Companies × risks
Constellation Software
Constellation Software is a buy-and-hold acquirer of vertical-market software businesses, with AI activity distributed across its portfolio. Internal surveys show 61% of business units using AI in R&D and 50% in sales/marketing, with a formal AI Centre of Excellence and AI Accelerator programme at the subsidiary level (Volaris Group).
We reviewed 3 public documents from Constellation Software and found it acknowledges 2 of 24 AI risks: discrimination and devaluation of human creativity.
Sector: Information
Roles: AI deployer
AI risks Constellation Software acknowledges
- Discrimination: “The use of AI in our businesses may generate risks with respect to ... perceived or actual bias, discrimination” (Constellation Software - Q4 2025 MD&A)
- Devaluation of human creativity: “The use of AI in our businesses may generate risks with respect to ... intellectual property infringement or misappropriation” (Constellation Software - Q4 2025 MD&A)
Documents we reviewed
- Annual Information Form 2025 (Annual report, 2025)
- Constellation Software - Q4 2025 MD&A (Investor materials, 2025)
- Constellation Software INTERIM FINANCIAL REPORT Q3 2025 (Investor materials, 2025)