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Constellation Acquires Capital Computer Associates(February 16, 2012)
TORONTO, ONTARIO -- (Marketwire) -- 02/16/12 -- Constellation Software Inc. ("Constellation") (TSX:CSU) today announced that its wholly-owned division Harris Computer Systems ("Harris"), a leading provider of financial, customer and public safety management software solutions for utilities, local governments and public safety agencies, purchased Capital Computer Associates, Inc. ("CapCom") of Albany, NY.
CapCom offers a complete portfolio of administrative products and services for New York State school districts and their associated Boards of Cooperative Education Services ("BOCES") including human resources, payroll, fund accounting, and purchasing. As a result of the transaction, CapCom will be consolidated within Harris School Solutions, the Harris operating division focused on administrative solutions for K-12 school districts throughout North America.
Jerry Canada, President of Harris Public Sector and School Group commented, "We are excited about the acquisition of CapCom as it allows us to continue our growth plan through increasing market share in a key state such as New York. Together with the management team, we will integrate the product portfolio with our own solutions and continue to grow our presence in the state." Harris will continue to develop, service, and support the CapCom product line from the current Albany, New York office.
Constellation acquires, manages and builds vertical market software businesses that provide mission critical software solutions. Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Further information about Constellation may be obtained from the Company's web site at http://www.csisoftware.com.
Harris is a wholly owned division 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 http://www.harriscomputer.com, or call 888-847-7747.
Constellation Software Inc.
Chief Financial Officer
Harris Computer Systems
Jerry Canada Jr.
President, Harris Public Sector and School Group
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