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Constellation Software Inc. And Lumine Group Inc. Complete Purchase Of Wideorbit Inc. And Lumine Group Spin-Out

Feb 22, 2023

Acquiring Company

Lumine Group

Acquired Company

WideOrbit

TorontoTorontoSoftwareInformation TechnologySoftwareArtificial IntelligenceEnterprise SoftwareIT Managementinformation technology & services

Description

Constellation Software Inc. (“Constellation”) (TSX:CSU) and its subsidiary Lumine Group Inc. (“Lumine Group”) announced today they have completed the previously announced agreement and plan of merger to purchase (the “Acquisition”) 100% of the shares of WideOrbit Inc. (“WideOrbit”), a US-based media vertical market software provider. WideOrbit is now a wholly owned subsidiary of Lumine Group and will operate as an autonomous business unit within Lumine Group’s portfolio of companies.

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Company Information

Company

Lumine Group

Location

Toronto, Ontario, Canada

About

Lumine Group is a leading global acquirer of communications & media software businesses. Lumine empowers businesses to grow by providing an ecosystem with access to a network of global, like-minded professionals, customers, and partners. Lumine Group is a division within Volaris Group, a subsidiary of Constellation Software Inc. (TSX:CSU). Learn more at www.luminegroup.com and via LinkedIn.

Company

Constellation Software

Location

20 Adelaide Street East

Toronto, Ontario, Canada

About

Constellation Software Inc. is a Canadian multinational company based in Toronto, specializing in acquiring and managing vertical market software (VMS) businesses. Founded in 1995 by Mark Leonard, the company focuses on developing mission-critical software solutions tailored to specific industries. It operates through six main groups and serves customers in over 100 markets worldwide, employing more than 50,000 people and generating consolidated revenues exceeding US$6 billion. The company offers a wide range of enterprise software solutions that automate and optimize business processes across various sectors, including communications, biosciences, financial services, education, and healthcare. Constellation Software serves a diverse clientele, with approximately 67% of its revenue coming from public sector clients and 33% from private sector customers. Its strategic approach includes acquiring smaller software companies, which has allowed it to build a robust portfolio and maintain consistent growth.

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Frequently asked

Who acquired WideOrbit?

WideOrbit was acquired by Lumine Group, based in Toronto. The deal was reported on February 22, 2023. Lumine Group is a leading global acquirer of communications & media software businesses. Lumine Group is privately held and operates in Software.

When did Lumine Group acquire WideOrbit?

Lumine Group's acquisition of WideOrbit was reported on February 22, 2023. Constellation Software Inc. (“Constellation”) (TSX:CSU) and its subsidiary Lumine Group Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does WideOrbit do?

WideOrbit is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.