Software Equity Group’s Client Computrition Acquired by Constellation Software Inc.
San Diego, CA, December 4, 2007 – Software Equity Group, LLC (SEG), a leading software industry investment bank and M&A advisory, announced today the sale of its client, Computrition Inc. ("Computrition") to Constellation Software Inc. ("Constellation") (TSX:CSU). The acquisition represents Constellation's entry into the healthcare market with a leading foodservices software and services provider. Further details of the transaction were disclosed in a Constellation news release of November 20, 2007 at the time Constellation entered into an acquisition agreement to acquire Computrition . Computrition will be managed as part of Constellation's Jonas Operating Group.
"Computrition is a leading provider of software solutions and professional services to the foodservices industry in North America, with customers in various market segments including healthcare, higher education, the military and public safety," said Barry Symons, CEO of Jonas. "We welcome the Computrition customers and employees into the Jonas family."
Computrition Founder, Chairman and CEO Ellyn Luros-Ellson commented, "This is the right move for our customers, our employees and the company. Joining forces with Jonas, as part of the Constellation family, provides us with access to additional resources that can only enhance our ability to build on our track record of success."
"For over 20 years, Computrition has been a leader and innovator in the foodservices market," said Scott Saklad, President of Computrition. "I, and the rest of the Computrition team, are very excited to be part of the Jonas group and look forward to continuing our reputation for delivering best of class products and services that exceed the expectations of our customers."