VELA ASIA PACIFIC ACQUIRES SOLUTIONISTS

Brisbane, Australia – 7 July 2022

Vela Software Group proudly announced today that it has acquired Solutionists, trading through its subsidiary Vela Asia Pacific. Solutionists is an Auckland based business with offices in Sydney and Melbourne and is focussed on eCommerce and integrated business operations solutions for both B2B and B2C markets.

Frank Gilbert, former owner of Solutionists stated, “It was critical for Solutionists to find the right partner to ensure our continued growth through focus and expertise in world-class eCommerce platforms and the delivery of functionally rich online solutions. We are excited to have Vela commit to build on the software, branding, and our people to further improve Solutionists services. We believe that Vela’s valuable best practices and the financial backing of a large software company will greatly assist Solutionists in realizing our vision to deliver best in class digital commerce solutions to all of our customers across ANZ.”

“Solutionists is a tremendous business and team of individuals with an impressive body of work and industry reputation across Australian and New Zealand wholesale and retail channels.  These are characteristics the Vela Group value highly.” said Ian Whiting, CEO of Vela Asia Pacific.  “We are excited to welcome them to our network of businesses and look forward to collaborating closely to help Solutionists achieve ongoing growth across the region. We thank Frank and past management for establishing such a great business and wish them every success in their next chapter. The team at Solutionists have set high standards and goals for themselves and the business which we are looking forward to helping them achieve”.

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 concerning Vela Asia Pacific may be obtained through our website at www.velasoftwaregroup.com.au

To get in touch with our Mergers and Acquisitions Team please email m&a@velasoftwaregroup.com.au