13 October 2022 – Vela Industries Group is pleased to announce the acquisition of Scenario, a leader in project delivery and project control software. Scenario is used on large and complex projects in the infrastructure, construction, power, property development and resource industries across Asia, Australia and the Middle East.
“The Scenario acquisition is a complementary addition to Vela Industries Group’s software portfolio. With increasing cost pressure on owners and contractors to deliver large-scale projects on time and schedule, Scenario will enable our customers to manage, collaborate and report progress across a portfolio of projects in real-time,” said John Bailey, COO of Vela Industries Group “We look forward to working with Scenario to enable the delivery of projects across our global ecosystem.”
“We are excited and proud to be joining Vela Industries Group and working alongside other leading software organisations operating within our client industries, said Sarah Smith, CEO of Scenario. This acquisition is an important next step in our continued journey of growth, further expanding our international presence through the Vela’s network.”
About Scenario
Scenario is an Enterprise SaaS platform providing Project Delivery and Project Controls solutions for mining, property development, energy, infrastructure and construction projects. Scenario has the ability to scale from a portfolio of major projects, to complex mega projects all with varying requirements and needs.
About Vela Industries Group
Vela Industries Group is a global provider of software solutions to capital-intensive vertical industries. As an operating group of Constellation Software, we acquire, manage, and build software businesses that provide specialized, mission-critical software solutions. We help companies to grow through organic initiatives and seek acquisitions that can strengthen their market position.
Contact:
Esa Immonen, VP – Customer Experience & Marketing