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From the Wires
Constellation Software Sells Technology Assets of Computer Software Innovations
By: Marketwire .
Feb. 14, 2013 05:24 PM
TORONTO, ONTARIO and EASLEY, SOUTH CAROLINA -- (Marketwire) -- 02/14/13 -- Constellation Software Inc. ("Constellation") (TSX:CSU) and its wholly-owned subsidiary N. Harris Computer Corporation ("Harris") announced today that they have entered into a definitive agreement under which the Technology and Cloud solution assets of the previously acquired Computer Software Innovations, Inc. ("CSWI") have been sold to Encore Technology Group ("Encore").
Harris remains committed to the development and sale of the internally developed software acquired in the CSWI acquisition. Harris will continue to support all software customers on their existing solutions from the Easley, SC office. In the transaction, Encore acquires the Technology and Cloud business that focuses on the sale and distribution of computers, network and communications hardware, and interactive collaborative classroom technologies.
About Constellation Software Inc.
Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation Software acquires, manages and builds vertical market software businesses that provide mission-critical software solutions.
About N. Harris Computer Corporation
Harris 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 Public Sector, Schools, Utility, and Healthcare agencies throughout North America. Harris' focus is on creating long-term relationships with its customers and ensuring that it meets the changing needs of its customers over time. Further information about Harris may be obtained from its website at www.harriscomputer.com.
About Computer Software Innovations, Inc.
CSWI is a provider of Financial Software Solutions to the public sector market. The CSWI software solutions have established CSWI as a major software provider to school districts and local governments in the southeastern United States. CSWI offers a fully integrated suite of software products from financials and human resources to revenues and citizen services.
About Encore Technology Partners
Encore provides Technology Solutions and Cloud Services, focused primarily on the public sector market, particularly K-12 education. Its Technology Solution division delivers classroom and enterprise solutions including borderless networks, datacenter and virtualization, physical security and infrastructure, video collaboration and instructional technologies. Its Cloud Services division provides Hosted Voice and Identity Management solutions. Further information about Encore may be obtained from its website at www.encoretg.com.
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