Press release from Marketwire
Constellation Announces Acquisition of the Business of ASA Automotive Systems
Tuesday, December 10, 2013
Constellation Announces Acquisition of the Business of ASA Automotive Systems20:29 EST Tuesday, December 10, 2013
TORONTO, ONTARIO--(Marketwired - Dec. 10, 2013) - Constellation Software (TSX:CSU) ("Constellation") is pleased to announce that its Vela Operating Group ("Vela"), through its Friedman division, has completed the acquisition of the business of ASA Automotive Systems, LLC ("ASA").
ASA Automotive Systems is a leading supplier of on-premise and cloud-based software products for tire dealers, auto repair shops, and re-treaders. ASA provides Point-of-Sale (POS), e-commerce, order processing, accounting and business management solutions for both retail and wholesale tire and automotive organizations. ASA products currently manage the sale of over 50 million tires per annum in the United States.
As a result of the acquisition, the ASA business will operate as an independent division of Friedman, and will continue to develop, enhance, and market their software solutions, and will continue to provide high levels of customer support.
Mark Thompson, Chief Executive Officer of Friedman, commented, "The acquisition of the ASA Automotive business complements Friedman's markets and product portfolio. The ASA product offering will enable us to further grow our already-strong presence in retail and wholesale supply chain operations."
Ken Halle, President of ASA Automotive Systems, commented, "We are pleased to be joining the Constellation family. This transaction will give us access to a broad network of software professionals along with providing the support and security of a strong global parent company to enable us to continue growing and building the ASA software brand."
About Constellation Software
Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation acquires, manages and builds vertical market software businesses. Further information about Constellation may be obtained from the company's web site at www.csisoftware.com.
About Friedman Corporation
Friedman Corporation is headquartered in Deerfield, IL and is a division of the Vela Operating Group of Constellation Software. 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Constellation Software Inc.
Chief Financial Officer