Vela Software Acquires Envirosoft

Calgary, Alberta (March 1, 2020) – Vela Software Group (“Vela”), an operating group of Canadian public company Constellation Software Inc. (TSX:CSU) is pleased to announce it has acquired the Envirosoft Corporation and Envirotech’s Environmental Management Division (“Envirotech EMD”) (collectively “Envirosoft”).

Envirosoft Corporation provides a leading integrated software suite specifically designed to meet the evolving environmental, regulatory, and compliance needs of the Oil and Gas industry. Envirotech’s EMD offers consulting and implementation services related to emission studies, management and reporting compliance. The Envirotech EMD will continue to operate as a part of Envirosoft going forward.

Ted Hart, President and co-owner of Envirosoft stated, “It was very important for us to find the right partner to ensure our customers and employees were in good hands. We are excited to have Vela build on the software, branding, and people that have made Envirosoft and Envirotech’s EMD services what they are today. We believe that Vela’s valuable best practices and the financial backing of a large software company will greatly assist Envirosoft in realizing its full potential.”

“We are very excited to welcome the Envirosoft team into the Vela family. As an industry leader in Emissions Management we expect to continue their excellent customer advocacy and reputation under our ownership. Building on our existing portfolio Company NEMS in Norway, Envirosoft expands our presence in environmental compliance and sustainability management to onshore and midstream Oil & Gas production.” said Gabe Czegledy, Senior Vice President, Portfolio Manager at Vela. “As always, we look forward to combining Envirosoft’s deep industry expertise with the Vela group’s financial strength and operational expertise in order to provide customers with industry-leading solutions.”

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.