Constellation Software’s Modaxo Enters into Agreement to Acquire Curbside Management and Public Safety Businesses from Conduent
28 Dicembre 2023 - 2:50PM
Constellation Software Inc. (“Constellation”) (TSX: CSU) today
announced that its People Transportation Division operating as
Modaxo, has signed an agreement to acquire the Curbside Management
and Public Safety Businesses from Conduent Incorporated (Nasdaq:
CNDT). Completion of the acquisition remains subject to closing
conditions.
Conduent’s Curbside Management business provides parking
management systems to the public sector, while their Public Safety
business provides traffic management solutions such as automated
photo enforcement for speed and red-light violations processing to
its government clients.
About ModaxoModaxo is a global technology
organization passionate about moving the world’s people. Working
both together and independently, our collective of businesses are
committed to delivering software and technology solutions that help
connect people with the places they need to go for work, family,
and everyday life. Learn more at Modaxo.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: Jamal Baksh, Chief Financial Officer
(416) 861-9677 info@csisoftware.com www.csisoftware.com
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