DerbySoft Group transaction with Constellation Software’s Juniper Group officially closed | News
DerbySoft Group, a global leader in high-quality connectivity and distribution for the travel industry, and Juniper Group, an operating group of Vela Software and part of Constellation Software Inc. (TSX: CSU), today announced the completion of Juniper Group’s previously announced acquisition of a majority stake in Derbysoft. With the transaction complete, DerbySoft Group, including PKFARE, has joined Juniper Group’s portfolio of vertical market software companies and will continue to operate independently under its existing leadership team, led by Ted Zhang as Chief Executive Officer.
The addition of DerbySoft strengthens Juniper Group’s global travel footprint, expanding its presence in key markets, especially the US and Asia, while strengthening its continued investments in travel and hospitality technology.
“Our focus has always been on helping our partners manage complexity and grow their businesses,” said Ted Zhang, CEO of DerbySoft Group. “What stood out to us about Constellation Software and Juniper Group is their long-term approach and commitment to allowing businesses to operate independently. This gives us the confidence to stay focused on our customers, our roadmap and the opportunities ahead, while also benefiting from being part of a broader travel technology ecosystem that can help us deliver even more value over time.”
“At Juniper Group, we are focused on building a long-term home for exceptional software companies, while preserving what makes them successful,” said Jaime Sastre, CEO of Juniper Group. “DerbySoft plays an important role in the global travel landscape and we are excited to support its continued independent growth. The addition of DerbySoft expands our presence in key markets including the US and Asia, strengthens our broader travel ecosystem and increases our ability to create more value across the network over time, while allowing each business to operate with the focus and autonomy that drives long-term success.”
DerbySoft will align with Constellation Software’s established financial and operational standards to support long-term sustainable performance. The platform, which includes connectivity, AI-driven marketing and content solutions, will continue to evolve in line with the current roadmap.
“DerbySoft’s mission remains unchanged,” Zhang added. “We help our customers address complex travel commerce needs through our connectivity, marketing and content solutions.”
