Brisbane, Australia – 31st January 2023 – Vela Software Group, trading through its subsidiary Vela Asia Pacific, has today announced the acquisition of the shareholding of EDIStech Limited.
EDIStech Limited is a New Zealand-based global EDI company, providing software and services to streamline business operations and improve productivity for retailers, manufacturers, healthcare providers and everything in between.
Chandra Patel, CEO of EDIStech, stated, “We are delighted to have finalised the sale of the EDIStech business to the safe hands of Vela. It was important for us to find an acquirer with the experience and capacity to support the business’s valued customer base, someone to support the growth of our customers, staff and products. Vela, with its undeniable pedigree in vertical market software solutions and commitment to excellence and continued learning, is the perfect match. We believe that the EDIStech team and customers will benefit substantially from Vela’s wealth of experience and best practices, its global footprint, financial stability and corporate governance. The whole team is excited to gain access to a new pool of ideas and talent, and to deploy those to deliver even greater value to our customers.”
“With our existing portfolio of ERP systems, the addition of the EDIStech business to our group offering builds further on Vela’s expertise and offering across the Asia Pacific Region and beyond,” said Ian Whiting, CEO of Vela Asia Pacific. “it also provides us a fantastic springboard into the EDI market with the tried, tested and trusted business of EDIStech, that is highly regarded by their customers and we are confident that our unique model of connected autonomy will give them the capacity to continue to grow and achieve new levels of success.”
About Vela Asia Pacific:
Vela Asia Pacific, as part of Vela Software Group acquires, manages, and builds mission-critical vertical market software businesses. We are a portfolio of Wholesale, Distribution, Fashion, 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.
Vela is an operating group of Constellation Software Inc. (TSX: CSU), a public company listed on the Toronto Stock Exchange.
Further information about Vela Asia Pacific may be obtained through their website at www.velasoftwaregroup.com.au