Constellation Software completed the spin off of Topicus for $2bn.

Constellation Software, a software developer, completed the spin off of Topicus, a vertical market software provider, for $2bn. The Spin-Out Shares have been conditionally approved for listing on the TSX Venture Exchange, subject to Topicus.com’s fulfillment of final listing requirements. Trading of the Spin-Out Shares on the TSX Venture Exchange is expected to begin on or about February 1, 2021. “The creation and spinout of Topicus.com enables us to stand fully on our own feet and focus on our ambition to build a leading European Vertical Market Software company while still being part of Constellation Software’s global ecosystem. Topicus.com will operate on a strongly decentralized basis, providing for autonomy, entrepreneurship and identity to all of our business units while maintaining our competitive advantage of exchanging best practices on a global scale and creating a great learning environment to our employees supporting us to deliver value to our customers," Robin van Poelje, Topicus Chairman.