MAXIMUS announced today that it has signed an asset purchase agreement for the sale of its Justice Solutions, Education Systems, and Asset Solutions businesses to Toronto-based Constellation Software, Inc. The transaction is expected to close on September 30, 2008. Total consideration for the transaction is $40 million, including a $35 million cash payment due at closing and a $5 million holdback for one year from closing, subject to a purchase price adjustment and any claims based on representations and warranties.   With the sale of the Justice, Education, and Asset businesses, MAXIMUS will focus principally on its core health and human services program administration and consulting offerings. The ERP division, formerly part of the Systems Segment, will be incorporated into the Consulting Segment, and the three divested Systems businesses will be reported as discontinued operations. The Company will report financial results for its remaining Operations and Consulting Segments as continuing operations.   "Today's announcement fulfills a promise we made to our shareholders to center our operations around our core health and human services offerings," commented Richard Montoni, Chief Executive Officer of MAXIMUS. "With increased operational focus, we expect the benefits to include a more predictable base of recurring revenue and stabilized margin performance. We also create the platform to drive future growth as the leading pure-play provider for the administration of government health and human services programs. This concentration will also allow for the accelerated development of leading-edge services and capabilities built upon our market-leading domain expertise."   Mr. Montoni continued, "We believe this divestiture represents an all around win for MAXIMUS, Constellation, and the employees and clients of both companies. Constellation possesses substantial domain expertise in these specific markets, has a long-standing record of successful software implementations and is therefore best positioned to leverage the core capabilities and opportunities of the intellectual property they are acquiring. We would like to thank the employees of these businesses for their long-standing commitment and dedication to MAXIMUS and we wish them well as part of Constellation."