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M&A Deal Summary

Vela Software Acquires Atex

On September 6, 2017, Vela Software acquired software company Atex from Naviga

Acquisition Highlights
  • This is Vela Software’s 4th transaction in the Software sector.
  • This is Vela Software’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2017-09-06
Target Atex
Sector Software
Buyer(s) Vela Software
Sellers(s) Naviga
Deal Type Divestiture

Target

Atex

Reading, United Kingdom
Atex Ltd. is a provider of content management, advertising and audience commercial software for the global media industry. Atex is based in Reading, United Kingdom.

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Buyer(S) 1

Buyer

Vela Software

Toronto, Ontario, Canada
Category Company
Sector Software
DESCRIPTION

Vela Software is a provider of software solutions to a number of vertical markets. Vela acquires, manages, and builds specific software businesses which provide specialized, mission-critical software solutions.

DEAL STATS #
Overall 4 of 9
Sector: Software M&A 4 of 8
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-09 Petrosys Pty

Adelaide, Australia

Petrosys Pty Ltd. is a provider of mapping, surface modeling and data management software solutions for petroleum E&P – delivering direct connectivity with the most popular exploration, production and GIS data sources.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-31 Tieto Oyj - ProArc

Helsinki, Finland

Tieto Oyj - ProArc is a provider of technical document management software serving Engineering & Construction companies in the Oil & Gas, Transportation, and Energy markets.

Buy -

Seller(S) 1

SELLER

Naviga

Bloomington, Minnesota, United States
Category Company
Founded 2013
Sector Software
DESCRIPTION

Naviga provides a broad range of technology solutions for the global news media industry, including content management, digital advertising, circulation and audience relationship management. The Company’s innovative solutions and professional services help media organizations engage audiences through web, print, mobile and social media channels. Naviga helps more than 2,500 clients around the world compete for audience and revenue across the entire media landscape. Naviga was formed in 2013 and is based in Bloomington, Minnesota.

DEAL STATS #
Overall 1 of 2
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-10 DoApp

Minneapolis, Minnesota, United States

DoApp, Inc. is a mobile application development and mobile ad network company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 Acquire Media

Roseland, New Jersey, United States

Acquire Media Corp. is an aggregator and distributor of curated real-time news, multimedia, data, and alerts. Acquire Media Corp. was established in 2001 and is based in Roseland, New Jersey.

Buy -
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