Perseus Group ("Perseus"), an operating group of Constellation Software Inc. (TSX: CSU; "Constellation"), today announced that it has completed the purchase of a worldwide exclusive license to Honeywell's OptiVision for the pulp and paper industry. OptiVision is a leading Order to Cash system providing order management, planning, manufacturing execution, warehousing and shipping. The license will be administered by OPTIVIQ Inc., a company within Perseus. The license also includes the rights to Honeywell's Quality OptiMiser.

This acquisition further expands Perseus' global footprint in the pulp and paper industry, having already established a strong presence with MAJIQ, Quality Engineered Systems, Ediwise, and MOPSsys.

Peter Litka has been named as the President and General Manager of OPTIVIQ, bringing over three decades of pulp and paper software experience. "We are excited to support the OptiVision install base with a strong dedication to the product's future and the industry," said Mr. Litka. "Recognising that OptiVision is essential software for our customers, we are committed to providing robust, reliable solutions and exceptional support."

"OptiVision is a great addition to our portfolio, and we will bring the Perseus vision of 'Software for Life' to bear with an eye towards setting customers up for success for the long-term," said Steve Latham, Manager of the Manufacturing Software Portfolio in Perseus. "Peter will be an excellent champion of the customers of OptiVision."

OPTIVIQ will be a great team to support, enhance, and maintain OptiVision, sustaining it for customers who we know have made a significant long-term investment in running their operations using OptiVision and Quality OptiMiser.