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Constellation Acquires Cognera Corporation(April 05, 2012)
TORONTO, ONTARIO -- (Marketwire) -- 04/05/12 -- 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 Cognera Corporation ("Cognera") of Calgary, Alberta.
Cognera provides a managed services platform that is used by competitive commercial retailers for billing and settlement services as well as by municipal customers in Alberta and Ontario for residential billing. The Cognera solution supports the billing of a wide variety of commodities including electricity, gas, water, waste water and recycling.
As a result of the purchase, Cognera will become a business unit within the Harris Utilities Group and will continue to focus on providing a high level of customer engagement including industry and regulatory expertise to its customers from its base in Calgary.
Harris Utilities Group President Rob DiMurro stated, "We welcome the employees and customers of Cognera to the Harris family. Cognera and its managed services platform are a significant addition to our existing portfolio and we look forward to continuing the success that Cognera has realized to date. The Cognera managed services platform will become a core offering within Harris Utilities and we believe it has great potential."
ENTx Capital Corporation partner William Steadman commented "We are pleased that Cognera will continue its record of success within Harris and believe that both the Cognera employees and customers will benefit from being part of the Harris family."
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
President Harris Utilities Group
(613) 226-5511 ext 2146
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