Constellation Acquires the Assets of the Canadian Healthcare Business of Ormed

Marketwired

TORONTO, ONTARIO--(Marketwire - Nov 30, 2012) - Constellation Software Inc. ("Constellation")(CSU.TO), announced today that it has completed, through its wholly-owned subsidiary N. Harris Computer Corporation ("Harris"), the acquisition of the software technology and clients of the Canadian healthcare business of Ormed Information Systems Ltd. ("Ormed").

Daniel Desaulniers, Group President of Harris Quebec and Healthcare, commented, "This acquisition allows us to significantly expand our healthcare business in Canada. The addition of the ORMED MIS suite improves our already successful array of products and services dedicated to this market. We are very pleased to welcome the new employees to our team who will be able to provide continuity to customers and who will contribute to the growth of our company."

Chris Sherback, President and Chief Executive Officer of Ormed, commented, "Given the considerable consolidation that has taken place in the Canadian healthcare market, it is time that the software vendor community engaged in similar consolidation in order to better match the size of the organizations we serve. The sale of our Canadian business to Harris will create a strong business solution partner for the hospitals of Canada and allow Ormed to focus on our growth opportunities in the United States and abroad."

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. Further information about Constellation may be obtained from its website at www.csisoftware.com.

About N. Harris Computer Corporation

Harris is a leading provider of financial management and Customer Information Systems (CIS) software solutions. Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to Public Sector, Schools, Utility, and Healthcare agencies throughout North America. Harris'' focus is on creating long-term relationships with its customers and ensuring that it meets the changing needs of its customers over time. Further information about Harris may be obtained from its website at www.harriscomputer.com.

About Ormed Information Systems

Incorporated in 1989, Ormed is a leader in the advancement of fully integrated and e-commerce enabled management information systems for the healthcare industry. From its early inception as a healthcare consulting firm in 1985, Ormed sought to embed its healthcare best practices into software in order to give its clients ready and affordable access to the tools necessary to run an efficient healthcare organization. Today, those same values drive Ormed''s software and service enhancements to continuously improve on the business processes designed specifically for hospitals in the areas of supply chain management, finance, human capital management, decision support and systems management. To learn more about Ormed visit us online at www.ormed.com.

Contact:
Constellation Software Inc.
John Billowits
Chief Financial Officer
(416) 861-2279
info@csisoftware.com
www.csisoftware.com
Harris Quebec & Healthcare Group
Daniel Desaulniers
Group President
(418) 724 5037 ext 1252
ddesaulniers@harriscomputer.com
www.harriscomputer.com
Ormed Information Systems
Chris Sherback
President and Chief Executive Officer
(512) 961-8503
chris_sherback@ormed.com
www.ormed.com

Rates

View Comments (0)