Constellation Software’s Perseus Group Completes Acquisition of Winklevoss Technologies
May 16 2023 - 06:19AM
GlobeNewswire Inc.
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 OfficerTel: (416)
861-9677jbaksh@csisoftware.comwww.csisoftware.com
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