Vela Software Group announced that it has acquired BusinessCraft

Brisbane, Australia – 22 April 2022 – Vela Software Group announced today that it has acquired BusinessCraft, trading through its subsidiary Vela Asia Pacific. BusinessCraft is a Newcastle-based Australian business focused on the provision of ERP systems to the residential construction and engineering markets.

Steven Parish, former owner of BusinessCraft stated, “It was very important for BusinessCraft 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 to further improve BusinessCraft’s services. We believe that Vela’s valuable best practices and the financial backing of a large software company will greatly assist BusinessCraft in realizing its full potential and delivering security to all of our customers.”

About BusinessCraft

“BusinessCraft is a tremendous team of individuals that due to their domain knowledge and close relationships with their clients have had great success in the market. All characteristics we value highly. We are excited to welcome them to the Vela Asia Pacific family and look forward to working closely with them to help strengthen their market position,” said Ian Whiting, CEO of Vela Asia Pacific. “We thank the past owner for establishing such a great business and wish them well in their next chapter and know that the employees of BusinessCraft have set high goals for themselves which we are happy to assist in”.

About Vela

Vela Asia Pacific, as part of Vela Software Group acquires, manages, and builds mission-critical vertical market software businesses. We are a portfolio of 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 organically and through acquisitions.

Vela is an operating group of Constellation Software Inc. (TSX: CSU), a public company listed on the Toronto Stock Exchange.