Press release from Marketwire
Constellation Software Inc. Acquires Youbill Inc.
Thursday, June 30, 2011
Constellation Software Inc. Acquires Youbill Inc.16:06 EDT Thursday, June 30, 2011TORONTO, ONTARIO--(Marketwire - June 30, 2011) - Constellation Software Inc. ("Constellation") (TSX:CSU) announced today that its wholly-owned subsidiary, Gary Jonas Computing Ltd. ("Jonas") has completed the acquisition of Youbill Inc. (dba Member Solutions). The Member Solutions acquisition expands Jonas' presence in the Fitness market and more specifically the Marital Arts segment."Member Solutions is a leading provider of software and full service billing and collections services in their target market, within the United States and Canada," said Barry Symons, CEO of Jonas. "We are excited to welcome the Member Solutions' customers and employees into the Jonas family." Member Solutions' CEO, Steve Pinado stated "The entire Member Solutions' team is excited to be joining the Jonas family. Teaming up with a company that understands vertical market software, and which has a long track record of success, presents a unique opportunity for our customers, our employees and our business partners." About Jonas: Jonas is a leading provider of enterprise management software solutions to a number of vertical markets including the following hospitality focused industries: Club, Fitness, Sports and Leisure, Attractions and Foodservices. Jonas has over 10,000 customers, in over 15 countries worldwide. Jonas' focus is on creating long term relationships with our customers and ensuring we meet and exceed their software and service needs. About Constellation:Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. The Company acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries. FOR FURTHER INFORMATION PLEASE CONTACT: John BillowitsConstellation Software Inc.Chief Financial Officer(416) firstname.lastname@example.org