Acquirer Profile: 9 Vela Software acquisitions

January 4, 2023

Acquisitions are well known to be a growth catalyst for businesses within a highly competitive market. For many firms and institutions, acquisitions are sometimes the only hope for survival in a competitive landscape. 

Within the digital economy today, firms within the same industry are looking to beat the competition by gaining access to new disruptive technologies through acquisitions. Vela Software is one of many M&A firms helping SaaS businesses gain competitive advantage through acquisitions.

Vela Software is a family of enterprise software companies focused on acquiring, managing and building world-class businesses. At Vela, they leave acquired businesses as decentralized stand-alone entities and provide vertical market software expertise to help them attain organic growth. Here is a curated list of companies acquired and managed by Vela Software Group. 

As one of many promising acquisition firms, Vela Software has acquired 9 companies, including 8 in the last 5 years. So we curated a list of SaaS companies acquired by Vela software below.

1. Foresiight

Acquisition amount: Not disclosed

Acquired: 2020-02-28

Headquarters: Qadima, HaMerkaz, Israel

Industry: Enterprise Applications, Software

What they do: Foresiight is a company that develops, implements and supports businesses with all-in-one business management software.

2. Coreworx

Acquisition amount: Not disclosed

Acquired: 2018-10-01

Headquarters: Kitchener, Ontario, Canada

Industry: Cloud Computing, Enterprise Software, Software

What they do: Coreworx, a web-based enterprise software system, enables EPCs and owner-operators to automate best practices and improve performance.

3. Escriba

Acquisition amount: Not disclosed

Acquired: 2021-09-29

Headquarters: Curitiba, Parana, Brazil

Industry: Information Services, Information Technology

What they do: Escriba is an Information Technology Company that developing solutions for Notarial and Registrar areas.

4. Navarik

Acquisition amount: Not disclosed

Acquired: 2020-09-04

Headquarters: Vancouver, British Columbia, Canada

Industry: Information Technology, Insurance, Software, Supply Chain Management, Trading Platform

What they do: Navarik is a software service provider to the petroleum supply and trading industry.

million dollar payout

5. Kurier

Acquisition amount: Not disclosed

Acquired: 2020-04-13

Headquarters: Recife, Bahia, Brazil

Industry: Analytics, Legal, Legal Tech, Software

What they do: Kurier offers a data analytics platform so legal firms can monitor all the happenings going on within the Brazilian justice system.

6. Tecplot

Acquisition amount: Not disclosed

Acquired: 2016-05-16

Headquarters: Bellevue, Washington, United States

Industry: Computer, Software

What they do: Tecplot is a provider of visual data analysis.

7. Atex

Acquisition amount: Not disclosed

Acquired: 2017-09-06

Headquarters: Reading, Reading, United Kingdom

Industry: CMS, Content, Information Technology, Publishing, Software

What they do: Atex is the media industry's leading supplier of software systems and services. With a 37-year track record of continuous innovation and a

8. Geovariances

Acquisition amount: Not disclosed

Acquired: 2022-06-02

Headquarters: Fontainebleau, Ile-de-France, France

Industry: Information Technology, Software

What they do: Geovariances is a software company provides geostatistics solutions for mining, oil and gas and also the environmental field.

9. Petrosys

Acquisition amount: Not disclosed

Acquired: 2017-07-19

Headquarters: Adelaide, South Australia, Australia

Industry: Energy, Oil and Gas

What they do: Petrosys is an oil and gas technology company.


Vela Software is a global provider of software solutions to a number of vertical industries and a well-known acquirer of world-class software businesses. With a few acquisitions attached to its profile, Vela software is one of many acquiring firms to look out for in 2023.

This concludes our list of acquisitions made by Vela Software.

Want to learn more about Constellation Software's subsidiaries? Check out our deep dives on Harris, Volaris and Jonas Software. Or Valsoft, their competitor.

About the author
Paul Apronti

Paul Apronti is a growth marketer for BitsForDigits. His background is in SEO, marketing and sales.

Get a FREE valuation

Flippa’s free valuation tool is powered by data from thousands. It’s fast and it’s accurate.

Get Started