Asset Manager

Updated:

Constellation Software Inc.

Constellation Software Inc. is the leading international provider of software and services to public and private sector industries. For more than three decades...

Constellation Software Inc.

Constellation Software Inc. is the leading international provider of software and services to public and private sector industries. For more than three decades it has been a leading acquirer and provider of mission-critical, high-impact software solutions and services to specialized industries around the world. Its buy-and-hold approach acquires and supports vertical market software companies for the long term, helping them grow with autonomy, internal support, and stability.

General information

Firm type

Asset Manager

Location

Region

North America

Country

Canada

City

Toronto

Corporate office

Toronto, Ontario, Canada

Principals

Mark Miller

President and Chief Operating Officer

Jamal Baksh

Chief Financial Officer

Bernard Anzarouth

Chief Investment Officer

Farley Noble

SVP, Large Investments and Strategy

Mark Dennison

General Counsel

John Billowits

Director and Chairman

Lawrence Cunningham

Director and Vice-Chairman

Claire Kennedy

Director

Andrew Pastor

Director

Donna Parr

Director

Laurie Schultz

Director

Robert Kittel

Director

Sector focus

Enterprise SoftwareIndustrial Tech

Frequently asked questions

Who runs investment decisions at Constellation Software?

Constellation Software is led by a CEO and Board of Directors as a public company. The firm does not publicly name a single point of authority for acquisitions; decisions are distributed across operating group presidents.

How does Constellation source proprietary deal flow?

The firm sources deals through relationships with business owners in vertical markets, industry conferences, and direct inbound from acquisition targets seeking a permanent home. The decentralized structure allows operating groups to maintain local networks.

Does Constellation participate in fund commitments or only direct acquisitions?

Constellation primarily makes direct acquisitions of vertical market software companies. It does not participate in fund-of-funds or external third-party funds.

What investment stages does Constellation target?

Constellation targets mature, profitable vertical market software businesses rather than early-stage startups. It focuses on companies with recurring revenue and high customer retention.

Which sectors does Constellation explicitly avoid?

Constellation avoids horizontal software platforms, consumer-facing apps, and early-stage technology. It concentrates on mission-critical software for specific industries.

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