The acquisition represents Constellation’s entry into a new vertical. Once the acquisition has been completed, the acquired company will be managed as part of Constellation’s Jonas Operating Group, a provider of enterprise management software solutions.
The transaction is subject to customary closing conditions, as well as approval by the shareholders of the acquired company.
John Billowits, CFO of Constellation, said: This will be one of our larger acquisitions this year. The total purchase price will be approximately $16 million, subject to post closing adjustments for audited net tangible assets.
