Littleton, CO, January 3, 2020– Charter Software Inc., the maker of the ASPEN Dealer Management System, announced today it has been acquired by Constellation Software (TXS: CSU), based in Toronto, Canada. The new company will be called Charter Software Solutions Inc. and will operate under the Perseus division of Constellation. Charter Software’s offices will remain headquartered in Littleton, CO.
As the leading provider of business system software to agricultural, outdoor power, construction, industrial and golf cart dealers and distributors in North America, the acquisition of Charter further expands Constellation’s presence in the dealership management systems market.
“We are pleased to welcome Charter Software’s employees and customers to the Constellation family,” said Daniel Zinman, the Vice President of Constellation’s Dealership Software Group. “Charter’s addition will provide us with further insight into the industries we already serve, allowing us to innovate in new and exciting ways across all our dealership software businesses.”
As part of the acquisition, Charter Software President/CEO Anne Salemo will be retiring from the business. Tracy Goodman, formerly Charter Software’s COO, will assume the role of interim General Manager reporting to Ajay Thakur, who currently oversees Constellation’s Ideal Computer Systems and c-Systems Software businesses.
In a letter to customers, former Charter Software President/CEO Anne Salemo stated, “Everyone at Charter is committed to ensuring the smoothest possible transition for our valued customers and suppliers. ‘Staying true to ourselves’ is our guiding principle, meaning that the same great staff, offices and support are here to meet your needs. Constellation is committed to investing in the development of ASPEN and will undoubtedly bring a broader range of skills to Charter.”
About Charter Software Solutions Inc.
Charter Software provides scalable, integrated, Microsoft-based, business-management software to hundreds of equipment dealers in North America. Designed to increase efficiency and communication across all departments, Charter’s business-management software, ASPEN, provides tools that help dealers manage their businesses more profitably. Charter’s close relationships with the industry’s leading manufacturers and suppliers provide streamlined system integrations, strengthening dealers’ and distributors’ connections with their business partners.
About Perseus division
The Perseus division is a provider of software solutions to a number of vertical markets. As an operating group of Constellation Software Inc., Perseus acquires, manages, and builds software businesses which provide specialized, mission-critical software solutions. Perseus companies seek to become leaders in their markets by improving their operations, growing through organic initiatives, and seeking acquisitions that can strengthen their market position.
About Constellation Software Inc.
Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU”. Constellation Software is an international provider of market-leading software and services to a number of industries across both the public and private sectors. The company acquires, manages and builds vertical market software businesses that provide mission-critical software solutions. Further information about Constellation may be obtained from its website at www.csisoftware.com
For further information, contact:
Betsy Chase – Director of Marketing
Charter Software Solutions Inc.
betsy.chase@chartersoftware.com