Acquirer Profile: 9 Vela Software acquisitions

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. 

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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.

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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. 

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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.

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1. Foresiight

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Acquisition amount: Not disclosed

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Acquired: 2020-02-28

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Headquarters: Qadima, HaMerkaz, Israel

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Industry: Enterprise Applications, Software

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

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2. Coreworx

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Acquisition amount: Not disclosed

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Acquired: 2018-10-01

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Headquarters: Kitchener, Ontario, Canada

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Industry: Cloud Computing, Enterprise Software, Software

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

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3. Escriba

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Acquisition amount: Not disclosed

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Acquired: 2021-09-29

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Headquarters: Curitiba, Parana, Brazil

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Industry: Information Services, Information Technology

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

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4. Navarik

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Acquisition amount: Not disclosed

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Acquired: 2020-09-04

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Headquarters: Vancouver, British Columbia, Canada

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

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

5. Kurier

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Acquisition amount: Not disclosed

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Acquired: 2020-04-13

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Headquarters: Recife, Bahia, Brazil

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Industry: Analytics, Legal, Legal Tech, Software

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

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6. Tecplot

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Acquisition amount: Not disclosed

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Acquired: 2016-05-16

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Headquarters: Bellevue, Washington, United States

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Industry: Computer, Software

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

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7. Atex

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Acquisition amount: Not disclosed

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Acquired: 2017-09-06

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Headquarters: Reading, Reading, United Kingdom

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

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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

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8. Geovariances

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Acquisition amount: Not disclosed

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Acquired: 2022-06-02

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Headquarters: Fontainebleau, Ile-de-France, France

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Industry: Information Technology, Software

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

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9. Petrosys

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Acquisition amount: Not disclosed

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Acquired: 2017-07-19

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Headquarters: Adelaide, South Australia, Australia

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Industry: Energy, Oil and Gas

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

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Conclusion

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.

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This concludes our list of acquisitions made by Vela Software.

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