M&A Deal Summary

Vela Software Acquires GreatSoft

On August 21, 2023, Vela Software acquired software company GreatSoft

Acquisition Highlights
  • This is Vela Software’s 8th transaction in the Software sector.
  • This is Vela Software’s 1st transaction in South Africa.

M&A Deal Summary

Date 2023-08-21
Target GreatSoft
Sector Software
Buyer(s) Vela Software
Deal Type Add-on Acquisition

Target

GreatSoft

Cape Town, South Africa
GreatSoft is a provider of fully integrated practice management solutions to accountancy firms. The Company has experience in document management and profit improvement systems. GreatSoft was formed in 1990 and is based in Cape Town, South Africa.

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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 9 of 9
Sector: Software M&A 8 of 8
Type: Add-on Acquisition M&A Deals 7 of 7
Country: South Africa M&A 1 of 1
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-14 Peakwork

Düsseldorf, Germany

Peakwork is a software specialist for the travel industry. Peakwork has created a leisure travel network that brings together global supply and demand for travel products. Peakwork international tour operators and service providers rely on the Peakwork solutions for dynamic packaging with connectivity to the worldwide hotel and flight providers. The flexible and internationally scalable travel distribution solutions are designed to cope with large traffic demands and benefit from the connection to global metasearch partners. Peakwork was founded in 2009 and is based in Düsseldorf, Germany.

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