Toronto, Canada, (Marketwire – August 2, 2012) – Constellation Software Inc. (TSX: CSU) announced today that it has completed, through its wholly-owned subsidiary Perseus Group, the acquisition of the shares of Ibcos Holdings Ltd. from the principal shareholders (Ibcos Holdings Ltd. is the parent company of Ibcos Computers Ltd.).
Ibcos is the market leading provider of dealer management software for the Agricultural, Construction, and Horticultural Machinery Dealer vertical markets in the United Kingdom and Ireland. Ibcos will join Constellation’s Dealership Software Group which is comprised of several leading software products designed specifically for dealerships.
“With the addition of Ibcos, over 2,000 dealerships will use oneor more of our software products to make their dealershipmore successful,” said Dexter Salna, President of Perseus Group.
“The acquisition of Ibcos helps extend the Dealership Software group’s footprint into a new geography. We welcome the employees, customers, and products into the Constellation family,” said Daniel Zinman, Vice President of Perseus Group's Dealership Software Group.
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