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Record year for Constellation Software, our Parent Company

Updated: Apr 18, 2023

A huge thank you to our customers.

by Infocouncil Team | 14th April 2023 | General News

Our parent company, Constellation Software has recorded another successful year in 2022, with revenue growth of 34% to $US1,847 million. Revenue growth was achieved from 2 sources, organic growth and revenues from new software companies join the group. We invested $US1, 875 million in acquiring new software companies, with the group now well exceeding 800 companies.

To our clients, you, and our team this means continuing security, so very important is our challenging and changing economy. We are seeing numerous technology companies materially reducing staff levels and some collapsing. This often means reduction development investment and/or reduction in service quality and timeliness. As the need for councils to increase efficiency accelerates, having a vendor which is investing heavily in development and services is crucial.

Thank you all for your very important contribution.


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