- Constellation Software (CSU) subsidiary Lumine Group has signed an agreement to acquire Titanium Software Holdings Inc.
- The acquisition is scheduled to close in the first quarter of 2023
- Titanium provides signalling and security software serving the global telecom and government industries
- Lumine Group acquires software businesses in the communications and media industries
- Constellation Software Inc. (CSU) opened trading at C$2,364.70
Constellation Software (CSU) subsidiary Lumine Group has signed an agreement to acquire Titanium Software Holdings Inc.
Titanium provides platforms for telecommunication and government organizations to build out global carrier networks and secure private communication services.
The acquisition is scheduled to close in the first quarter of 2023.
Titanium’s core focus is signalling, routing, subscriber data management, and security, allowing network operators to virtualize their core network functions and interoperate legacy and next-gen networks. Titanium’s solutions can be found in over 85 countries.
“Titanium will be a welcomed addition to our growing signalling and security software portfolio within Lumine,” said Tony Garcia, Group Leader at Lumine.
“Upon meeting the Titanium team, we were impressed with their virtualized signalling and security platform, offering what has traditionally been in a private on-premise data center. We look forward to working with the Titanium team to build on their impressive history and explore opportunities for further innovation and growth. It will be fantastic to connect with the team in-person at Mobile World Congress in Barcelona. We invite any interested parties to learn more about Titanium by visiting their booth at the show.”
“We are thrilled to be bringing Titanium to Lumine Group,” said Kevin Peters, CEO of Titanium.
“Lumine is a great fit for our innovative team and a perfect environment for our platforms. Most importantly, this new chapter provides exciting opportunities to increase our ability to continue serving our marquee global customer base. We are excited to be sharing this announcement with our customers and partners in anticipation of the industry’s premiere event, Mobile World Congress.”
Titanium Software’s products serve the global telecom and government industries, including the world’s top 10 largest telecom providers.
Constellation Software Inc. (CSU) opened trading at C$2,364.70.