Constellation Software Inc. Comments on Apparent Change in Short Position

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TORONTO, ONTARIO–(February 25, 2008) – Constellation Software Inc. (TSX:CSU) issued a clarification of certain matters reported in the press relating to an increase in short positions in its shares. After consultation with significant shareholders, management wishes to clarify that it is not aware of any significant shareholder that has participated in or made available any shares in order to facilitate any shorting of Constellation shares.

About Constellation Software Inc.

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.

February 25, 2008