Deerfield, IL – 13 August 2012 Friedman Corporation, a wholly-owned subsidiary of Constellation Software, Inc. (“Constellation”, TSX: CSU) announces that it has acquired CORESense Inc.
CORESense offers an all-in-one, full-featured ecommerce and retail management software solutions for multi-channel retailers and direct to consumer manufacturers, through its hosted solution. CORESense’s cloud-based application supports a broad range of specialty retailers including; Fashion and Apparel, Footwear, Automotive Aftermarket and Sporting Goods, with a customer base throughout North America. CORESense has its headquarters in Saratoga Springs, New York.
As a result of the purchase, CORESense will become part of Constellation’s Friedman Operating Group, and will continue to operate as an independent division of Friedman. CORESense will continue to develop, enhance, and sell ecommerce and retail management software solutions while continuing to provide the highest level of support to their customers.
Eric Herrmann, Chief Financial Officer of the Friedman Operating Group, comments “The acquisition of CORESense compliments the Friedman Operating Group’s markets and product portfolio. The CORESense product offering will enable us to further grow our presence in the distribution, fulfillment and retail management market sectors across specialized industries and demonstrates our continued investment in this sector.”
Chris Martin, CEO of CORESense, adds “This is an exciting development for both CORESense and its customers. The acquisition by Friedman provides us a strong corporate platform and access to resources and expertise which will allow us to improve our product portfolio and extend our market reach, while at the same time continuing to provide first-class service to our customers.”