15:34:04 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Constellation Software Inc
Symbol CSU
Shares Issued 21,191,530
Close 2020-02-14 C$ 1,473.13
Market Cap C$ 31,217,878,589
Recent Sedar Documents

Constellation subsidiary to provide Mosaic to Vermilion

2020-02-18 13:35 ET - News Release

An anonymous director reports

VERMILION ENERGY INC. SELECTS OMNIRA MOSAIC SOFTWARE TO DRIVE GROWTH

Vermilion Energy Inc. has selected Constellation Software Inc.'s subsidiary, Omnira Software Inc., to provide Mosaic software for its corporate portfolio and asset management requirements. The decision was made after an extensive evaluation process to identify a company that could partner with Vermilion to provide the required functionality, in addition to implementation and support teams with extensive industry experience. Mike Kaluza, Vermilion's executive vice-president and chief operating officer, pointed out that, "Our decision to implement Mosaic supports our ongoing use of software technology to drive efficiencies in the management of our assets worldwide, while providing insight into both our day-to-day operations and our long-range planning."

Mosaic is the system that has the largest market share in Canada, and is being adopted more and more in the United States and internationally to replace prior-generation reserves and economic forecasting systems. Mosaic's single-system approach consolidates data, simplifies work flows and reduces costs. "Our clients tell us that one unified system for economic forecasting, field development planning, budget execution and reserves management is the most effective way to go. We feel it is better than other offerings where vendors have acquired multiple overlapping legacy software products that increases required integration, complexity and costs," said John Pollock, COO at Omnira. "We are excited to be partnering with Vermilion as their business requirements and forward plans are similar to other innovative energy companies who have already switched to Mosaic and are now delivering superior results."

"A key factor in our selection was the confidence Omnira provided as far as data conversion, customization and support," said Steve Reece, director of information technology and information systems for Vermilion. "This Mosaic implementation supports Vermilion's unified workflows and reporting from various operations, and provides an opportunity to work with a trusted and proven vendor in the market. When my team asked for references, Omnira was exceptionally open by offering conversations with any of their clients, and those that we did talk to were very satisfied with Mosaic's capability as well as Omnira's ongoing level of dedication to support," said Mr. Reece.

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