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Trapeze Group, a Subsidiary of Constellation's Volaris Group, Expands Passenger Transport Solution Offering in Australia with Acquisition of Bacchus Management(June 14, 2012)
TORONTO, ONTARIO -- (Marketwire) -- 06/15/12 -- Constellation Software Inc. ("Constellation") (TSX:CSU) today announced that Trapeze Group, a subsidiary of its wholly-owned division Volaris Group, has purchased Bacchus Management Holdings Pty Ltd ("Bacchus") based in Brisbane, Australia. The acquisition further extends Trapeze's solution offering in the Australian market place and strengthens the company's position as it continues to expand into the broader Asian Market.
Bacchus provides integrated operations and financial management, ticketing and RTPI (real-time passenger information) solutions to the passenger transport industry. The company's core product is TIMS(TM) - a comprehensive integrated transport solution for bus and road transport operations. Bacchus clients include major operators in bus and coach transport across Australia and New Zealand.
In addition to the new Brisbane office location, Trapeze also has operations in Adelaide providing the Australian transport market with integrated solutions for fixed route and community transport scheduling, driver performance management, eco-driving and journey planning.
"With the addition of Bacchus, we look forward to offering a more comprehensive product portfolio to public transport operators in Australia and New Zealand," said Michael Dufton, General Manager with Trapeze Group's Asia Pacific operations. "This acquisition supports our strategy of providing comprehensive end-to-end technology solutions to help local transport operators and authorities maximize their technology investment while driving new efficiencies. We believe that this acquisition will also provide strong solutions to meet the needs of Indian & Asian transport operators."
About Trapeze Group
Trapeze delivers solutions that consider the full 360 degrees of passenger transport. Whether addressing the needs of a single department, an entire organization, or the community, Trapeze provides some of the most advanced software, intelligent transportation systems and mobile technologies in the industry. Hundreds of government and commercial organizations across North America, Europe and Asia Pacific have turned to Trapeze to realize efficiencies, enhance the quality and scope of their services, and safely transport more people with less cost. Please visit www.trapezegroup.com or call 905.629.5297.
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 905.629.5297.
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.
Constellation Software Inc.
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