Perseus Group Acquires Honeywell’s Exclusive Global License, OptiVision, for the Pulp and Paper Industry
October 07 2024 - 1:20PM
Business Wire
Perseus Group (“Perseus”), an operating group of Constellation
Software Inc. (“Constellation”), today announced that it has
completed the purchase of Honeywell’s exclusive global license
OptiVision for the pulp and paper industry. OptiVision is a market
leading order to cash system providing order management, planning,
manufacturing execution, warehousing and shipping. The license will
now be administered by OPTIVIQ Inc., a company within Perseus
Group.
This acquisition further expands Perseus’ global footprint in
pulp and paper, having already established a strong presence with
MAJIQ, Ediwise, and MOPSsys. OPTIVIQ marks Perseus’ fifth
acquisition in this industry.
Peter Litka will be appointed as the General Manager of OPTIVIQ,
brining over 30 years of industry experience. “We look forward to
serving the install base of OptiVision with a strong commitment to
the future of the product and the industry,” said Mr. Litka.
“OptiVision is a great addition to our portfolio, and we will
bring the Perseus vision of ‘Software for Life’ to bear with an eye
towards the long-term,” said Steve Latham, Manager of the
Manufacturing Software Portfolio in Perseus. “Peter will be an
excellent champion of the customers of OptiVision.”
OPTIVIQ will focus on building a great team to support, enhance,
and maintain OptiVision. Sustaining the product for the customers
who have made a significant long-term investment in running their
operations using the product.
About OPTIVIQ Inc. With roots in the Pulp & Paper
industry spanning nearly 40 years, OPTIVIQ Inc. holds the exclusive
worldwide license for the sales, distribution, and support of
OptiVision. They provide exceptional value through outstanding
customer service, deep industry knowledge, and unwavering
dedication to their customers.
About Perseus Perseus 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, visit: www.csiperseus.com
About Constellation Software Inc. Constellation
Software’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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241007051647/en/
Nikki Jefferson Senior Director, Marketing
nikki.jefferson@csiperseus.com +1 647-234-4116
Constellation Software (TSX:CSU)
Historical Stock Chart
From Oct 2024 to Nov 2024
Constellation Software (TSX:CSU)
Historical Stock Chart
From Nov 2023 to Nov 2024