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Press Release
Harris Announces Purchase of
Schoolhouse Software
OTTAWA, ONTARIO – March 10, 2008 –
Harris Computer Systems ("Harris"), a leading provider of financial,
customer and student information management software solutions for
utilities, local governments and schools, today announced that it has
completed the purchase of Schoolhouse Software, Inc. ("Schoolhouse") and its
wholly owned subsidiary KnowledgeCore Software, Inc. (“KnowledgeCore”).
As a result of the purchase, all Schoolhouse and KnowledgeCore customers and
staff will become part of Harris School Solutions, the Harris business unit
focused on delivering mission critical systems to K-12 school districts in
North America. The Schoolhouse and KnowledgeCore staff will continue to
operate from their existing facilities in Sacramento, California.
Harris School Solutions Executive Vice President Jerry Canada stated, "This
acquisition represents a continuation of our strategy to expand our product
offering of software solutions for school districts. Schoolhouse has an
excellent reputation with food service directors and is a leader in back
office administration tools. KnowledgeCore is the leading Adult Education
Student Information System (SIS) in California. The addition of both the
Schoolhouse and KnowledgeCore customer bases allows Harris to immediately
gain a presence in a geographic area where we intend to expand."
“The sale to Harris provides our customers and employees with the resources
to build on the successful foundation we have established over the past 20
years,” said Robert Levine, President and Owner of Schoolhouse. “Harris has
a tremendous opportunity to introduce the Schoolhouse and KnowledgeCore
product lines to their existing 900 school districts and leverage our
customer relationships in several additional geographies.”
Forward Looking Statements
Certain statements herein may be "forward looking" statements that involve
known and unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of Constellation or the industry
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. These
statements reflect current assumptions and expectations regarding future
events and operating performance and speak only as of the date hereof.
Forward looking statements involve significant risks and uncertainties,
should not be read as guarantees of future performance or results, and will
not necessarily be accurate indications of whether or not such results will
be achieved. A number of factors could cause actual results to vary
significantly from the results discussed in the forward looking statements.
These forward looking statements are made as of the date hereof and
Constellation assumes no obligation to update any forward looking statements
to reflect new events or circumstances.
About Harris:
Harris is a wholly owned subsidiary of Constellation and is a leading
provider of financial management and Customer Information Systems (CIS)
software solutions. Since 1976, Harris has focused on providing feature-rich
and robust turnkey solutions to all levels of local government, public power
and water entities as well as school districts throughout North America.
Harris' focus is on creating long-term relationships with our customers and
ensuring that we meet the changing needs of our customers over time. For
further information on Harris Computer Systems, please visit our website at
http://www.harriscomputer.com,
or call 888-847-7747.
About Constellation:
Constellation acquires, manages and builds vertical market software
businesses that provide mission critical software solutions. Constellation's
common shares are listed on the Toronto Stock Exchange under the symbol "CSU".
Further information about Constellation may be obtained from the Company's
web site at www.csisoftware.com.
For further information:
Constellation Software Inc., John Billowits, Chief Financial Officer, (416)
861-2279, info@csisoftware.com.
CONTACT:
Jerry Canada, Vice President
Harris Computer Systems
(716) 297-8005 x221
jcanada@harriscomputer.com
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