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Perseus Group Acquires “Cake” and “Journey by Cake” Businesses

Toronto, Canada, June 26, 2019 — Perseus Group, an operating group of Constellation Software Inc. (TSX:CSU), has acquired Cake and Journey by Cake businesses (“Cake”) for performance marketing.

“We are pleased to have acquired Cake,” said Dexter Salna, President of Perseus Group. “Their strong management team and focus on serving performance marketing customers make them a promising addition to Perseus Group.”

Launched in 2010, Cake is a leading global provider of performance marketing software. Cake enables its customers’ affiliate marketing and lead distribution operations.

“Perseus Group has a proven track record of delivering long-term value and stability to the companies it invests in,” said Santi Pierini, President of Cake. “We’re happy to be a part of Perseus and look forward to leveraging their stability, expertise and long-term view to grow Cake and better serve our customers.”

About Perseus Group

Perseus Group is an operating group of Constellation Software Inc. and it acquires and invests in software businesses that are committed to providing long-term solutions and life-long partnerships to customers.

About Cake

Cake is a global provider of performance marketing software that empowers more than 500 advertisers, networks, and publishers. It allows them to manage, measure, and optimize their digital marketing campaigns in real-time. Established in 2010, Cake specializes in providing precise, intelligent, and transparent solutions for affiliate marketing and lead distribution. Cake is headquartered in Newport Beach, with operations in London and New Delhi.

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