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Constellation Software Inc. Acquires Markinson Technologies Pty Ltd.(December 14, 2011)
TORONTO, ONTARIO -- (Marketwire) -- 12/14/11 -- Constellation Software Inc. ("Constellation") (TSX:CSU) today announced that its wholly-owned subsidiary, Friedman Corporation ("Friedman") has completed the acquisition of Markinson Technologies Pty Ltd. ("Markinson").
Markinson offers fully-featured, configurable applications for multi-facility wholesalers and retailers through two product lines: Momentum Pro and Shopkeeper. Markinson's ERP solutions support a broad range of industries including Automotive, Electronics, and Capital Equipment, with a customer base throughout Australia, New Zealand and the Asia-Pacific region. Markinson is based in Australia, and has offices in Brisbane, Sydney and Melbourne.
As a result of the purchase, Markinson will become part of Constellation's Friedman Operating Group, and will operate as an independent division of Friedman. Markinson will continue to develop, enhance, and sell ERP software solutions and continue to provide the highest level of support to their customers.
Eric Herrmann, Chief Financial Officer of the Friedman Operating Group, comments "The Markinson product offering will enable us to grow our presence in the distribution, wholesale and retail management market sectors across specialized industries and further penetrate the Australian and Asia-Pacific regions."
Mark Robertson, Chairman and Founder of Markinson, adds "This is an exciting development for both Markinson and its customers. The acquisition by Friedman provides us a strong corporate platform and access to resources and expertise which will allow us to improve our product portfolio and extend our market reach, while at the same time continuing to provide first-class service to our customers."
Friedman specializes in complete ERP solutions for manufacturers and distributors of "make to order" and "engineer to order" products in the building products, capital equipment, and automotive sectors. The Friedman Operating group also has a complementary portfolio of software offerings for transportation management, material optimization, supply chain management and direct-to-consumer distribution. For further information about Friedman Corporation, please visit their website at www.friedmancorp.com
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.
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