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Benchmark International Successfully Facilitated The Acquisition Of Greatsoft, By Vela Software
September 1, 2023
Benchmark International is pleased to announce the successful sale of South African-based GreatSoft to the globally recognized Vela Software International Inc., a subsidiary of Constellation Software Inc.
Under the adept leadership of CEO Bruce Morgan, GreatSoft has consistently redefined standards in the accounting sector with its distinctive cloud-based solutions. The company's commitment to innovation, client satisfaction, and offering tailored CRM solutions to accountancy firms attests to its excellence. GreatSoft's team of seasoned professionals ensures its products remain at the forefront of the industry, satisfying contemporary demands and guiding the future trajectory of the sector.
With its Canadian roots and global outreach, Vela Software is a distinguished subsidiary of Constellation Software, a titan in the software industry listed on the TSX. Constellation's impressive legacy includes the successful integration of over 1,000 diverse businesses into its vast portfolio since 1995. Operating in more than 100 countries, they continue to be a beacon of excellence, fostering niche software enterprises worldwide.
Commenting on the acquisition, Dylan Webb, Portfolio Manager at Vela Software Group, said, "We welcome GreatSoft customers and team to Vela Software Group and look forward to supporting the long-term growth of the business through access to capital, international networks, and sharing best practices."
Bruce Morgan, CEO of GreatSoft, shared his enthusiasm: "This major investment by Vela Software Group will allow GreatSoft to accelerate our investment in R&D, enabling us to build more of the profit improvement products demanded by our clients. In addition to this, we now have the resources to grow GreatSoft further into Africa and other global markets. Being a Vela company provides our teams with exciting career growth opportunities and ensures that our clients will continue to receive the fantastic products and services they have come to love."
Adding to the sentiment, Anthony Monné, Transaction Associate Director at Benchmark International, commented, "It was a privilege to work alongside industry leaders like Bruce and the Vela team. Bruce's in-depth knowledge, business acumen, and steadfast commitment significantly smoothed the acquisition's path. At Benchmark International, we're immensely optimistic about the prosperous journey ahead for both GreatSoft and Vela Software."
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