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  6. Vela Software Acquires Coreworx

M&A Deal Summary

Vela Software Acquires Coreworx

On October 1, 2018, Vela Software acquired software company Coreworx

Acquisition Highlights
  • This is Vela Software’s 6th transaction in the Software sector.
  • This is Vela Software’s 1st transaction in Canada.
  • This is Vela Software’s 1st transaction in Ontario.

M&A Deal Summary
Date 2018-10-01
Target Coreworx
Sector Software
Buyer(s) Vela Software
Deal Type Add-on Acquisition

Target

Coreworx

Kitchener, Ontario, Canada
Coreworx, Inc. is a software and services company that provides integrated information management software solutions, including Engineering Document Management Systems, Interface Management, and Contract Management for the world's engineering and construction projects. Coreworx is based in Kitchener, Ontario.

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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 6 of 9
Sector: Software M&A 6 of 8
Type: Add-on Acquisition M&A Deals 4 of 7
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2018 M&A 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-05 Marque Group Solutions

Sydney, Australia

Marque Group Solutions provides mission-critical data, applications and insights to deliver outstanding customer experiences. Marque Group Solutions was established in 2017 and is based in Sydney, Australia.

Buy -
Mergr

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