Constellation Software Inc. Acquires London & Zurich Plc
TORONTO, ONTARIO--(Marketwire - Nov. 1, 2012) - Constellation Software Inc. ("Constellation") (TSX:CSU) announced today that its wholly-owned subsidiary, Gary Jonas Computing Ltd. ("Jonas") has completed the acquisition of London & Zurich Plc. ("L&Z"). The L&Z acquisition represents Jonas' entrance into the Direct Debit & Collection Management Services sector in the United Kingdom.
"L&Z has established itself as a leader in the field of integrated payment collection solutions throughout the United Kingdom," said Barry Symons, CEO of Jonas. "Adding the L&Z organization to our growing United Kingdom team will provide benefits to many of our customers in the Fitness, Leisure, Club and Education verticals as we integrate L&Z's collection management solutions with our existing enterprise applications. We are very excited to welcome the L&Z customers and employees to our organization."
Jonas is a leading provider of enterprise management software solutions to a number of vertical markets including a rapidly growing position in the UK market. Jonas has over 25,000 customers, in over 15 countries worldwide. Jonas' focus is on creating long term relationships with our customers and ensuring that we meet and exceed their software and service needs.
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.
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