Skip to main content

Constellation Software’s Perseus Group Completes Acquisition of Winklevoss Technologies

Written by Customer Service on . Posted in Mergers And Acquisitions.

TORONTO, May 16, 2023 (GLOBE NEWSWIRE) — Constellation Software Inc. (“Constellation”) (TSX: CSU) announced today that it has, through its Perseus Group (“Perseus”), completed the purchase of Winklevoss Technologies, LLC (“WinTech”), a market leading provider of defined benefit pension plan valuation and administration software.

Founded in 1987 by Dr. Howard Winklevoss, WinTech is dedicated to being the software standard for defined benefit pension and other post-employment benefit (OPEB) plans. WinTech’s customer base includes some of the world’s top actuarial consultants, investment consulting firms, accounting firms, plan sponsors, plan administrators, and insurance companies.

Mark Tillman, General Manager of WinTech commented: “We are excited to be joining the Perseus Group, which marks a significant milestone in WinTech’s story. We look forward to continuing to develop market leading benefits software for our customers and appreciate that the Perseus Group gives us a permanent, nurturing home to help us build upon our strong foundation.”

Daniel Zinman, President and CEO of Perseus Group commented: “WinTech’s product, service, and management team are recognized as leaders in the defined benefits pension space, and we are delighted to welcome them to the Perseus Group.”

About Perseus Group

The Perseus Group is an operating group of Constellation Software Inc. Perseus acquires and invests in software businesses that are committed to providing long-term solutions and life-long partnerships to customers. For more information about Perseus Group, visit: https://www.csiperseus.com.

About Constellation Software Inc.

Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU.” Constellation acquires, manages and builds vertical market software businesses.

For further information, contact:
Constellation Software Inc.
Jamal Baksh, Chief Financial Officer
Tel: (416) 861-9677
jbaksh@csisoftware.com
www.csisoftware.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.