Constellation's Volaris Buys Insurance Software Company
Volaris Group Inc., a division of Toronto software company Constellation Software Inc., has acquired Information Distribution & Marketing Inc., a Warner Robins, Georgia-based provider of property and casualty insurance administration software to regional insurance companies and agents. Financial terms of the transaction were not published. Constellation is a portfolio investment of Canadian buyout firm OMERS Private Equity, which has backed the company since 2000. OMERS sold part of its stake in the company in 2012 for gross proceeds of C$173 million.
22 February 2013•2 mins read
