Vela Software Group acquires GreatSoft

21 August 2023 – Vela Software Group is pleased to announce the strategic acquisition of GreatSoft, a South African company providing fully integrated Practice Management Solutions to accountancy firms. 

GreatSoft Practice Management software for accountants is designed to help businesses to better manage their staff, clients and work-in-progress. The single, centralised database can be integrated with tax, secretarial, payroll, or document management solutions, providing a single source of truth and a single view of company’s practice. 

GreatSoft has an intuitive interface allowing clients to streamline manual processes, create business intelligence dashboards, and transform the way the business communicates and collaborates with clients. 

“We welcome GreatSoft customers and team to Vela Software Group and look forward to supporting long term growth of the business through access to capital, international networks and sharing of best practices” said Dylan Webb, Portfolio Manager, Vela Software Group.  

Bruce Morgan, CEO of GreatSoft commented “this major investment by Vela Software Group will allow GreatSoft to accelerate our investment in R&D to allow us to build more of the profit improvement products demanded from our clients. In addition to this we now have the resources to grow GreatSoft further into Africa and other Global markets. Being a Vela company provides our Teams with exciting career growth opportunities and ensures that our clients will continue to receive the fantastic products and services they have come to love!”. 

GreatSoft has a broad range of premier clients in Africa such as DTT, EY, BDO, PWC, Mazars, and Nolands. Business management platform, MYOB, is the exclusive strategic partner for GreatSoft in the APAC region, delivering the solution to leading accounting practices across Australia and New Zealand, including local RSM and PKF firms. The cloud-based solution can be used by any size of company and is also available on a mobile application for Android or IOS devices. 

About GreatSoft 

Headquartered in Cape Town, South Africa, the company has more than two decades of industry experience and thought leadership, that have made them one of the leaders in Practice Management and CRM for accountants CRM. With expertise in tax, Company Secretarial, Project Planning and payroll for accountancy firms. They have a wealth of experience in document management and profit improvement systems through powerful CRM capability and extensible platform. 

About Vela Software Group 

Vela Software Group acquires, manages and builds industry specific software businesses globally. 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. Vela Software Group is an operating group of Constellation Software Inc., a leading provider of software and services to a diversified group of public and private sector markets.  

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