Vela Software acquires Financial Aid Management for Education, Inc. (FAME, Inc.), a business providing Financial Aid Solutions (FAS) and Student Information Systems (SIS) for the Higher Education industry.
Toronto, ON, Canada – November 28, 2017 – Vela Software and its subsidiary Aquila Software has acquired Financial Aid Management for Education, Inc. (“FAME”), a business providing Financial Aid Solutions (FAS) and Student Information Systems (SIS) to Higher Education clients. FAME, headquartered in Fort Lauderdale, FL, provides solutions to help Higher Education clients provide outstanding service to their students.
Mike Byrne, Chief Executive Officer of Aquila Software, commented, “The acquisition of FAME provides our first step into Higher Education, a market that provides tremendous value throughout North America. We are excited to start to work with the staff at FAME to enhance their already great service levels.”
Vela Software is a global provider of software solutions to a number of vertical industries. As an Operating Group of Constellation, Vela acquires, manages, and builds specific software businesses which provide specialized, mission-critical software solutions. Vela companies invest in becoming leaders in their industries to better serve their customers. We help companies improve their operations, grow through organic initiatives, and seek acquisitions that can strengthen their market position.
Aquila Software has focused on providing great solutions to Housing & Real Estate, Finance & Banking, and Travel throughout North America and Europe. Aquila’s businesses focus on long term relationships where our solutions evolve with our client’s business needs. Further information about Aquila may be obtained from its website at www.aquilasw.com. For further information, contact:
Constellation Software Inc.
Jamal Baksh, Chief Financial Officer
Tel: (416) 861-2279
Steve Richards, Chief Financial Officer
Tel: (305) 599-2531