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Vela Software acquires Atex

Vela Software acquires Atex

Article ID:

21221

Vela: We are pleased to announce Vela Software (Vela) as the new owner of Atex.

Reading, UK, 6 September 2017 – Vela is a subsidiary of Constellation Software Inc. (CSI), a Canadian company with headquarters in Toronto and traded on Toronto Stock Exchange. CSI holds a portfolio of different software companies throughout the world, and Atex will be their first investment in a company serving the media industry.

John Billowits, CEO of Vela, commented on the acquisition “We are pleased to welcome the employees and customers of Atex to Vela. Atex represents our first investment in the media sector and we are excited by the opportunity to build on the new products and services that they have invested in.”
 
Anders Christiansen, CEO of Atex, about the new owner: "I am pleased to welcome CSI as our new owner. We share a common view on the potential of the media industry where focus on new technology and strong service offerings will help media companies with their digital transition. We look forward to developing and delivering great software solutions to new and existing customers around the world.”
 
Atex will continue to operate as a separate business with the existing Atex management team in place.
 
Should you have any questions please do not hesitate to contact Anders Christiansen (achristiansen@atex.com) or anyone from the Atex management team.
  
About Atex
Atex is a global software company providing solutions to the media industry.
Our platform, Atex Digital Media, is based on future proof technology and provides an innovative approach for news organisations to produce content efficiently and reach their audiences on any channel.

For further information, visit http://www.atex.com or reach Atex at http://www.atex.com/contact

About Vela
Vela Software acquires, manages, and builds mission-critical vertical market software businesses that are located throughout the world. It works with its companies to improve operations, grow through organic initiatives, and acquire businesses that can strengthen market positioning. Vela is an operating group of Constellation Software Inc. (TSX: CSU), a public company listed on the Toronto Stock Exchange with 6 operating groups that provide software for over 80 vertical markets. Constellation Software Inc. has consolidated revenues exceeding US$2 billion with greater than 11,000 employees located in over 250 offices worldwide.
(http://velasoftwaregroup.com/)


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Michael Spinner-Just's picture

Michael Spinner-Just

Date

2017-09-07 11:06

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