Tag Archives: Constellation Software

The Hercules Portfolio of Andromeda Software Inc., an Operating Group of Constellation Software Inc. (TSX: CSU), Acquires Peocit Software Solutions Pvt. Ltd.

Peocit provides banking and lending solutions to financial institutions across India

HUNT VALLEY, Md. and PUNE, India, May 18, 2026 (SEND2PRESS NEWSWIRE) — The Hercules Portfolio of Andromeda Software Inc. (“Andromeda”), an operating group of Constellation Software Inc. (TSX: CSU), announced that it has acquired Peocit Software Solutions Pvt. Ltd. (“Peocit”). Founded in 2002, Peocit is a provider of core banking and lending software solutions and services with multi-lingual functionality, serving more than 4,000 cooperative societies, non-banking financial companies (NBFCs) and other financial institutions across India. Through this acquisition, Peocit joins the Hercules Portfolio and will continue delivering its solutions and services across the financial services sector.

Image caption: Andromeda Software Inc.

The acquisition strengthens Andromeda’s portfolio of software and technology businesses by adding Peocit’s specialized banking technology capabilities and its established customer relationships throughout India. Peocit has built its reputation by delivering reliable solutions that help institutions manage core operations, streamline lending workflows and improve the overall customer experience. This acquisition also reflects Andromeda’s continued commitment to growing its presence in India and expanding its international portfolio through Hercules.

“Peocit is exactly the kind of business we look for: strong products, loyal customers and a team that has built something that genuinely matters to the people it serves,” said Bonnie Wilhelm, Andromeda’s chief executive officer. “India’s financial services sector is one of the most dynamic in the world, and Peocit is well-positioned within it. What we offer is more than capital; it is a permanent home. Constellation Software has a long and proven track record of acquiring businesses and holding them forever, investing in their growth and their people for the long term. We are proud to welcome Peocit into the Andromeda family and committed to being the kind of partner they, and their customers, can count on for decades to come.”

Peocit founders Abhijit Nangare, Deepak Surana and Shrikant Mulay stated: “Joining the Andromeda family marks a significant milestone for Peocit and the team we have built. From our earliest conversations, it was clear that this partnership was rooted in a shared commitment to our customers and our people. We are confident that Andromeda is the right home for Peocit. This will ensure not only the business’s longevity but also its sustained growth. As founders, we are proud of what Peocit has achieved. Together with Andromeda, we will continue delivering best-in-class software products with unmatched customer service, unlocking tremendous value for every stakeholder.”

Terms of the deal were not disclosed.

About the Andromeda Operating Group of Constellation Software Inc.

Andromeda Software Inc., an operating group of Constellation Software Inc., acquires and invests in software companies that provide mission-critical solutions for the industries they serve. For more information, visit https://www.csiandromeda.com/.

NEWS SOURCE: Andromeda Software Inc.

This press release was issued on behalf of the news source (Andromeda Software Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/the-hercules-portfolio-of-andromeda-software-inc-an-operating-group-of-constellation-software-inc-tsx-csu-acquires-peocit-software-solutions-pvt-ltd/

Dark Matter Technologies names Vikas Rao CEO to lead next chapter of growth

Leadership transition positions company for AI-first execution and a faster pace of innovation

JACKSONVILLE, Fla., April 16, 2026 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced the appointment of Vikas Rao as chief executive officer. Rao, who has served as chief technology officer since 2025, succeeds Sean Dugan and will lead the company’s next phase with a focus on translating its technology leadership into stronger growth.

Photo caption: Dark Matter Technologies names Vikas Rao CEO.

Dark Matter has built a strong foundation in product innovation, including early leadership in applying AI within mortgage origination, positioning the company to compete more effectively as the industry continues to shift.

“Dark Matter has built meaningful technology advantages in a market that is being reshaped by AI, automation and a faster pace of change,” said Bonnie Wilhelm, CEO of Constellation Software’s Andromeda Operating Group. “This leadership transition reflects a clear decision to align the company with where the market is going and to turn that advantage into sustained growth. Vikas has been at the center of that shift and is the right leader to carry it forward.”

“We are reshaping how we build, operate and go to market to match where the technology is going,” said Rao. “That means embedding an AI-first approach across the entire organization so we can move faster and deliver more effectively. Our clients will feel that pace of innovation. That is the measure that matters most.”

Rao brings more than 15 years of experience in software engineering, product management and mortgage technology leadership. Prior to joining Dark Matter, he led product strategy at Ellie Mae, where he was responsible for the Encompass lending platform along with the Developer and Partner ecosystems.

As part of the transition, Dark Matter is making further changes to its leadership structure and targeted organizational adjustments, including a reduction in force, to align its operating model with its strategic priorities. Dark Matter continues to operate with the support of Constellation Software’s Andromeda Operating Group. The company’s product roadmap, customer commitments and day-to-day operations remain unchanged.

ABOUT DARK MATTER TECHNOLOGIES:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry’s leading providers, Dark Matter Technologies delivers powerful technology with unparalleled automation and relentless innovation to leading mortgage lenders, servicers and companies nationwide. For more information, visit https://www.dmatter.com.

MULTIMEDIA

Photo link for media: https://www.Send2Press.com/300dpi/26-0416-s2p-vikasrao-300dpi.webp

Photo caption: Dark Matter Technologies names Vikas Rao CEO.

Logo link: https://dmatter.com/wp-content/uploads/dark-matter-logo.svg

NEWS SOURCE: Dark Matter Technologies

This press release was issued on behalf of the news source (Dark Matter Technologies), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/dark-matter-technologies-names-vikas-rao-ceo-to-lead-next-chapter-of-growth/

TMC Emerging Technology Fund Announces Newest Corporate Partner: Andromeda Division Constellation Software’s Perseus Operating Group

AUSTIN, Texas /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP has secured its first corporate partner, Andromeda. Andromeda is a Division of the Perseus Operating Group, of Constellation Software, Inc. (TSX: CSU; "Constellation"). Constellation is a long-term investor and operator of over a thousand software companies in multiple vertical markets with a cumulative investment of over $10 billion. Andromeda builds, acquires, and invests in financial software companies that provide mission-critical solutions for the mortgage industry.

"We are excited to partner with The Mortgage Collaborative through their Emerging Technology Fund," said Bonnie Wilhelm, Chief Executive Officer at Andromeda. "TMC's deep industry expertise and focus on innovation perfectly aligns with our own commitment to supporting growth in the mortgage technology sector. Together, we can identify and invest in promising companies that are shaping the future of lending."

"We could not be more thrilled to welcome Andromeda to our program. In addition to strengthening our investment capacity, we look forward to closely collaborating with their team and benefitting from their considerable industry experience to help us make smart, strategic investments," commented Sandy Selman, General Partner of the TMC Emerging Technology Fund LP.

About TMC Emerging Technology Fund LP

TMC Emerging Technology Fund LP (the "Fund") is a specialist fintech fund explicitly focused on the mortgage industry and immediately adjacent verticals. Its Limited Partners consist of some of the most technology-forward lender members of TMC and help the Fund understand where the industry is headed, what will work, what won't and why. The Fund continues to look for investments in exciting companies that will have the most profound impact on this multi-trillion-dollar industry. For more information, please reach out to info@tmctechfund.com.

About Andromeda

Andromeda is a global investment firm specializing in acquiring and investing in mission-critical software companies. It partners with exceptional entrepreneurs to scale businesses that serve essential needs across a wide range of industries. Andromeda's long-term approach empowers management teams to drive sustainable growth and achieve enduring success. In the mortgage industry, our businesses include Optimal Blue, Dark Matter Technologies, Constellation Mortgage Solutions, Axacore and ReverseVision. Together, our business units work tirelessly to empower lenders on the front lines with innovative solutions designed to lower origination costs in a regulatory-compliant manner. For more information, visit https://www.csiandromeda.com

About The Mortgage Collaborative

The Mortgage Collaborative The Mortgage Collaborative (TMC) is a membership-driven* organization dedicated to empowering mortgage lenders across the United States through networking, education, and advocacy. Our goal is to support the success of our members by fostering an environment of collaboration and innovation. For more information, visit http://www.mortgagecollaborative.com/

The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP has secured its first corporate partner, Andromeda. Andromeda is a Division of the Perseus Operating Group, of Constellation Software, Inc. (TSX: CSU; "Constellation").

Related link: https://www.mortgagecollaborative.com

Optimal Blue Names Joe Tyrrell Chief Executive Officer

PLANO, Texas /ScoopCloud/ -- Optimal Blue today announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue's parent company, Constellation Software Inc.

Tyrrell brings over 25 years of experience in the mortgage, finance, and technology industries to Optimal Blue. This includes serving as president of ICE Mortgage Technology, as well as in various leadership roles at Ellie Mae, including chief operating officer, prior to its acquisition in 2020. Most recently, Tyrrell served as the CEO of Medallia, a customer and employee experience company.

"I have always been attracted to companies that make their clients' success their top priority, and that is especially true with Optimal Blue, the clear market leader in secondary marketing technology," said Tyrrell. "For the past year and a half, I have been delivering innovation and real generative AI capabilities to the largest and most trusted consumer, health care, hospitality, financial services, and technology brands in the world, and I am excited to now bring those capabilities to Optimal Blue's lenders and partners in an industry that I love."

Smith will continue his role within Constellation Software, where he serves as president of Andromeda, the portfolio in which Optimal Blue operates. In addition to overseeing the CEO transition, Smith will continue supporting the success of the Optimal Blue business through his position.

"It was a priority to identify the right leader to support our investment in Optimal Blue and the long-term success of the business," said Smith. "We've found that and more with Joe Tyrrell, who is passionate about client relationships and innovation - two tenets that have been core to Optimal Blue's culture throughout its decades as a market leader. Joe's extensive experience in this industry affords him a fundamental understanding of the needs and challenges lenders face and ways innovative technology and real-time data can solve them. Along with the other leaders within the Andromeda portfolio of Constellation Software, I look forward to continuing to support the success of Optimal Blue under Joe's leadership."

About Optimal Blue

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry's only end-to-end capital markets platform. The company helps lenders of all sizes and scopes operate profitably and efficiently so they can fulfill the momentous role of helping American borrowers achieve the dream of homeownership, regardless of market dynamics. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between.

To learn more, visit http://OptimalBlue.com/.

Optimal Blue today announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue's parent company, Constellation Software Inc. Tyrrell brings over 25 years of experience in the mortgage, finance, and technology industries to Optimal Blue.

Related link: https://www2.optimalblue.com/

Optimal Blue Announces ‘Optimize Your Advantage’ to Showcase How Its Capital Markets Platform Puts Lenders in Control of Their Margins

PLANO, Texas /ScoopCloud/ -- Optimal Blue announced the launch of its Optimize Your Advantage campaign in advance of the MBA Secondary and Capital Markets Conference. This comprehensive brand initiative highlights the value and innovation the company delivers to clients. Through Optimal Blue's position as the housing industry's only end-to-end capital markets platform, lenders and other market participants have greater control of their profit margins, giving them distinct advantages, regardless of market conditions. In turn, they are better positioned to make housing finance accessible to more American borrowers.

"'Optimize Your Advantage' illustrates how Optimal Blue helps lenders effectively manage and significantly improve their return on investment," said Sara Holtz, chief marketing officer of Optimal Blue. "There are benefits to working with a nimble partner like Optimal Blue that can anticipate and quickly deliver the innovations clients need to operate efficiently and profitably. In turn, these lenders can help more borrowers fulfill the dream of homeownership - a momentous purpose that requires a proven partner with the technology, network, data, and expertise necessary to succeed in dynamic markets. We're incredibly proud of the fact that Optimal Blue is the only provider that delivers on these needs from pricing accuracy to pipeline risk management, and every step in between."

The campaign showcases the interconnectedness of Optimal Blue's ever-growing network. Through an API-first approach, the company bridges critical connections between the primary and secondary mortgage markets to the benefit of the larger industry. This network brings together hundreds of thousands of individual lenders, investors, brokers, and vendors to yield constant value by way of knowledge-sharing and real-time, competitive benchmarking.

Further, Optimal Blue's technology and data offerings form a critical, complete, and scalable capital markets infrastructure - from the time an American borrower looks into homes they can afford in terms of accurate product and pricing options, to when a lender considers originating a mortgage, through rate locking, counterparty oversight, pipeline hedging, securitization and trading, and on through the valuation of mortgage servicing rights and portfolio monitoring for additional lead generation opportunities.

The company was acquired by Constellation Software in September 2023, and this new campaign marks Optimal Blue's continued commitment to the future of mortgage lending and secondary marketing. Through Constellation's independent ownership model, Optimal Blue operates as a distinct entity with access to resources and best practice sharing from its parent company.

"Optimal Blue has been setting the pace of innovation and product delivery in the capital markets space for decades, and a key to that long-term success is our company's ability to continuously innovate and evolve for the market's needs," said Scott Smith, interim CEO of Optimal Blue and president of Andromeda, Constellation Software. "Our clients are the driving motivation behind everything we do, and we're pleased to shine a light on the unique value Optimal Blue brings to their success."

The campaign will include efforts to further enhance Optimal Blue's existing client advocacy program, through which the company solicits client feedback that is used to directly inform innovation. Enhancements to the advocacy program will include additional value-add forums for clients, as well as new brand initiatives to showcase Optimal Blue's value in action through client spotlights.

About Optimal Blue

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry's only end-to-end capital markets platform. The company helps lenders of all sizes and scopes operate profitably and efficiently so they can fulfill the momentous role of helping American borrowers achieve the dream of homeownership, regardless of market dynamics. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between.

To learn more, visit https://www2.optimalblue.com/.

Optimal Blue announced the launch of its Optimize Your Advantage campaign in advance of the MBA Secondary and Capital Markets Conference. This comprehensive brand initiative highlights the value and innovation the company delivers to clients. Through Optimal Blue's position as the housing industry's only end-to-end capital markets platform, lenders and other market participants have greater control of their profit margins, giving them distinct advantages, regardless of market conditions.

Related link: https://www2.optimalblue.com/