Today's News |
Constellation's Volaris Group Acquires Vancouver-based Incognito Software
Wednesday, September 24, 2014Company Profile | Follow Company
Constellation's Volaris Group Enters New Communications Vertical With Acquisition of Incognito Software
Vancouver, BC, September 24, 2014--(T-Net)--Incognito, a Vancouver-headquartered global provider of broadband software provisioning and activation solutions that help monetize IP based subscriber and commercial services, announced that it has been acquired by Volaris Group for an undisclosed sum.
Volaris Group is a wholly-owned subsidiary of Constellation Software Inc. (CSU) and the acquisition is Volaris' first acquisition in the Communications vertical market.
Incognito's OSS solutions are sold to Communication Service Providers (CSPs) in both the cable and telecommunications markets enabling them to quickly and cost-effectively deploy data, voice, and video services across a multitude of fixed and wireless networks, vendors, technologies, and standards.
Incognito has over 250 customers in North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Key customers include Net Serviços de Comunicação (Net Brazil), SuddenLink Communications, Starhub, and Com Hem Aktiebolag.
“We were eager to grow our business further but needed more investment and resources to do this effectively. Several venture capitalists and private equity firms approached us, but it quickly became clear that Volaris was the right company for Incognito,” said Stephane Bourque, President & CEO with Incognito.
“Volaris' approach to building our business for the long-term and their strong culture was a clear differentiator. We believe that with Volaris we can continue to grow our business to better serve our customers worldwide.”
Incognito is headquartered in Vancouver, BC with an office in Dublin, Ireland.
The company will continue to be led by Incognito's President & CEO Stephane Bourque with oversight from Volaris.
CEO Stephane Bourque was recently named a finalist for the Ernst & Young Entrepreneur Of The Year® 2014 Award for British Columbia.
Terms of the acquisition have not been released.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. Volaris companies provide specialized, mission-critical solutions to vertical markets around the world including Agri-Food, Asset Management and Logistics, Benefits Administration, Cultural Collections Management, Insurance, Justice, Marine, People Transportation, Rental Management and Communications. Volaris is an operating group of Constellation Software Inc. Learn more at www.volarisgroup.com or call 905.629.5297.
About Constellation Software Inc.
The Common Shares are listed on the TSX under the symbol "CSU". The Company acquires, manages and builds vertical market software businesses.
Contacts:
Constellation Software Inc.
Jamal Baksh
Chief Financial Officer
416-861-9677
info@csisoftware.com
Company Snapshot |
||
Incognito Software Systems Inc.
Vancouver, BC (Other Tech Sectors)
|
Other Recent Company News |
|||||||||||||||||||
|