Constellation Software affiliate buys hospitality software company

Gary Jonas Computing Ltd, an affiliate of Constellation Software Inc (TSX: CSU), has acquired the assets of Multi-Systems Inc (MSI), a Phoenix, Arizona-based software provider to the hospitality industry. No financial terms were disclosed. Gary Jonas said the MSI deal adds to its growing hospitality business unit. Toronto-based Constellation, an acquirer, manager and builder of vertical market software companies, is a portfolio investment of OMERS Private Equity.

PRESS RELEASE

Constellation Software’s Jonas Division Completes Acquisition Of Multi-Systems

TORONTO, ONTARIO–(Marketwired – April 18, 2016) – Constellation Software Inc. (“Constellation”) (TSX:CSU) today announced that its wholly-owned subsidiary, Gary Jonas Computing Ltd. and certain of its affiliates (“Jonas”) acquired the assets of Multi-Systems, Inc. (“MSI”), a leading software provider to the hospitality industry.

“MSI, with its strong presence in the hotel market, is a valuable addition to the Jonas group of companies,” said Barry Symons, CEO of Jonas. “Adding MSI to our growing hospitality business unit further strengthens our place in this significant market. We are very excited to welcome MSI’s dedicated customers and employees to our organization.”

About MSI:

MSI is a leading hotel and guest management software company and has been delivering software solutions to the hospitality industry since 1990. Having installed over 5,800 hotels and resorts throughout North America, MSI is one of the largest providers of fully integrated guest management systems, including a leading cloud-based offering. MSI’s team focuses on “total system solutions” for management companies and hotel chains by providing central reservation, marketing, revenue, and guest system integration.

About Jonas:

Jonas is a leading provider of enterprise management software solutions to a number of industries. Jonas now has over 60,000 customers, in over 40 countries worldwide. Jonas’ focus is on creating long term relationships with our customers and ensuring that we meet and exceed their software and service needs.

About Constellation Software Inc.

Constellation Software acquires, manages and builds vertical market software businesses that provide mission-critical software solutions.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Constellation Software Inc.
Jamal Baksh
Chief Financial Officer
416-861-9677
info@csisoftware.com
www.csisoftware.com

Photo courtesy of Multi-Systems Inc