Vela APX Acquires Elcom, Expanding Digital Experience Capabilities

Sydney, Australia – June 6, 2025 – Vela APX, a division of Vela Software Group and Constellation Software Inc. (TSX: CSU), is pleased to announce the acquisition of Elcom, a leading Australian provider of digital experience platforms.

Founded in 1996 and headquartered in Sydney, Elcom has established itself as a trusted partner for organizations seeking robust web content management, intranet, and portal solutions. The company’s flagship product, the Elcom Platform, is a modular and scalable CMS built on Microsoft ASP.NET and SQL Server, offering a unified solution for websites, intranets, portals, Learning Management Systems (LMS), and mobile applications. Elcom’s clientele spans various sectors, including government, education, healthcare, and professional services, with notable clients such as Volkswagen Group Australia (VGA) and Austrade.

This acquisition aligns with Vela APX’s strategy to invest in mission-critical vertical market software businesses. By integrating Elcom into its portfolio, Vela APX enhances its capabilities in delivering comprehensive digital solutions to a broader range of industries.

“We are excited to welcome Elcom into the Vela APX family,” said Ian Whiting, CEO at Vela APX. “Elcom’s expertise in digital experience platforms complements our existing offerings and supports our commitment to providing best-in-class solutions to our clients.”

Elcom will continue to operate as an independent business unit within Vela APX, maintaining its brand identity and commitment to innovation and customer service. The existing management team will remain in place, ensuring continuity for clients and partners.

Ryan Bloch, General Manager of Elcom, expressed excitement about joining the Vela Software Group:

“Elcom began over two decades ago as a successful technology incubator graduate. Since then, we’ve grown into a leader in employee experience and customer experience software, with our solutions used by hundreds of thousands of people every day. Being acquired by Vela Software marks an exciting new chapter in Elcom’s story. With Vela’s global resources and expertise, we are well-positioned to accelerate our growth, continue innovating, and deliver even greater value to our customers.”

This acquisition reinforces Vela’s “connected autonomy” model, providing Elcom with the agility to innovate while benefiting from the broader support and resources available within the Vela Group.

About Vela APX

Vela APX is an operating group of Vela Software Group and Constellation Software Inc., one of the world’s largest networks of vertical market software businesses. Vela APX acquires, manages, and builds mission-critical software companies that serve a wide range of specialised industries.

The group invests in a diverse portfolio of businesses across sectors, including Automotive, Wholesale & Distribution, Agribusiness, Industry Associations, Fashion, Specialty Retail, Manufacturing, Insurance, Workplace Health & Safety (WH&S), Government, and Enterprise Asset Management.

Through this broad network and deep domain expertise, Vela provides vertical market software leadership, operational support, and capital to help businesses grow, both organically and through acquisitions.

With a commitment to perpetual ownership, Vela invests for the long term, with a strong focus on operational excellence and sustainable, organic growth.

For more information on Elcom visit www.elcom.com.au and for Vela APX, please visit velaapx.com or contact us at M&A@velasoftwaregroup.com.au