JPM has advised Constellation Software Inc. on the acquisition by its Vela Operating Group division and subsidiary Aquila Software of the IN2 Group.
According to JPM, IN2, "was founded by the Croatian software group in 2009 and is known for its solutions in the public sector, insurance, pension and investment funds and ERP and BI solutions.
Founded in 1995, Constellation Software is headquartered in Toronto. IN2, which is headquartered in Zagreb, Croatia, provides software solutions in the government, finance, insurance, healthcare, corporate, and other industries in the Adriatic region.
JPM did not reply to an inquiry about the deal.
Editor’s Note: After this article was published CEE Legal Matters learned that the JPM team consisted of Senior Partner Jelena Gazivoda and Partner Nikola Djordjevic.