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Abstract
(Marketwire - June 15, 2012) - Constellation Software Inc. ("Constellation") (TSX:CSU) today announced that Trapeze Group, a subsidiary of its wholly-owned division Volaris Group, has purchased Bacchus Management Holdings Pty Ltd ("Bacchus") based in Brisbane, Australia. The acquisition further extends Trapeze's solution offering in the Australian market place and strengthens the company's position as it continues to expand into the broader Asian Market.
"With the addition of Bacchus, we look forward to offering a more comprehensive product portfolio to public transport operators in Australia and New Zealand," said Michael Dufton, General Manager with Trapeze Group's Asia Pacific operations. "This acquisition supports our strategy of providing comprehensive end-to-end technology solutions to help local transport operators and authorities maximize their technology investment while driving new efficiencies. We believe that this acquisition will also provide strong solutions to meet the needs of Indian & Asian transport operators."