Constellation Software acquires Wellington Financial portfolio co. InterAct911
Remember that sub-$20 TSX IPO that is now trading for more than $400? They’re at it again.
Constellation Software Inc. (TSX:CSU) announced last night that it had completed, through its wholly-owned subsidiary N. Harris Computer Corporation, the acquisition of InterAct911 Corporation. InterAct became one of our portfolio companies in May 2011, and is a provider of “Computer Aided Dispatch, Records Management, Mobile Enforcement and Offender Management systems in the United States and select regions worldwide.”
According to CSI’s press release, “InterAct’s geographic footprint and customer profile complements and enhances Harris’ current Global Law Enforcement business unit. Harris plans to continue to develop, sell, implement and support InterAct’s Software as a Service (SaaS) Computer Aided Dispatch, Records Management and Offender Management platforms, enabling Harris to participate in a growing segment of the Law Enforcement market. InterAct is an excellent addition to our Law Enforcement portfolio. The company has invested significantly in the development of its SaaS platforms over the last several years. We look forward to expanding the client base for these innovative and highly functional products. I am very pleased to welcome the InterAct customers to the Harris family and look forward to long-lasting relationships with each one.”
On behalf of our team, thanks go to John McNulty, President and CEO of InterAct, who has been a dream to work with throughout our time together.