Constellation Software Inc. Acquires the Shares of Ibcos Holdings LTD.
Toronto, Canada, August 2, 2012 — Constellation Software Inc. (“Constellation”) (TSX: CSU) announced today that it has completed, through its wholly-owned subsidiary Constellation Homebuilders Systems (“CHS”), the acquisition of the shares of Ibcos Holdings Ltd (“Ibcos”) from the principal shareholders (Ibcos Holdings Ltd is the parent company of Ibcos Computers Ltd).
“Ibcos is the market leading provider of dealer management software for the Agricultural, Construction, and Horticultural Machinery Dealer vertical markets in the United Kingdom and Ireland. Ibcos will join Constellation’s Dealership Software Group which is comprised of several leading software products designed specifically for dealerships. With the addition of Ibcos, over 2,000 dealerships will use one or more of our software products to make their dealership more successful. “ said Dexter Salna, President of CHS.
“The acquisition of Ibcos helps extend the Dealership Group’s footprint into a new geography. We welcome the employees, customers and products into the Constellation family.” said Daniel Zinman, Vice President of Constellation’s Dealership Software Group.
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. Constellation 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. For more information, visit: http://www.csisoftware.com/
With headquarters in Poole, Dorset, United Kingdom, Ibcos was established in 1979 and has built a reputation as an industry leading provider of Dealer Management Systems to the Agricultural, Construction, and Horticultural Machinery Dealer industries across the UK and Ireland. Ibcos provides a fully integrated suite, Ibcos Gold, which offers complete scalability from single user systems to multi-depot, multi-company systems with hundreds of users. Ibcos’ continued involvement in these vertical markets has resulted in strong relationships with many of the manufacturers and importers/distributors. For more information, visit https://www.ibcos.co.uk/