officer of Harris, commented, “SIV is a great addition to our utility portfolio and expands our reach into the European market. SIV customers will continue to benefit from our commitment to providing solutions that optimize utility meter to cash processes and improve customer service.”
About Constellation Software Inc.
Constellation Software acquires, manages and builds vertical market software businesses that provide mission-critical software solutions.
About N. Harris Computer Corporation
Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to Public Sector, Schools, Utility, and Health Care agencies throughout North America. Harris’ focus is on creating long-term relationships with its customers and ensuring that it meets the changing needs of its customers over time. Further information about Harris may be obtained from its website at www.harriscomputer.com.
For further information, contact:
Constellation Software Inc.
Jamal Baksh, Chief Financial Officer
Tel: (416) 861-2279
Harris Computer Corporation
Jeff Bender, CEO
Tel: (613) 226 5511 ext 2146