Vela Software acquires Atex, a leading provider of content management, advertising and audience commercial software for the global media industry

Date: Sep 07, 2017

Reading, UK – September 6, 2017 – Atex is pleased to announce Vela Software, operating group of Constellation Software Inc. as the new owner of Atex.

Vela is a subsidiary of Constellation Software Inc. (CSI), a Canadian company with headquarters in Toronto and traded on Toronto Stock Exchange. CSI holds a portfolio of different software companies throughout the world, and Atex will be their first investment in a company serving the media industry.

John Billowits, CEO of Vela, commented on the acquisition “We are pleased to welcome the employees and customers of Atex to Vela. Atex represents our first investment in the media sector and we are excited by the opportunity to build on the new products and services that they have invested in.”

Anders Christiansen, CEO of Atex, about the new owner: “I am pleased to welcome CSI as our new owner. We share a common view on the potential of the media industry where focus on new technology and strong service offerings will help media companies with their digital transition. We look forward to developing and delivering great software solutions to new and existing customers around the world.”

Atex will continue to operate as a separate business with the existing Atex management team in place.

About Atex

Atex is a leading provider of content management, advertising and audience commercial software for the global media industry. Atex technologies are helping to power some of the most prestigious, innovative and demanding media companies in 55 countries worldwide. Their commitment to customer excellence is reflected in the quality of their software products, professional services and support teams. From hosted solutions to on-premise systems, Atex is the company that media-rich enterprises prefer as their trusted partner to help build new revenue streams, reduce operating costs and strengthen brand equity.

About Vela

Vela Software acquires, manages, and builds mission-critical vertical market software businesses that are located throughout the world. It works with its companies to improve operations, grow through organic initiatives, and acquire businesses that can strengthen market positioning. Vela is an operating group of Constellation Software Inc. (TSX: CSU), a public company listed on the Toronto Stock Exchange with 6 operating groups that provide software for over 80 vertical markets. Constellation Software Inc. has consolidated revenues exceeding US$2 billion with greater than 11,000 employees located in over 250 offices worldwide.

Should you have any questions please do not hesitate to contact Anders Christiansen (achristiansen@atex.com) or anyone from the Atex management team.