Constellation Software Inc (TSX: CSU) has completed its purchase of Total Specific Solutions B.V., a Dutch provider of software solutions to healthcare organizations, governments and financial institutions. The deal’s value was previously reported as EUR240 million, or approximately C$350 million, funded by Constellation through an amendment of its existing credit facility. The Toronto-based company, which is focused on acquiring, managing and building vertical market software businesses, is a portfolio investment of OMERS Private Equity, the private equity arm of the Ontario Municipal Employees Retirement System.
Constellation Software Inc. Finalizes Acquisition of Total Specific Solutions (TSS) B.V.
TORONTO, ONTARIO–(Marketwired – Dec. 31, 2013) – Constellation Software Inc. (“Constellation”) (TSX:CSU) announced today that it has, through its wholly-owned subsidiary Constellation Software Netherlands B.V. (“CSN B.V.”), completed the purchase of 100% of the shares of Netherlands-based Total Specific Solutions (TSS) B.V. (“TSS”). Further details of the transaction were disclosed in a news release of December 16, 2013 at which time Constellation entered into a binding agreement with the shareholders of TSS.
About Total Specific Solutions
Total Specific Solutions (TSS) has 1,400 employees and a turnover of EUR174 million in 2012 (excluding employees and turnover of TASS). The TSS companies are specialized technology companies with a focus on a particular expertise or a specific market sector. TSS software makes a fundamental difference to healthcare organizations, governments and financial institutions by helping them realize their ambitions. The TSS companies are Everest, Blueriq, KZA, PharmaPartners, PinkRoccade Local Government, PinkRoccade Healthcare and Yonder.
About Constellation Software Inc.
Constellation Software acquires, manages and builds vertical market software businesses that provide mission-critical software solutions.
Total Specific Solutions
Chief Marketing Officer
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Constellation Software Inc.
Chief Financial Officer
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