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Constellation Software Inc. Acquires the Assets of Local Government Solutions(May 03, 2012)
TORONTO, ONTARIO -- (Marketwire) -- 05/03/12 -- Constellation Software Inc. ("Constellation") (TSX:CSU) today announced that it has acquired the assets of the Local Government Solutions division of Lender Processing Services ("LPS").
The Local Government Solutions division provides software solutions specifically designed for county and local governments that address document and workflow management, court case management, county recording, and property appraisal and tax collections.
Constellation's Harris Computer Systems will assume the county recording as well as property appraisal and tax collections assets, while Volaris Group will assume the assets of the court case management business for its Justice market segment. Approximately 140 employees will be joining Constellation as a result of the acquisition.
About Harris Computer Systems
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.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. Volaris companies provide specialized, mission-critical solutions to vertical markets around the world including Agri-Food, Asset Management and Logistics, Justice and People Transportation. Volaris is an operating group of Constellation Software Inc. Learn more at www.volarisgroup.com or call 905.267.5400.
About Constellation Software
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.
Constellation Software Inc.
Chief Financial Officer
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