Constellation announces various management changes and the formation of a venture capital fund
The company declared its definitive plans to create a venture capital fund consisting of $200.0 million dollars. This fund will financially support software companies in the vertical market. More specifically, the only businesses to be invested in by this fund will be those that have the possible ability to become an independent business unit within Constellation Software Inc. Furthermore, the majority of the staff hired for operations related to the Fund will be from outside of Constellation, which will receive compensation based on the results generated from the Fund.
Structural|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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