Brisbane, Australia – 28 February 2020 – Vela Software Group announced today that it has acquired the shares of Foresiight Software Pty Ltd (“Foresiight”), trading through its subsidiary Vela Australia. Established in 1981, Foresiight Pty Ltd is an Australian software company that integrates point of sale, accounting, stock control and mobile commerce applications with their solutions ProfiitPlus, Alchemii and Liinc. Foresiight focus on a number of different industries such as Building & Hardware, Pharmacy, Tools & Industrial and Automotive.
“Foresiight is a tremendous team of individuals that due to their domain knowledge and close relationships with their clients have had great success in the market. All characteristics we value highly. We are excited to welcome them to the Vela Australia family and look forward to working closely with them,” said Ian Whiting, CEO of Vela Australia. “We know that the leadership at Foresiight have set high goals for themselves to achieve their vision and provide great value to their clients and we are happy to assist in that focus”.
About Vela Australia:
Vela Australia, as part of Vela Software Group acquires, manages, and builds mission-critical vertical market software businesses. We are a portfolio of Wholesale and Distribution, Fashion and General Retail, Light Manufacturing, and Government software businesses that have a presence in Australia, New Zealand and Asia-Pacific. We provide vertical market software expertise, operational support, and capital to help our businesses grow organically and through acquisitions.
Vela is an operating group of Constellation Software Inc. (TSX: CSU), a public company listed on the Toronto Stock Exchange.
Further information concerning Vela Australia may be obtained through their website at www.velasoftwaregroup.com.au