Constellation Software Inc. Acquires the Shares of TietoEnator Majiq, Inc. (Majiq) from Tieto Oyj’s US Subsidiary Tieto USA.
Toronto, Canada, March 9, 2010 — –Constellation Software Inc. (“Constellation”) (TSX: CSU) announced today that it has completed, through its wholly-owned subsidiary Constellation Homebuilders Systems (“CHS”), the acquisition of the shares of TietoEnator Majiq, Inc. (Tieto) from Tieto Oyj (HEL: TIE1V).
“Tieto’s Majiq software division is the proven market leader for sales order processing and manufacturing execution systems software dedicated to the Pulp and Paper verticals in North America and several international markets. The acquisition of Majiq provides us with a new vertical market where we can apply our proven best practices. We welcome the employees, customers and products into the CHS family.” said Dexter Salna, President of CHS.
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. Constellation acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries.
About Tieto Oyj
Tieto is an IT service company providing IT, R&D and consulting services. With approximately 16,000 experts, Tieto is among the leading IT service companies in Northern Europe and the global leader in selected segments. Tieto specializes in areas where they have the deepest understanding of their customers’ businesses and needs. Tieto’s superior customer centricity and Nordic expertise set them apart from their competitors.(www.tieto.com)