Constellation Software : Annual Information Form - March 31 2025

Published: 2025-04-09 08:12:12 ET CSU.TO

CONSTELLATION SOFTWARE INC.

Annual Information Form

March 31, 2025

CONSTELLATION SOFTWARE INC.

ANNUAL INFORMATION FORM

TABLE OF CONTENTS

FORWARD-LOOKING STATEMENTS

CORPORATE STRUCTURE

NAME AND INCORPORATION

INTERCORPORATE RELATIONSHIPS

GENERAL DEVELOPMENT OF THE BUSINESS

OVERVIEW

ACQUISITIONS

RIGHTS OFFERINGS

NOTES OFFERING

DESCRIPTION OF THE BUSINESS

OVERVIEW

BUSINESS STRATEGY

OPERATING GROUPS

PRODUCTS

SALES AND DISTRIBUTION STRATEGY

RESEARCH AND DEVELOPMENT

INTELLECTUAL PROPERTY

FOREIGN OPERATIONS

COMPETITION

EMPLOYEES

RISK FACTORS

DIVIDENDS

DESCRIPTION OF CAPITAL STRUCTURE

MARKET FOR SECURITIES

ESCROWED SECURITIES AND SECURITIES SUBJECT TO CONTRACTUAL RESTRICTION

ON TRANSFER

DIRECTORS AND EXECUTIVE OFFICERS OF THE COMPANY

BIOGRAPHIES

COMMITTEES OF THE BOARD

INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS

LEGAL PROCEEDINGS

TRANSFER AGENT AND REGISTRAR

INTERESTS OF EXPERTS

CONFLICTS OF INTEREST

ADDITIONAL INFORMATION

CONSTELLATION SOFTWARE INC.

ANNUAL INFORMATION FORM

All references in this Annual Information Form to ''CSI'', the ''Company'', ''we'', ''us'', ''our'' and ''our company'' refer to Constellation Software Inc. and its subsidiaries, unless the context requires otherwise. Unless otherwise indicated, all references to dollar amounts herein are to United States dollars.

All information contained herein is as at December 31, 2024 unless otherwise noted.

FORWARD-LOOKING STATEMENTS

Certain statements in this Annual Information Form may constitute "forward-looking" statements which involve risks (including those which may arise in the future), uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this Annual Information Form, such statements use such words as "may", "will", "expect", "believe", "plan", "intend" and other similar terminology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this Annual Information Form. 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 differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under "Risk Factors". Although the forward-looking statements contained in this Annual Information Form are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward looking statements. These forward-looking statements are made as of the date of this Annual Information Form and, except as may be required by law, the Company assumes no obligation to update or revise them to reflect new events or circumstances.

CORPORATE STRUCTURE

Name and Incorporation

The Company was incorporated under the Business Corporations Act (Ontario) on August 23, 1995. On March 7, 2000, the Company amalgamated with e2 Inc. and on June 29, 2000, the Company filed articles of arrangement, authorizing the transfer of all of the shares of Friedman Acquisition Corp., Creative Computer Solutions Inc. and Memory Lane Systems Inc., each a then wholly-owned subsidiary of the Company, to Constellation Software USA Inc. In connection with the arrangement, the Company issued 85,672 common shares in exchange for 259,595 common shares of N. Harris Computer Corporation and 667,013 common shares in exchange for 250,691 common shares of Trapeze Software Inc. The Company amalgamated with Constellation Justice Systems Inc. on March 1, 2002.

Concurrently with the closing of its Initial Public Offering on May 18, 2006, the Company's share capital was reorganized to remove the previously existing series 1 and series 2 common shares, and to redesignate the previously existing series 3 common shares as Common Shares (the "Common Shares").

On October 2, 2013, the Company's shareholders (i) adopted a special resolution authorizing and approving an amendment to the articles of the Company in order to remove the Class A Non-Voting Shares, and (ii) adopted a special resolution authorizing and approving an amendment to the articles of the Company in order to create a new class of preferred shares designated as Class A Preferred Shares ("Preferred Shares"), to be issuable at any time and from time to time at the discretion of the Board of Directors of the Company (the "Board" or the "Board of Directors") in one or more series. Articles of amendment reflecting these changes to the Company's authorized capital were filed on March 28, 2014.

The Company's head and registered office is located at 66 Wellington Street West, Suite 5300 TD Bank Tower, Toronto, Ontario, Canada, M5K 1E6, telephone: (416) 861-2279, Web-site: www.csisoftware.com. The contents of the Company's web-site are not incorporated by reference into this Annual Information Form.

Intercorporate Relationships

The following list outlines, as at March 31, 2025, each of our material subsidiaries. Unless otherwise indicated, each material subsidiary is owned 100%, either directly or indirectly, by CSI.

Governing

Entity Name

Jurisdiction

Entity Name

Jurisdiction

Head Office:

Constellation Netherlands Financing B.V.

Netherlands

Crescent Insurance Limited

Bermuda

Constellation Software Australia Pty Ltd

Australia

Constellation Software UK Holdco Ltd.

England and Wales

Constellation Canadian Holdings Inc.

Ontario

CSI USA Inc.

Delaware

Constellation Software Cyprus Financing Ltd.

Cyprus

CSI Ireland Financing Designated Activity Company

Ireland

Volaris Operating Group - Lumine Group Inc. and its

subsidaries**

Advantage 360 Software, LLC

USA (California)

PT. Neural Technologies Integrated Solutions

Indonesia

Aleyant Spain SL

Spain

Sicap France SAS

France

Aleyant Systems, LLC

USA (Illinois)

Sicap India Private Ltd(2)

India

A Metering AB

Sweden

SICAP Schweiz AG

Switzerland

COLLAB - SOLUÇÕES INFORMÁTICAS DE

COMUNICAÇyO E COLABORAÇyO, S.A.

Portugal

Starhome Mach GmbH

Switzerland

Flash Networks Ltd.

Israel

Starhome Mach S.à r.l.

Luxembourg

Flash Networks Inc

USA (Delaware)

Starhome S.à r.l.

Luxembourg

Flash Networks BV

Netherlands

Starhome Ltd.

Israel

Flash Networks Singapore Private Limited

Singapore

StarHome B.V.

Netherland

Incognito Interactive Limited

Ireland

Symbrio AB

Sweden

Canada (British

Incognito Software Systems Inc.

Columbia)

Tarantula Asia Pacific Pte Ltd

Singapore

Incognito USA Inc.

USA (Delaware)

Tarantula Global Holdings Pte Ltd

Singapore

Kansys Inc.

USA (Kansas)

Tarantula.net India Private Limited

India

Kansys International Limited

England and Wales

Tarantula.net Limited

England and Wales

Lifecycle Software Limited

England and Wales

Telarix Inc.

USA (Delaware)

Lumine Group Inc.

Ontario

Telarix Intermediate Holdings, Inc.

USA (Delaware)

Lumine Group UK Holdco Ltd.

England and Wales

Telarix Italy S.r.l

Italy

Lumine Group US Holdco Inc.

USA (Delaware)

Telarix (M) SDN. BHD.

Malaysia

Lumine HoldCo EU A/S

Denmark

Telarix Singapore Pte. Ltd.

Singapore

Lumine Holdings Group (Israel) Ltd

Israel

Telepin Software Systems Inc.

Canada (Ontario)

MDS CEM Holdings Limited

England and Wales

Tomia Ltd

England and Wales

MDS Global Ltd

England and Wales

TransMedia Holdings Limited

England and Wales

MACH Clearing Solutions India Private Limited

India

TransMedia Dynamics Limited

England and Wales

Mobixell Networks (Israel) Ltd.

Israel

TransMedia Dynamics (Asia) Sdn Bhd

Malaysia

Mobixell Networks (Europe) Ltd

England and Wales

TransMedia Dynamics Inc.

USA (Delaware)

Morse Holding, Inc.

USA (Delaware)

Ubersmith Inc.

USA (Delaware)

Morse Intermediate Holdings, Inc.

USA (Delaware)

Unipier Mobile Ltd.

Israel

Netadmin Systems i Sverige AB

Sweden

Vas-X Australia Proprietary Limited

Australia

Netengage Ltd.

England and Wales

Vas-X Proprietary Limited

South Africa

Neural Technologies Limited

England and Wales

WDS Mobile Limited

England and Wales

Neural Technologies Incorporated

USA (Kansas)

Velocix Solutions India LLP

India

Neural Technologies GmbH

Germany

Velocix Solutions Limited

England and Wales

Neural Technologies (S) Pte Ltd

Singapore

Velocix Solutions Portugal Unipessoal Lda

Portugal

Neural Technologies (Hong Kong) Ltd(1)

Hong Kong

Velocix Solutions USA Inc.

USA (Delaware)

NT8 Integrated Solutions (Malaysia) Sdn Bhd

Malaysia

Wiztivi SAS

France

WideOrbit LLC

USA (Delaware)

Oy Wiztivi Gaming Ltd.

Finland

Spatial Software Solutions Ireland Limited

Ireland

WideOrbit Inc.

USA (Delaware)

Razorsight Software Solutions US Inc.

USA (Delaware)

Titanium Platform, LLC

USA (Delaware)

Critical Path Messaging Co.

British Columbia

Openwave Messaging (Ireland) Limited

Ireland

Lumine Software Solutions India Private Limited

India

Openwave Messaging (US) Inc.

USA (Delaware)

Lumine Group Software Solutions (Ireland) Limited

Ireland

Lumine Group France SAS

Frane

Lumine Software Solutions India (Digital & Private

Motive Software Solutions (US) Inc.

Delaware

Mesagin) Private Limited

India

NetNumber Canada Inc.

Ontario

Motive Software Solutions Inc.

Ontario

NetNumber SIRRAN USA Inc.

Delaware

Motive Software Solutions (UK) Inc.

England and Wales

NetNumber York Limited

England and Wales

NetNumber Holding B.V.

Netherlands

NetNumber Czech Republic s.r.o

Czech Republic

NetNumber Netherlands B.V.

Netherlands

Titanium Software Holdings Inc.

Delaware

NetNumber Germany GmbH

Germany

Nihon Synchronoss K.K.

Japan

NetNumber Poland Sp.z.o.o

Poland

Openwave Messaging (Spain) SL

Spain

Spatialinfo Inc.

Delaware

Synchronoss Technologies S.P.A.

Italy

Openwave Messaging Gmbh

Germany

Lumine Group Australia Holdco Pty Ltd.

Australia

Openwave Systems B.V.

Netherlands

Synchronoss Technologies Australia Pty Ltd.

Australia

Razorflow Software Solutions Ireland Limited

Ireland

Spatial System Sysstem Staff Investment Pty Ltd.

Australia

Spatial Software Solutions Australia Pty Ltd.

Australia

Prime Creation Technology International Pte Ltd.

Singapore

Spatial System Nominees Pty Ltd.

Australia

PT NT8 Software Solutions Indonesia

Indonesia

Synchronoss Software Australia Pty Ltd.

Australia

Teltron Limited

British Virgin Islands

** Constellation Software has an effective interest of 100% of the Super Voting Shares and 61.4% of the Subordinate Voting Shares of Lumine Group Inc.

Governing

Entity Name

Jurisdiction

Entity Name

Jurisdiction

Volaris Operating Group (excluding Lumine Group Inc.

and its subsidiaries):

Volaris Group Inc.

Ontario

Gallery Systems Inc.

New York

Apdata Do Brasil Software Ltda.

Brazil

SSP Holdings Limited

England and Wales

Akuiteo SAS

France

SSP Midco 2 Limited

England and Wales

SpecTec Group Holdings Limited

Cyprus

Asset InterTech, Inc.

Texas

AEP Ticketing Solutions s.r.l.

Italy

Aislelabs Inc.

Ontario

WiFiSPARK Limited

England and Wales

Four J's Development Tools Inc.

Washington

Across Systems GmbH

Germany

Four J'S Development Tools Europe Limited

Ireland

Metafile Information Systems Inc.

Minnesota

Hospedia Limited

England and Wales

EnvisionWare Inc.

Georgia

Incom SAS

France

Decideware, Inc.

California

Global Outsource Services, LLC

Florida

Advanced Management Systems Limited

New Zealand

Datapro, Inc.

Florida

Software Company AMIC Gmbh

Germany

SSP Asia Pacific Pty Limited

Australia

Eureka Technology SAS

France

Taranto Systems Limited

England and Wales

Volaris Brasil Tecnologia Ltda.

Brazil

CPR Vision Management Pte Ltd.

Singapore

Incadea GmbH

Germany

Trapeze-Elgeba GmbH

Germany

Baseplan North America, Inc.

Delaware

Trapeze Group Singapore Ltd

Singapore

Baseplan Software Pty Ltd.

Australia

Kinetic Solutions Limited

England and Wales

Criterions Software, Inc.

Delaware

Cultura Technologies Ltd.

England and Wales

incadea (Beijing) Information and Technology Co. Ltd.

China

AdaptIT Holdings Limited*

South Africa

Windward Software Systems Inc.

British Columbia

SpecTec Group Holdings Limited

Cyprus

ASC Automotive Solutions Center Schweiz AG

Switzerland

Softlink Australia Pty Ltd.

Australia

Helm Operations Software Inc.

Ontario

PLANit Sweden AB

Sweden

Holocentric Pty Ltd.

Australia

Infogate AG

Switzerland

Grosvenor Systems Limited

England and Wales

Tibersoft Technologies Inc.

Delaware

BBT Software AG

Switzerland

Trapeze Group Asia Pacific Pty Ltd.

Australia

Catertrax Inc.

Delaware

Smartrak Australia Pty Ltd.

Australia

SpecTec Group Holding Limited

Cyprus

Smartrak Limited

New Zealand

SpecTec Spa

Italy

Smartrak Systems Limited

New Zealand

SpecTec Ltd.

England and Wales

Systemtechnik Gmbh

Germany

Binary System S.r.l.

Italy

Shipnet USA, Inc.

Delaware

Trapeze Software ULC

Alberta

Shipnet Asia Pte Ltd.

Singapore

TTG Technology (Europe) Limited

England and Wales

The Alpha School System Pty Ltd.

Australia

Trapeze Germany GmbH

Germany

Wellington Computer Systems Limited

Northern Ireland

Trapeze Switzerland GmbH

Switzerland

Intranote A/S

Denmark

Trapeze Software Group Inc.

Delaware

Charity Dynamics, Inc.

Delaware

AssetWorks LLC

Delaware

Imperial Civil Enforcement Solutions Limited

England and Wales

Cultura Technologies LLC

Delaware

Saatmann Gmbh & Co. KG

Germany

CourtView Justice Solutions Inc.

Delaware

Bibliocommons Corp.

Ontario

Northpointe Inc.

Delaware

Tribute Inc.

Ohio

Wynne Systems Inc.

California

Motiondata Vector Software Gmbh

Austria

Intempo Software Inc.

Delaware

Motiondata Vector Deutschland Gmbh

Germany

Trapeze Group (UK) Limited

England and Wales

Motiondata Vector Schweiz Gmbh

Switzerland

Travis Software Inc.

Delaware

Medaptus Solutions Inc.

Delaware

Portfolio+ Incorporated

Ontario

Monteiro Braga Informatica Ltda.

Brazil

Policy Processing Systems Technology Corporation

Delaware

Software Solutions Partners Africa (Propreitary) Limited

South Africa

Unique Business Systems Corporation

California

Adapt IT (Pty) Ltd.*

South Africa

FacilityForce, Inc.

Delaware

Pcentra Ltd

Israel

Routematch Software, LLC

Georgia

Sansio Inc.

Delaware

Intellicene Inc.

Delaware

Bravura Security Inc.

Alberta

Micros South Africa (Pty) Ltd.*

South Africa

Intellicene Israel Private Limited

Israel

Brillian Canada Inc.

Ontario

Advanced Computer Technologies, LLC

Alabama

Fara AS

Norway

RouteVision Services B.V.

Netherlands

Governançabrasil S/A Tecnologia e Gestão em Serviços

Brazil

Quarzo Sistemas, S.A.

Costa Rica

Governançabrasil Sul Tecnologia Ltda.

Brazil

ClickDimensions, LLC

Georgia

Brillian APAC Pty Limited

Australia

WennSoft Inc.

Delaware

Lutra Limited

New Zealand

Vencora UK Limited

England and Wales

GCR Inc.

Louisiana

Nathan Grace Holdings Limited

England and Wales

DisplayNote Technologies Limited

Northern Ireland

CREALOGIX Holding AG

Switzerland

Crealogix AG

Switzerland

Modaxo Traffic Management USA Inc.

Delaware

Policy Processing Systems Technology Corporation

Delaware

Crealogix (Deutschland) GmbH

Germany

Innofis ESGM S.L.

Spain

Metadados Assessoria e Sistemas Ltda

Brazil

Transloc Inc.

Delaware

4D SAS

France

PC Soft Informatique SAS

France

* Constellation Software has an effective interest of 73.93% in Adapt IT.

Governing

Entity Name

Jurisdiction

Entity Name

Jurisdiction

Harris Operating Group:

Jonas Operating Group:

N. Harris Computer Corporation

Ontario

Gary Jonas Computing Ltd.

Canada

PG Solutions Inc.

Canada

Jonas Software USA LLC

Delaware

PG Govern Inc.

Canada

Jonas Software NZ Limited

New Zealand

Medisolution (2009) Inc.

Canada

SMS Software Holdings LLC

Delaware

Cogsdale Corporation

Canada

Diamond Touch Inc.

Texas

Harris Systems USA Inc.

Delaware

Greycon Limited

England and Wales

Harris Local Government Solutions, Inc.

Delaware

Greycon North America Inc.

Alabama

Connecture, Inc.

Delaware

Happen Business Pty Ltd.

Australia

Computer Software Innovations, Inc.

Delaware

Jonas Computing (UK) Ltd.

England and Wales

Manatron, Inc.

Delaware

Youbill, Inc.

Pennsylvania

Delta Computer Systems Inc.

Mississippi

Automatic Netware Limited

Ireland

Gateway Electronic Medical Management Systems Inc.

Delaware

London & Zurich Limited

England and Wales

Digichart, Inc.

Delaware

97 Display LLC

North Carolina

Mitchell & McCormick Inc.

Georgia

CRB Solutions Limited

Scotland

Acceo Solutions, LP.

Ontario

Innosoft Canada Inc.

Ontario

Acceo Solutions Inc.

Canada

Computrition Inc.

California

Acceo Technologies Inc.

Canada

Gladstone Limited

England and Wales

Acceo Solutions Limited

England and Wales

EZ Facility Inc.

Delaware

Onhand Schools, Inc.

Pennsylvania

Gladstone MRM Limited

England and Wales

Media-X Systems Inc.

Canada

Jonas Fitness Inc.

Delaware

JR3 Websmart, LLC

Texas

Kestral Computing Pty Limited

Australia

MEDfx Corporation

Rhode Island

Shortcuts Software Pty Limited

Australia

Gtechna USA Corporation

Delaware

Magic Pulse Ltd.

New Zealand

Accovia France S.A.R.L.

France

Shortcuts Software (UK) Limited

England and Wales

Creditron Canada, Inc.

Ontario

Shortcuts Software Inc.

Delaware

Morcare, LLC

Illinois

Salon Software Solutions Limited

England and Wales

Systems & Software Inc.

Vermont

Kitomba Australia Pty Ltd.

Australia

Harris (US) Computer LLC

Delaware

MCR Systems Limited

England and Wales

Quintessential School Systems

California

Resolve Software Group Pty Ltd.

Australia

Prosoft Technologies Inc.

Pennsylvania

Cunningham Cash Registers Limited

England and Wales

Iatric Systems, Inc.

Delaware

Ineo Intermediate Holdings LLC

Delaware

Picis Clinical Solutions Inc.

Delaware

Ineo LLC

Colarado

SmartCOP Inc.

Florida

Ineo Management LLC

Florida

Capital Computer Associates Inc.

New York

Ineo Financial Solutions, LLC

Colarado

QuadraMed Corporation

Delaware

Ineo Tax Services, LLC

Connecticut

QuadraMed Canada Corporation

Nova Scotia

Easit, AB

Sweden

Syscon Justice Systems Canada Inc.

British Columbia

Jonas Collection and Recovery Inc.

Delaware

TAC 10 Inc.

Iowa

Magalink S.A.

Uruguay

Caretracker Inc.

Delaware

GXC S.A.

Uruguay

InterAct911 Corporation

Delaware

AMT-Sybex (Software) Limited

Ireland

I.M.D Parent Ltd.

Israel

AMT-Sybex Limited

England and Wales

I.M.D Soft Ltd.

Israel

Lean Software Services, Inc.

Ontario

I.M.D Soft Inc.

Nevada

Common Cents Solutions Inc.

Mississippi

Harris Computer Germany Gmbh

Germany

XN Leisure Systems Limited

England and Wales

Salar Inc.

Maryland

Bluestar Software Limited

England and Wales

SIV Utility Service Gmbh

Germany

InReach LLC

Delaware

IMDSoft Gmbh

Germany

Impos Solutions International Pty Ltd.

Australia

SIV- Service für Informationsverarbeitung Aktiengesellschaft

Germany

Uniware Systems Limited

England and Wales

SIV BG EOOD

Bulgaria

Jonas Holdings LLC

Delaware

First Pacific Corporation

Oregon

JJJ & H Inc.

Florida

DestinationRx Inc.

Delaware

Data-Basics Inc.

Ohio

Everwin Holdings SAS

France

Hellenic Systems Ltd.

England and Wales

Everwin SAS

France

Tangerine Global, LLC

California

Everwin Groupe SAS

France

GMH Systems Pty Ltd.

Australia

Dynatouch Corporation

Texas

Constellation Payment Processing USA Inc.

Nevada

Commerce Decisions Limited

England and Wales

Vesta Merchant Services Limited

England and Wales

K2 Medical Systems Holding Limited

England and Wales

Cora Premier Holdco Inc.

Delaware

K2 Medical Systems Limited

England and Wales

Clinical Computer Systems, Inc.

Illinois

CCSI, Global Inc.

Illinois

La Société Informatique de Gestion Maintenance Assistance

(S.I.G.M.A.)

France

Bizmatics, Inc.

California

Ingenious Med, Inc.

Georgia

Jobillico, Inc.

Quebec

Globys, Inc.

Delaware

New Ultimate Billing, LLC

New York

Infocon Corporation

Pennsylvania

Just Associates Inc.

Colorado

eScholar LLC

New York

Altera Digital Health Inc.

Delaware

Allscripts Healthcare (IT) UK Ld.

England and Wales

Allscripts (India) LLP

India

Allscripts Healthcare IT (Singapore) PTE Ltd.

Singapore

Allscripts Healthcare IT (Australia) PTY. LTD.

Australia

dbMotion Ltd.

Israel

AixConcept Gmbh

Germany

Mid America Computer Corporation

Nebraska

Capitol Appraisal Group, LLC

Texas

Global Soft SAS

France

Azur Soft SAS

France

Sweda Canada Inc.

Canada

Altera Canada Corporation

Canada

Altera Managed Services LLC

Delaware

Questline Inc.

Ohio

Internet Filing (Pty) Ltd.

South Africa

Modyo Chile SpA

Chile

MEDHOST, Inc.

Delaware

MEDHOST Direct, Inc.

Tennessee

MEDHOST of Tennessee, Inc.

Tennessee

Abilis Solutions Corp.

Maine

MEDTeam Solutions, Inc.

Delaware

SirsiDynix Pty Ltd

Australia

Scholar L.P.

Ontario

Governing

Entity Name

Jurisdiction

Entity Name

Jurisdiction

Vela Operating Group:

Perseus Operating Group:

Emphasys Computer Solutions, Inc

Michigan

Constellation Homebuilder Systems Inc.

Delaware

acQuire Technology Solutions Pty Ltd

Australia

Perseus Group Software Corp.

Ontario

Aurum Software Ltda.

Brazil

CAKE Software Inc.

Delaware

Proenco AS

Norway

C Systems Software Inc.

Texas

Metech Holding Pty Ltd.

Australia

G1440 Inc.

Delaware

Application Oriented Designs Inc.

Florida

Z57, Inc.

California

Sympro Inc.

California

Clinical Computing Inc.

Ohio

Friedman Corporation

Illinois

Dealer Information Systems Corporation

Washington

Friedman Software Canada Inc.

Ontario

Majiq Inc.

Delaware

Varsity Logistics Inc.

California

POMS Corporation

Delaware

Vela Software International Inc.

Ontario

Ideal Computer Systems Inc.

Iowa

Vela Software Ireland Limited

Ireland

Constellation Web Solutions Inc.

Delaware

Markinson Business Solutions Pty Ltd.

Australia

Quantitative Medical Systems, Inc.

California

Markinson Software Solutions Pty Ltd.

Australia

IDS Software Inc.

North Carolina

Markinson Services Pty Ltd.

Australia

Zurple, Inc.

Delaware

Juniper Consulting, S.L.

Spain

Ibcos Holding Limited

England and Wales

ASA Automotive Systems Inc.

Delaware

Constellation Enterprise Online Inc.

Delaware

A&W Software GmbH

Germany

Tune, Inc.

Delaware

Freestyle Software Inc

Delaware

Constellation Mortgage Solutions Inc.

Delaware

Nedsense Nedgraphics B.V.

Netherlands

Charter Software Solutions Inc.

Delaware

NedGraphics Inc.

Delaware

Selectapension (2013) Limited

England and Wales

Megabus Software Pty Ltd.

Australia

Selectapension Limited

England and Wales

Datamine Corporate Limited

England and Wales

Constellation R.O. Writer Inc.

Delaware

Datamine International Limited

England and Wales

Contour Software (Private) Limited

Pakistan

Datamine Africa (Pty) Limited

South Africa

Top Producer Software Corp.

Ontario

CAE Datamine Peru S.A.

Peru

ReverseVision, Inc.

Delaware

Computer Engineering Inc.

Missouri

Winklevoss Technologies, LLC.

Delaware

IN2 d.o.o.

Croatia

Perseus Pension Valuation Group L.P.

Ontario

IGEA d.o.o

Croatia

Optimal Blue LLC

Texas

Optitex Ltd.

Israel

Dark Matter Technologies LLC

Delaware

IN2data d.o.o.

Croatia

Constellation Data Solutions Inc.

Delaware

Datamine Australia Pty Ltd.

Australia

Auto-IT Australia Pty Ltd

Australia

Petrosys Pty Ltd.

Australia

Juniper Technologies Corporation

Florida

Future Business Systems Pty. Ltd.

Australia

Tecplot Inc.

Washington

Halcom d.d.

Slovenia

Atex Pty Ltd.

Australia

Atex Media Limited

England and Wales

Polopoly AB

Sweden

Atex Global Media S.a.r.l.

France

Atex Media Command AB

Sweden

Privredno drustvo Halcom a.d.

Serbia

Novatech AS

Norway

Financial Risk Solutions Limited

Ireland

Apparel 21 Pty Ltd.

Australia

TPF Software Inc.

New Jersey

Icorp S.A.

Uruguay

Tensibur S.A.

Uruguay

ProShip Inc.

Delaware

FACTON Gmbh

Germany

FACTON Inc.

Delaware

Kurier Tecnologia Em Informacao S.A.

Brazil

Compusense Inc.

Ontario

CrescentOne, Inc.

Delaware

Reprise Software, Inc.

Delaware

Infinity Software Inc.

Delaware

RayenSalud SpA

Chile

Independent Solutions Pty Ltd.

Australia

Datamine Brasil Solucoes em Technologia Ltda.

Brazil

PT Datamine Software Indonesia

Indonesia

Vela Netherlands Holding B.V.

Netherlands

Ricardo Simulation Inc.

Michigan

Logan Systems, Inc.

North Carolina

ITS Computing Limited

England and Wales

Asesorias Computacionales NeoSoft SpA

Chile

3Q Holdings Limited

Australia

AutoPlay Automotive Ltd

New Zealand

Synergex International Corporation

California

Triquestra New Zealand Limited

New Zealand

PW Holdings Germany Gmbh

Germany

TODO1 Services Inc.

Delaware

Geovariances SAS

France

Aurum Softmatic Ltda.

Brazil

Engineering Physics Services Inc.

Texas

Libusoft CICOM d.o.o.

Croatia

IGEA d.o.o.

Croatia

Qmuzik Technologies (Pty) Ltd.

South Africa

AS Sistemas de Informatica Ltda.

Brazil

ACESSÓRIAS SOLUÇÕES INTELIGENTES LTDA.

Brazil

Jettax Tecnologia e Serviçios Online Ltda.

Brazil

Sodep Sistemas Ltda.

Brazil

Greatsoft (Pty) Ltd.

South Africa

Interica Limited

England and Wales

Envirosoft Corporation

Alberta

SysArc Informatix Private Limited

India

Cibar Inc.

Colorado

ASP Global Services, Inc.

California

Optiwork AG

Switzerland

Sym-Pac Solutions Pty Ltd.

Australia

Autoi Limited

New Zealand

Giftsoft LLC

Delaware

Ikon Parent Limited

England and Wales

Governing

Entity Name

Jurisdiction

Entity Name

Jurisdiction

Topicus .com Operating Group* :

Topicus.com Inc.**

Ontario

Topicus.com Inc.** (continued)

Ontario

Topicus.com Cooperatief U.A.

Netherlands

Topicus.com Cooperatief U.A. (continued)

Netherlands

Total Specific Solutions (TSS) B.V.

Netherlands

TSS Nordic AB

Sweden

TSS Europe B.V.

Netherlands

Ping Pong AB

Sweden

TSS Management B.V.

Netherlands

Evolution Commerce

Sweden

ACA Groep Holdings B.V.

Netherlands

M.Soft, S.A.U.

Spain

ACA Fashion Software B.V.

Netherlands

Prek Service AB

Sweden

Notarissoftware Nederland B.V.

Netherlands

Felix Informatique SAS

France

Baratz Servicios de Teledocumentacion S.A.

Spain

TSS Finland Oy

Finland

KZA B.V.

Netherlands

Arter Oy

Finland

PharmaPartners B.V.

Netherlands

Futunio Oy

Finland

H.I. Systems B.V.

Netherlands

Metamicro SAS

France

PinkRoccade Healthcare B.V.

Netherlands

Salvia Holding SAS

France

PinkRoccade Healthcare Gezondheidszorg B.V.

Netherlands

Salvia Développement SAS

France

PinkRoccade Local Government B.V.

Netherlands

SRCI SAS

France

Blueriq B.V.

Netherlands

Alteva SAS

France

Stadsbeheer B.V.

Netherlands

Technidata SAS

France

Kred'IT B.V.

Netherlands

Technidata France SAS

France

Quantaris B.V.

Netherlands

Services Technidata Canada Inc.

Quebec

Vicrea Solutions B.V.

Netherlands

Technidata Medical Software Engineering GmbH

Germany

NCCW B.V.

Netherlands

Technidata America Medical Software LLC

Arizona

Itris B.V.

Netherlands

Technidata UK Ltd.

England and Wales

Magenta Multimedia Tools B.V.

Netherlands

Technidata Benelux B.V.

Netherlands

Niveo B.V.

Netherlands

Technidata Italia Srl

Italy

Prequest Nederlands B.V.

Netherlands

Technidata Asia

Phillippines

Accountancy Portal Solutions B.V.

Netherlands

Technidata Inc.

Phillippines

Windex Bedrijfssoftware B.V.

Netherlands

Technidata Ltd.

Hong Kong

Emergo Systems B.V.

Netherlands

wiko Software GmbH

Germany

Cosoluce SAS

France

Yonder Nederland B.V.

Netherlands

Heliantis SAS

France

Yonder SRL

Romania

Infoflex Data AB

Sweden

TPCS Holding B.V.

Netherlands

Prohandel Gmbh

Germany

Topicus.com B.V.

Netherlands

Forsikringens DataCenter A/S

Denmark

Topicus Management B.V.

Netherlands

Total System Development B.V.

Netherlands

TSS France SAS

France

KMO Solutions B.V.

Netherlands

Biomedical Data Solutions Ltd.

England and Wales

Notubiz Nederland B.V.

Netherlands

Sanguin International Inc.

Connecticut

Notuleerservice Nederland B.V.

Netherlands

Spyro Software S.L.U

Spain

NotuBiz Belgium bvba

Belgium

A.P . SYSTEM S.r.l.

Italy

Hercules Social Housing B.V.

Netherlands

Nextip S.r.l.

Italy

Divide B.V.

Netherlands

Tribofilm SAS

France

Mediamaestro Oy

Finland

IQDoQ Gmbh

Germany

Ergovia Gmbh

Germany

Dobrick + Wagner Softwarehouse Gmbh

Germany

SpraakLab B.V.

Netherlands

Easysoft, Gmbh

Germany

Tri-ennium Software B.V.

Netherlands

TSS Deutschland Gmbh

Germany

Total Specific Solutions Germany GmbH

Germany

TSS Blue Dynasty Holding ehf

Iceland

Civity B.V.

Netherlands

dk Hugbunaour ehf

Iceland

OneTrail B.V.

Netherlands

Nextip Network Communications S.r.l.

Romania

Nostradamus ICT B.V.

Netherlands

Topicus Onderwijs Holding B.V.

Netherlands

Square Information Solutions B.V.

Netherlands

DEDACT B.V.

Netherlands

Microcash Retail B.V.

Netherlands

Topicus Security B.V.

Netherlands

Vlot Systemen B.V.

Netherlands

Adapt Informatique SAS

France

Quality Positioning Services (Q.P .S.) B.V

Netherlands

Topicus Finance B.V.

Netherlands

QPS Canada Inc.

New Brunswick

Topicus Finance Holding B.V.

Netherlands

Quality Positioning Services Inc.

Delaware

TSS Prime Oy

Finland

BCT Holding B.V.

Netherlands

Passfield Data Systems Limited

England and Wales

Dynamic Software D.S. N.V.

Belgium

TSS Blue Youth Holding sp.z o.o.

Poland

IDT Capture B.V.

Netherlands

Simple S.A.

Poland

BCT Deutschland Gmbh

Germany

Topicus B.V.

Netherlands

BCT B.V.

Netherlands

Topicus Zorg Holding B.V.

Netherlands

Oravision B.V.

Netherlands

Calculus Software B.V.

Netherlands

Pro/Future B.V.

Netherlands

Proigia B.V.

Netherlands

BCT bv

Belgium

Topicus Healthcare B.V.

Netherlands

Alcuin Software SAS

France

Simple Invest sp.zo.o.

Poland

Datamed SA

Switzerland

Medinet Systemy Informatyczne sp.zo.o

Poland

Ofimática TSS S.L.

Spain

Topicus Overheid Holding B.V.

Netherlands

RTS Remote Terminal System Srl

Italy

Topicus Overheid B.V.

Netherlands

FDT-System AB

Sweden

Topicus Education B.V.

Netherlands

TSS Denmark ApS

Denmark

Fortion Holding B.V.

Netherlands

Helios Auto ApS

Denmark

Topicus Ambulancezorg B.V.

Netherlands

Helios Auto AS

Norway

GS Holding B.V.

Netherlands

Schilling ApS

Denmark

Geosoftware Holdings Inc.

Ontario

isp-insoft Gesellschaft für Entwicklung und Vertrieb individueller

Software GmbH

Germany

Geosoftware LP

Ontario

GeoSoftware C.V

Netherlands

GS GP Holdings Inc.

Ontario

GeoSoftware B.V.

Netherlands

Geosoftware Sdn. Bhd.

Malaysia

Geosoftware LLC

Delaware

PT Geosoftware Indonesia

Indonesia

Algardata - Sistemas Informaticos, S.A.

Portugal

Geosoftware Technology Services (Beijing) Co., Ltd.

China

Airdesk Unipessoal Lda.

Portugal

Total Specific Solutions Spain S.L.U.

Spain

Systeme Conseils Etudes Produits Informatiques

Gesinf S.r.l.

Italy

Appliques SAS

France

Geoactive Ltd.

Scotland

TSS Italy

Italy

RiskSpectrum AB

Sweden

Sicon Limited

England and Wales

Total Specific Solutions (TSS) , Unipessoal Lda.

Portugal

Lusoinfo II Multimedia S.A.

Portugal

Ubika Holding SAS

France

Waer Systems Limited

England and Wales

UBIKA SAS

France

Convenient B.V.

Netherlands

Intramed B.V.

Netherlands

TSS France Bidco 1 SAS

France

Transport en Automotive Network Systems (T.A.N.S.) B.V.

Netherlands

Fashion ERP Europe B.V.

Netherlands

Scope Solutions AG

Switzerland

Empire Top Holding B.V.

Netherlands

Sygnity S.A.***

Poland

Empire Holding B.V.

Netherlands

Sygnity Business Solutions S.A.***

Poland

Pantheon Automatisering B.V.

Netherlands

Geomar S.A. w Upadlosci***

Poland

Dresden Informatik Gmbh

Germany

PINK ZLC B.V.

Netherlands

g.on experience Gmbh

Germany

TTE-Europe Gmbh

Germany

Topicus Onderwijs Eduarte B.V.

Netherlands

V-D-V Gmbh

Germany

Anook Management Software, S.A.U.

Spain

Alfa Automatisering B.V.

Netherlands

Prima Solutions Inc.

Quebec

Beedr Software B.V.

Netherlands

Edubox, S.A.

Portugal

Prima Solutions SAS

France

Solare IT France SAS

France

Solare IT BELUX SA

Belgium

Mobil Information Systems Limited

Ireland

Irish Medical Systems (Holdings) Ltd.

Ireland

Mobil Information Systems UK Limited

England and Wales

Integrated Medical Solutions Limited

England and Wales

Copernicus Interchange Technology B.V.

Netherlands

Irish Medical Systems (Computers) Limited

Ireland

TSS Centelles S.L.

Spain

SC IMS MAXIMS SRL

Romania

Servicomput S.A.U.

Spain

Alvic Peru S.A.C.

Peru

Development Factory & Research S.L.U.

Spain

Go Process SAS

France

Development Factory & Research Colombia S.A.S.

Columbia

Deal Informatique SAS

France

Total Specific Solutions Domus S.L.

Spain

Planilog SAS

France

Distribución de Sistemas y Consulting Informático S.L.

Spain

Aviva Voice Systems and Services, S.L.

Spain

Paralax Holding B.V.

Netherlands

Inovar +AZ Sistemas de informação, Lda.

Portugal

Paralax B.V.

Netherlands

Delta Informatica S.r.l.

Italy

System Service S.r.l.

Italy

SoftSystem Software Systeme Dunkel GmbH

2factors B.V.

Netherlands

Systementwicklung & Informationstechnologie

Germany

Advisor Software Solutions B.V.

Netherlands

TS Blue Trinity Holding ehf.

Iceland

Five Degrees ehf.

Iceland

AS Systems OOD

Bulgaria

TSS Norge Holding AS

Norway

Hi Tech Mobility AS

Norway

Topicus Vietnam LLC

Vietnam

Five Degrees Holding B.V.

Netherlands

Digibus, S.L.U.

Spain

Five Degrees Neo B.V.

Netherlands

A6 Conseil Methodes Organisation SAS

France

Five Degrees Solutions B.V.

Netherlands

Primeur France SAS

France

Five Degrees Portugal Unipessoal Lda.

Portugal

TSS Next Srl

Italy

Alternative Earth Software Limited

England and Wales

Primeur Suisse SA

Italy

Pantadat Srl

Italy

Primeur Corporation

United States

e-Loo B.V.

Netherlands

Primeur Italy Srl

Italy

Primeur Espana SA

Spain

Ivido B.V.

Netherlands

JetLab Srl

Italy

Glasof Informatica S.L.

Spain

Ghibli Innovation Sarl

Tunisia

TRUEITSYSTSTEMS S.L.

Spain

B. Rekencentra N.V.

Belgium

Dot.Cy Hellas IKE

Greece

Total Specific Solutions Yuste, S.L.

Spain

Sofinn Italia S.r.l

Italy

Dot.Cy Developments Limited

Cyprus

Creative Information Technology SAS

France

DOTCY DMCC

Dubai

ExpertDoc B.V.

Netherlands

Creative Information Technology SAS

France

CS Bidco B.V.

Belgium

iSOFT Nederland B.V.

Netherlands

Budimex S.A. Sygnity S.A. sp.j***

Poland

AX Innovation Limited

England and Wales

Sygnity Holding International sp. z.o.o.***

Poland

Procomp Solutions Oy

Finland

Edrana SIA***

Latvia

Emtal sp. z o.o.***

Poland

Buypass AS

Norway

Edrana Baltic UAB***

Lithuania

C.I.C. Software GmbH

Germany

Sagra Technology sp. z.o.o.

Poland

SemaForge AG

Switzerland

Buypass Payment AS

Norway

***Topicus.com Cooperatief has an effective ownership of 72.68% in Sygnity.

GENERAL DEVELOPMENT OF THE BUSINESS

Overview

Constellation Software Inc. is a global provider of enterprise software solutions serving a variety of distinct vertical markets.

Effective in 2020, we have aggregated our six operating groups into one reportable segment, consistent with the objectives and basic principles of IFRS 8.

As at March 31, 2025, the vertical markets in which we participate include:

Public transit operators

Asset management

Municipal systems

Para transit operators

Fleet and facility management

School administration

School transportation

District attorney

Public safety

Non-emergency medical

Taxi dispatch

Healthcare

Ride share

Benefits administration

Rental

Local government

Insurance

Electric utilities

Agri-business

Collections management

Court

Marine asset management

Water utilities

School and special library

Communications

Credit unions

Drink distribution

Education

Financial services

Notaries

Fashion retail

Pharmacies

Long-term care

Home and community care

County systems

Research management

Retail management and distribution

Public housing authorities

Not-for-profit organizations

Automotive

Accountancy

Catering

Small and medium sized businesses

Property management

Food services

Creative agencies

Commercial printing

Horticulture

Event management

Distillery

Hospitality

Manufacturing plant performance

Advertising and marketing

Project management

Quality management

Real estate brokers and agents

Compliance

Private clubs and daily fee golf courses

Lease management

Window manufacturers

Construction

Winery management

Cabinet manufacturers

Aerospace

Buy here pay here dealers

Made-to-order manufacturers

Health clubs

RV and marine dealers

Window and other dealers

Moving and storage

Pulp and paper manufacturers

Multi-carrier shipping

Metal service centers

Agriculture equipment dealers

Supply chain optimization

Attractions

Outdoor equipment dealers

Multi-channel distribution

Leisure centers

Ombudsman

Wholesale distribution

Human resources and payroll

Healthcare electronic medical

Homebuilders

records

Radiology and laboratory information

Pharmaceutical and biotech

Third party logistics warehouse

systems

manufacturers

management systems

Product licensing

Marinas

Grocery

Tire distribution

Salons and spas

Association management

Housing finance agencies

Municipal treasury and debt

Mining

systems

Tour operators

Auto clubs

Publishing

Design and welding

Textiles and apparel

Oil and gas

Legal

Logistics

Aviation

Industrial distribution

Public libraries

Speech recognition

Disclaimer

Constellation Software Inc. published this content on April 09, 2025, and is solely responsible for the information contained herein. Distributed via , unedited and unaltered, on April 09, 2025 at 12:11 UTC.