Constellation Completes Acquisition of Digital Arts and Sciences Corporation
TORONTO, ONTARIO, Nov 30, 2012 (Marketwire via COMTEX) --
Constellation Software Inc. ("Constellation") (TSX:CSU) announced today that its wholly owned subsidiary, Volaris Group ("Volaris") has completed the acquisition of Digital Arts and Sciences Corporation ("DASC"), the parent company of Gallery Systems, Inc. ("Gallery Systems"). The acquisition is Volaris' first investment in the Cultural Collections Management vertical. The execution of the acquisition agreement was previously announced on November 16, 2012.
Gallery Systems is a vertical market software provider delivering cultural collections asset management and Web publishing software solutions to museums, corporate collections, private collections and education institutions. The company's TMS and EmbARK collections management systems streamline all aspects of collections and exhibitions management and provide improved information control and accountability. In addition, Gallery's eMuseum Web publishing toolkit provides an interactive, virtual tour of collections online.
Founded in 1981, Gallery Systems now counts more than 700 clients among its customer base worldwide, including The Metropolitan Museum of Art, The Museum of Modern Art, Tate, Kunsthistorisches Museum, National Gallery of Art and the Smithsonian Institution.
"We are excited to be investing in a new vertical market in Cultural Collections Management," said Mark Miller, CEO, Volaris Group. "Gallery Systems provides enterprise solutions to a market with unique needs, making it a great fit with the Volaris portfolio of companies."
About Constellation Software Inc.
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.
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, People Transportation, Marine and Rental Management. Volaris is an operating group of Constellation Software Inc. Learn more at www.volarisgroup.com.
FOR FURTHER INFORMATION PLEASE CONTACT: Constellation Software Inc. John Billowits Chief Financial Officer (416) 861-2279 firstname.lastname@example.org www.csisoftware.com
SOURCE: Constellation Software Inc.
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