Total Specific Solutions BV (TSS), an affiliate of Constellation Software Inc (TSX: CSU), has acquired all of the shares of Vicrea Solutions BV, a Dutch software provider of GEO IT solutions for the local government sector. No financial terms were disclosed. TSS said the deal strengthens its position in the public sector vertical. Vicrea has been backed by Dutch private equity firm Synergia Capital Partners since 2011. Constellation, a Toronto-based acquirer, manager and builder of vertical market software companies, is a portfolio investment of OMERS Private Equity.
Constellation Software’s Total Specific Solutions Completes Acquisition of Vicrea
TORONTO, ONTARIO–(Marketwired – June 1, 2016) – Constellation Software Inc. (“Constellation”) (TSX:CSU) today announced that its subsidiary, Total Specific Solutions (TSS) B.V. (“TSS”), acquired all shares in the capital of Vicrea Holding B.V. (“Vicrea”), a leading software provider of GEO IT solutions for the local government domain in the Netherlands.
“Vicrea, market leader in GEO IT for integrated information solutions, is a valuable addition to the TSS-group” said Han Knooren, GM of TSS. “Adding Vicrea to our public sector vertical further strengthens our market position in this domain.”
About Constellation Software Inc.
Constellation Software acquires, manages and builds vertical market software businesses that provide mission-critical software solutions.
About Total Specific Solutions (TSS) B.V.
TSS is the leading company for business solutions and consists of independent business units that deliver products and services to their specific market segment. This market expertise is based on decades of experience. In particular, TSS is active in the verticals: healthcare, local and central government, retail, financial and legal services. TSS is part of Constellation Software Inc. (CSI) listed on the Canadian Stock Exchange.
Constellation Software Inc.
Chief Financial Officer
Photo courtesy of Vicrea Holding BV