Vela Software acquires Tecplot, a leading fluid dynamics visualization and analysis software company focused on the aerospace and oil & gas industries
Bellevue, WA, USA – May 16, 2016 – Vela Software (Vela), an operating group of Constellation Software Inc. (CSI) (TSX: CSU), announced today that it has acquired Tecplot, Inc. (Tecplot), a leading provider of fluid dynamics visualization and analysis software for engineers and scientists in the aerospace and oil & gas vertical markets.
Tecplot, founded in 1981, develops, designs, and sells a variety of Computational Fluid Dynamics (CFD) post-processing solutions used by tens-of-thousands of engineers and scientists worldwide to help them unlock insights from complex data via visual analysis. Tecplot’s core product suite includes the 360 and RS solutions. Tecplot 360 enables aerospace engineers and scientists to effectively plot CFD data, analyze complex solutions, arrange multiple layouts, and communicate output effectively in order to enhance aerodynamic design. Tecplot RS gives oil & gas engineers the ability to manage and analyze simulation data, uncover knowledge about reservoir model behavior, and gain confidence in making crucial decisions.
Don Roberts, co-founder of Tecplot, stated, “Mike Peery and I are delighted that we can place the company that we have grown and nurtured for 35 years into the strong hands of Vela. Their expertise in growing software companies gives Tecplot a solid foundation upon which it can build into the future.”
John Billowits, CEO of Vela, stated, “We are excited to enter the aerospace and oil & gas vertical markets with the acquisition of Tecplot and we welcome their employees and customers to the CSI family. We look forward to working with the Tecplot team to continue to build on their innovative industry-leading visual data analysis solutions.”
Tecplot is headquartered in Bellevue, Washington.
About Vela Software
Vela Software is a global provider of software solutions to a number of vertical markets. As an operating group of CSI, 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.
About Constellation Software Inc.
Constellation Software Inc., a public company listed on the Toronto Stock Exchange, acquires, manages, and builds vertical market software businesses that provide mission-critical software solutions.
About Tecplot, Inc.
Founded in 1981, Tecplot, Inc. is the leading developer of visual data analysis software for engineers and scientists. Tecplot’s products allow customers to quickly analyze and understand information hidden in complex data, and communicate their results to others via brilliant images and compelling animations. The company’s products are used by more than 47,000 technical professionals around the world.
Since its founding more than 30 years ago, Tecplot has consistently delivered category-leading innovation to the engineering and scientific communities. Examples of this on-going innovation include Tecplot RS for oil & gas reservoir simulation, Tecplot Chorus for analyzing multiple simulations of design-space exploration data, Tecplot 360 EX for lightning-fast analysis of massive CFD simulation data, and Tecplot Focus for automating routine data analysis and plotting tasks.
John Billowits, CEO
Tom Chan, President