Toronto, Canada – (Marketwire – December 3, 2012) – Constellation Software Inc. (TSX:CSU) today announced that its wholly-owned subsidiary Perseus Group has purchased 100% of the shares of Z57, Inc. (“Z57″). The acquisition further expands Constellation Software Inc.'s market presence in online marketing for residential real estate agents.
Headquartered in San Diego, California with customers across the United States, Z57 is a leading provider of web sites, lead management, and lead generation solutions for real estate agents. Its market leading solutions include professionally branded websites, Internet traffic programs, PropertyPulse – a cutting edge social media offering, and Z57Go – a mobile solution for agents.
“We continue to invest in new products and services in the residential real estate industry”, said Dexter Salna, President of Perseus Group. “Constellation Software Inc. provides excellent products, support, and services to help our customers succeed in real estate now and in the future. Our acquisition of Z57 is an ideal partnership to continue to grow our real estate presence. We welcome the customers and employees of Z57 to the Constellation family.”
“We are very optimistic about our new parent, Constellation Software Inc.,” said Ryan Whitlock, CEO of Z57, Inc. “Constellation Software Inc.'s experience in the real estate market will strengthen Z57's opportunity to grow its products for our current and future clients. It's a strong strategic move for us.”
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