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Perseus Operating Group (\u201cPerseus\u201d) of Constellation Software Inc. (\u201cConstellation\u201d) announced today that it has completed the purchase of Auto-IT Pty Ltd (\u201cAuto-IT\u201d), a market leading dealer management system provider for franchise automotive, agriculture, trucking and construction equipment markets.<\/strong><\/p>\n The acquisition further expands the Perseus footprint in dealership software markets, having already established a strong presence in North America and the United Kingdom. Auto-IT marks Perseus\u2019 tenth acquisition in the dealership software market, under the\u00a0Constellation Dealer Group<\/a>.<\/p>\n \u201cWe are delighted to have the Auto-IT employees and customers join the Perseus family and the Constellation Dealer Group,\u201d said Sean Raynor, the President of Constellation Dealer Group. \u201cAuto-IT\u2019s addition to our portfolio will expand our global insight in the industries we already serve and help us innovate in ways we haven\u2019t thought of. We look forward to meeting with Auto-IT customers to discover how we can serve their needs more effectively.\u201d<\/em><\/p>\n<\/blockquote>\n Auto-IT will retain its headquarters in Melbourne, Australia and its offices in Sydney, Wellington, India and Southeast Asia as well as its partners in South Africa and Mexico. Wayne Rushworth, CEO and Aaran Newman, Director of Sales and Marketing will continue to lead in their current roles.<\/p>\n \u201cAs shareholders and operators we searched for a strategic partner with a similar value set and culture, that will allow Auto-IT to continue to focus on its customers and realise its full potential in the markets it serves,\u201d said Wayne Rushworth, \u201cPerseus\u2019 buy and hold strategy and the deep industry experience of the DMS market will allow us to continue to put our customers\u2019 needs first and provide an exceptional opportunity for our staff to flourish in a much larger organisation.\u201d<\/em><\/p>\n<\/blockquote>\n As one of the largest DMS companies in Australasia, Auto-IT has delivered powerful systems to the market for over 40 years and works closely with all major OEMs and allied industry partners.<\/p>\n Perseus is an operating group of Constellation Software Inc. Perseus acquires and invests in software businesses that are committed to providing long-term solutions and life-long partnerships to customers. For more information about Perseus, visit: https:\/\/www.csiperseus.com<\/a>.<\/p>\n Constellation Software\u2019s common shares are listed on the Toronto Stock Exchange under the symbol \u201cCSU\u201d. Constellation Software acquires, manages and builds vertical market software businesses. Further information about Constellation may be obtained from its website at www.csisoftware.com<\/a>.<\/p>\n \u00a0<\/p>\n For more information:<\/p>\n Sophie Strobel\n
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About Auto-IT<\/h4>\n
About Perseus<\/h4>\n
About Constellation Software Inc.<\/h4>\n
Perseus Group
Director, M&A Marketing<\/p>\n