SELECTAPENSION, the pensions and investment planning software firm, announced today that it has been acquired by the Perseus operating group of Constellation Software Inc. (TXS: CSU), based in Toronto, Canada.
SELECTAPENSION’s offices will remain in Crowborough, East Sussex in the UK.
SELECTAPENSION’s acquisition is the first for Perseus in the UK pension and investment industry. SELECTAPENSION will join the Constellation Financial Software group, which includes software in asset finance and commercial loan portfolio management.
“We are excited to have SELECTAPENSION’s employees and customers join the Perseus family. Not only are we entering a new vertical with the addition of SELECTAPENSION, but their experienced team and dedication to innovative products for their customers makes them a strong addition to Perseus and creates a foundation for future growth.”
Vice President of the Perseus Group.
“We are extremely delighted to be part of the Perseus Group and our vision to provide market leading software for our customers will continue for many years to come. SELECTAPENSION will maintain its market independence, enabling us to deliver affordable, yet comprehensive tool sets for the entire financial sector.”
Managing Director of SELECTAPENSION.
Established in 2004 by Managing Director, Andy McCabe, SELECTAPENSION offers specialist online software for pensions and investments planning for those working in the personal financial advice sector.
The software enables financial planners and paraplanners to complete comprehensive analyses, and research and compare products and providers right across the market in order to make suitable recommendations to clients.
The range of tools, which includes Pension Switching, Cashflow & Drawdown Strategies, Investment Switching and Defined Benefit Transfer, is used by leading IFAs, Paraplanners, Service Providers, Banks, Pension Trustees and Product Providers.
The Perseus operating group is a provider of software solutions to a number of vertical markets. As an operating group of Constellation Software Inc. Perseus acquires, manages, and builds software businesses which provide specialised, mission-critical software solutions. Perseus companies seek to become leaders in their markets by improving their operations, growing through organic initiatives, and seeking acquisitions that can strengthen their market position.
About Constellation Software Inc.
Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU”. Constellation Software acquires, manages and builds vertical market software businesses. Further information about Constellation may be obtained from its website at www.csisoftware.com.