An affiliate of Constellation Software Inc has purchased Megabus Pty Ltd, a Melbourne, Australia-based enterprise software solutions provider to retail and wholesale distribution industries. The financial details of the transaction were not released. Constellation, a Toronto-based provider of software solutions, said Megabus will operate as an independent division of the company’s Friedman’s Markinson Technologies group. Publicly listed in 2006, Constellation remains a portfolio investment of OMERS Private Equity.
Constellation Announces Acquisition of Megabus
TORONTO, ONTARIO–(Marketwired – June 2, 2015) – Constellation Software Inc. (“Constellation”) (CSU.TO) today announced that its wholly owned division Vela Software (“Vela”), acting through its Friedman subsidiary, has acquired the business of Megabus Pty Ltd. (“Megabus”).
Megabus (megabus.com.au) is based in Melbourne, Australia, and specializes in enterprise software solutions for the retail and wholesale distribution business, with a particular focus on the Tire & Automotive industry sector. The Marlin suite of software products includes supply chain management, inventory control, wholesale distribution, retail distribution, point-of-sale, e-commerce, financial control, and business intelligence applications.
As a result of the acquisition, the Megabus business will operate as an independent division of Friedman’s Markinson Technologies group, and will continue to develop, enhance, service, and support their software solutions in order to provide a competitive edge to its customers.
Mark Thompson, Chief Executive Officer of Friedman, commented, “The acquisition of Megabus builds on our presence in the Australia and Asia-Pacific region, complements our existing operations in the tire and automotive services sector, and increases our footprint in the retail and wholesale distribution sectors.”
About Friedman Corporation
Friedman Corporation is headquartered in Deerfield, IL, and is a division of Vela Software International, Inc. Friedman Corporation specializes in complete ERP solutions for manufacturers and distributors of “make to order” and “engineer to order” products in the building products, capital equipment, and automotive sectors. The Friedman Operating group also has a complementary portfolio of software offerings for transportation management, material optimization, supply-chain management, multi-channel merchant and direct-to-consumer distribution.
About Vela Software International, Inc.
Vela Software is a global provider of software solutions to a number of vertical industries. As an Operating Group of Constellation Software Inc., Vela acquires, manages, and builds specific software businesses which provide specialized, mission-critical software solutions. Vela companies invest in becoming leaders in their industries to better serve their customers. We help companies improve their operations, grow through organic initiatives, and seek acquisitions that can strengthen their market position.
About Constellation Software Inc.
Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU”. Constellation acquires, manages and builds vertical market software businesses.
Constellation Software Inc.
Chief Financial Officer
Photo courtesy of Megabus Pty Ltd