Vela Acquires SeaRoc
Vela Software Group (Vela), an operating group of Canadian public company Constellation Software Inc. (TSX:CSU) is pleased to announce it has acquired SeaRoc Group Ltd ("SeaRoc") based in Chichester, UK.
Going forward, SeaRoc (now Ascertra-SeaRoc Limited) will operate as an independent business unit within Vela.
"Despite past successes, it was very important that SeaRoc found a new partner to maximise its growth potential in these expanding and innovative markets. In Vela, we believe we have found that partner.
Their successes across their existing SaaS portfolio demonstrate the value added of their best practices, financial guidance, and business focus. Their customer-focused culture aligns with SeaRoc's personality and the team's desire to offer customers the best solutions and support. We look forward to an exciting and prosperous future together."
—Ian Sellwood, MD of SeaRoc
"We are very excited to welcome the SeaRoc team into the Vela family. As an industry leader in software and service solutions for challenging site management environments, we expect to continue and grow their excellent customer advocacy and reputation under our ownership. SeaRoc brings us further strengths in markets that we consider core for our future expansion and we have high expectations for its future.
As always, we look forward to combining SeaRoc's deep industry expertise with the Vela group's financial strength and operational expertise in order to provide customers with industry-leading solutions."
—Gabor Czegledy, CEO, Portfolio Manager at Vela
About Vela
Vela is a global provider of software solutions to several vertical industries. As an Operating Group of Constellation Software, Vela acquires, manages, and builds specific software businesses which provide specialized, mission-critical software solutions. Vela companies invest in becoming leaders in their industries and to better serve their customers. We help companies improve their operations, grow through organic initiatives, and seek acquisitions that can strengthen their market position.
