Mr. Jamal Baksh reports

CONSTELLATION SOFTWARE'S MODAXO ENTERS INTO AGREEMENT TO ACQUIRE CURBSIDE MANAGEMENT AND PUBLIC SAFETY BUSINESSES FROM CONDUENT

Constellation Software Inc.'s people transportation division, operating as Modaxo, has signed an agreement to acquire the curbside management and public safety businesses from Conduent Inc. The completion of the acquisition remains subject to closing conditions.

Conduent's curbside management business provides parking management systems to the public sector, while its public safety business provides traffic management solutions, such as automated photo enforcement for speed and red-light violations processing, to its government clients.

About Constellation Software Inc.

Constellation Software acquires, manages and builds vertical-market software businesses.