Financial Wire

Constellation Software Says Its Vela Operating Group Agrees to Buy Majority Interest in Derbysoft

-- Constellation Software (CSU.TO) announced overnight Tuesday that Juniper Group, an operating group of Vela Software, has entered into a definitive agreement to buy a majority interest in Derbysoft Holdings, the ultimate parent company of DerbySoft Inc. Terms of the deal were not given.

The company said key executive team members will retain a minority stake in Derbysoft and will enter into a shareholders' agreement with Juniper Group to manage the governance of Derbysoft going forward.

Shares of the company closed down 3% to $2,515.75 on Tuesday on the Toronto Stock Exchange.

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