Constellation Software Inc.
Leading provider of software and services to select public and private sector markets. Acquires, manages and builds industry-specific software businesses.
Investment Requirements
Company Overview
About Constellation Software Inc.
What They Buy
Target Companies:
- Vertical market software businesses
- Industry-specific mission-critical software
- Under $5M to $700M+ revenue range
- Strong recurring revenue models
Deal Structure:
- All cash deals
- Buy and hold forever (never sells)
- Decentralized operations - companies keep autonomy
- Management teams typically stay
Contact: Toronto, Canada | Founded 1995 | TSX: CSU
Track Record
500+ acquisitions completed since 1995 through six operating segments:
- Volaris: Various verticals
- Harris: Public sector and healthcare
- Jonas: Hospitality, fitness, club management
- Vela: Multiple verticals globally
- Perseus: Various industry verticals
- Topicus: European operations
Recent Notable Deals:
- Computrition: Nutrition software (2023)
- System Innovators: Business systems (2023)
- Optimal Blue: Mortgage technology (2023)
Global Scale:
- 500+ companies in portfolio
- Global presence: US 52%, Europe 30%, Canada 12%, Rest of World 5%
- Up to $700M+ ARR maximum deal size
- Proven permanent ownership model since 1995
Founder Testimonials
"This is the right move for our customers, our employees and the company. The ultimate outcome was a win-win in which we achieved all of our exit objectives."
"I have thoroughly enjoyed the 27 years that I have spent building this business and am grateful for the many friendships with employees and clients that have developed along the way. System Innovators is poised for growth and I am ready for an active retirement so this is the right thing to do to allow the business to flourish. Our clients and employees will both benefit from this acquisition."
"It's an exciting day for the future of OB and the clients we serve. As a market leader in our space, we have a long history of delivering great solutions, and our clients have come to expect innovation that helps them drive loan profitability and process efficiency. Constellation's ownership model positions us to further deliver on our commitment to rapid innovation for the benefit of our clients."
Similar Acquirers
MRI Software
Leading global provider of real estate software solutions for commercial and residential property management, investment management, and PropTech. The largest real estate software company in the world with 6+ million users.
Volaris Group
Buy-and-hold acquirer of software businesses focused on long-term success, operating as part of Constellation Software Inc. Provides permanent home for companies with autonomy to operate and access to learning community. Has never sold a business after acquisition.
Next Coast Ventures
Austin-based venture capital firm providing early-stage capital to high-growth startups in 'Next Coast' markets between traditional coasts, with thematic research-driven investment approach.
Last updated: October 6, 2025
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