Constellation Software's Emphasys Subsidiary Signs Major Contract With State of Tennessee

* Reuters is not responsible for the content in this press release.

Tue Jul 22, 2008 5:01pm EDT 

  TORONTO, ONTARIO, Jul 22 (MARKET WIRE) -- 
Emphasys Software ("Emphasys"), a subsidiary of Constellation Software
Inc. (TSX: CSU) today announced that its Treasury and Debt Management
division has signed a major contract with the State of Tennessee.

    Steve Nicosia, Emphasys' General Manager of the Treasury and Debt
Management division, said, "We look forward to working with the State of
Tennessee and implementing our Debt Management System for them." He
continued, "By using our software solution, the State will be able to
automate and simplify their core bond accounting operations to increase
reliability in financial reporting, improve workflow, and reduce manual
effort and errors associated with managing fixed- and variable-rate
bonds."

    Commenting on the new contract, Emphasys' Chief Executive Officer Mike
Byrne said, "I am pleased to welcome the State of Tennessee as a client.
Our team is excited to be working with such a dedicated group of
individuals, and I know they will work well together for a successful
product implementation."

    About Emphasys:

    Emphasys is a wholly owned subsidiary of Constellation and is a leading
provider of real estate management, financial and compliance software
solutions. Emphasys provides market-leading solutions to organizations
such as Public Housing Authorities and State Housing Finance Agencies.
For further information on Emphasys Software, visit
www.emphasys-software.com, or call 800-968-6884.

    About Constellation:

    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 to address the specific needs
of its customers in those industries.

Contacts:
Constellation Software Inc.
John Billowits
Chief Financial Officer
(416) 861-2279
Email: info@csisoftware.com
Website: www.csisoftware.com

Copyright 2008, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.