Burnaby, BC, Canada (23 July 2024) – Volaris Group (“Volaris”), an operating group of Constellation Software Inc., is pleased to announce the acquisition of Squirrel Systems Inc. (“Squirrel”), a leading technology provider to the hospitality industry.
Squirrel has been a provider of point-of-sale solutions to the hospitality industry for 40 years. Squirrel revolutionized the industry with the first touchscreen restaurant POS system in 1984 and continues to introduce innovative solutions to streamline restaurant operations and elevate the guest experience. Squirrel’s on-premises and cloud-native solutions power food & beverage operations at many recognized brands across the hospitality industry, from independent restaurants to multi-unit chains to hotels, resorts, and casinos. Learn more at www.squirrelsystems.com.
Akash Sahai served as advisor to Squirrel in relation to the transaction.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies. As an operating group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com.
About Constellation Software Inc.
Founded in 1995, Constellation Software (TSX: CSU) is an international provider of software and services to several public and private sector industries. With over 125,000 customers in over 100 countries and a proven track record of solid growth, Constellation has established a broad portfolio of software businesses to provide their businesses and shareholders with exceptional returns. Constellation Software has generated significant cash flows and revenue growth since its inception in 1995. This solid financial foundation allows Constellation to provide their operating groups, like Volaris, with capital to invest in portfolio companies. Learn more at www.csisoftware.com.
For more information, please contact:
Jason Leeson
President
jleeson@squirrelsystems.com