Stockholm, SE (January 31, 2023) Vela Software International Inc., an operating group of Constellation Software, Inc. [TSX:CSU], is pleased to announce it has acquired the wood supply software business of Tietoevry [TIETO.HE].

Gabor Czegledy, CEO of the Carina portfolio: “The wood supply business is a leading provider of forestry software in Sweden and represents an area we are committed to growing. By joining Vela, this business will gain access to Vela’s and Constellation’s operating expertise across 800+ software businesses, our financial strength, and our global infrastructure. As a permanent-hold investor, we look forward to supporting and bolstering its market leadership in the Nordics and globally.”

About Tietoevry Wood Supply. The wood supply software business was previously part of Tietoevry Industry.

About Computer Engineering, Inc. Headquartered in the Kansas City area, with offices in Houston and the United Kingdom, CEI brings pressure equipment design and fabrication software to a global industry supporting the backbone of Energy, Chemical, Pharmaceutical, Food/Beverage, Construction, and Heavy Equipment.

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.