Press release from Marketwire
City of Cape Town, South Africa Selects Trapeze ITS, a Subsidiary of Constellation Software's Volaris Group, for Comprehensive Intelligent Transportation System
Tuesday, July 12, 2011
TORONTO, ONTARIO--(Marketwire - July 12, 2011) - Constellation Software Inc. (TSX:CSU) today announced that Trapeze ITS, a subsidiary of its wholly-owned subsidiary, Volaris Group Inc., has signed a significant contract with the City of Cape Town, South Africa to supply an Automatic Vehicle Location & Control System (AVLC) for its new Integrated Rapid Transport bus network (IRT).
Cape Town is the country's third largest city with a population of over 3.5 million. Cape Town is extending its existing public transport network as well as building a new IRT system which is expected to form the backbone of the public urban transportation service.
About Trapeze ITS
Trapeze ITS is a leading global provider of solutions for public urban passenger transportation. Trapeze ITS provides public transit companies with operating and information systems which facilitate on-schedule arrivals, reduce travelling times, coordinate connections, and offer dynamic passenger information. Trapeze ITS develops, produces, and integrates high-quality operations control systems, on-board computers, passenger information displays at stops and in vehicles, and customized services in close cooperation with its customers. Further information is available at www.trapezeits.com or call 905-629-5297.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. Volaris companies provide specialized, mission-critical solutions to vertical markets around the world including Agri-Food, Asset Management and Logistics, Justice and People Transportation. Volaris is an operating group of Constellation Software Inc. Learn more at www.volarisgroup.com.
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 Billowits Constellation Software Chief Financial Officer (416) 861-2279 firstname.lastname@example.org