Constellation Software acquires pulp & paper IT company TietoEnator Majiq in the US

REDMOND, WA , March 11, 2010 (Press Release) - TietoEnator Majiq Inc. based in Redmond, WA has been acquired by Constellation Software Inc. through its wholly-owned subsidiary Constellation Homebuilders Systems ("CHS"). The company will be renamed MAJIQ, Inc., returning to a familiar name still well-recognized in the pulp & paper IT marketplace. All of the intellectual property, including the Elixir^TM product, is encompassed by the transaction. The management and staff of MAJIQ will remain in place and the same solutions and services will be delivered to the customer base.

Steve Latham, President of MAJIQ, says: "Constellation provides stable long term ownership, with a solid track record of acquiring, managing, and growing companies for the long term. As a result, we will be able to continue to provide our customers with a long-term and consistent support relationship and a renewed focus on Elixir product development. As our customers' business needs evolve, MAJIQ's mission critical solutions will provide our customers with top-of-the-line options. MAJIQ's strategy will remain the same with a focus on solutions for the pulp and paper industry including Sales Order Processing (SOP) and Manufacturing Execution Systems (MES) using Elixir^TM, Cost Management Suite (CMS), Fibre Supply (TOPS/4), and related services.

"The Majiq software division is the proven market leader for SOP and MES 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 Software is a leading provider of software and services to a select group of specialized markets. Constellation acquires, manages and builds industry-specific software businesses which provide specialized, mission-critical software solutions. Constellation serves 14,000 customers in over 30 countries and has a proven track record of solid growth and stability. Constellation's common shares are listed in the Toronto Stock Exchange under the symbol "CSU". (http://www.csisoftware.com/).