Brisbane, Australia – Wednesday 17th April, 2024
Vela Software Group (trading through its subsidiary Vela APX) has today announced the formation of ACR Software Pty Ltd following the acquisition of the ACR assets from ACR Business Systems Pty Ltd.
ACR are makers and managers of cost-effective and flexible ERP solutions for Retailers and Distributors, developed through more than 35 years of business experience. Combining point of sale, finance, payroll, order, inventory and customer management, ACR supports businesses throughout Australia.
Travis Wells, ACR General Manager said upon joining the Vela Software Group, “The team at ACR are excited to be joining the Vela and Constellation Sofware Groups and look forward to being a part of this powerful ecosystem for the next phase of growth. We know we’re in safe hands with Vela and now part of a network of industry experts whilst maintaining our own autonomy and expertise to deliver great outcomes for our customers.”
“The Vela APX team are delighted to welcome Travis and the ACR team to the Vela Group, adding another impressive retail solution suite to our comprehensive range of mission-critical software solutions,” said Ian Whiting, CEO of Vela APX. “ACR has a great reputation and track record for providing reliable and innovative software solutions to businesses across multiple industries and segments. We are confident that our model of perpetual ownership and connected autonomy will give them the capacity to continue to grow the business and achieve impressive outcomes for all involved.”
Founders Mike Murray and Jason Heskett will continue to work casually with the business throughout its transition to Vela. Jason’s comments on completion of the transaction were “It is with mixed emotions we step back from ACR, but now is the right time. I’m excited to see the new energy and growth the Vela Group will bring to ACR, its team and customers. ACR’s General Manager, Travis Wells will continue in his role, and I wish him and the team every success.”
About Vela APX:
Vela APX, as part of Vela Software Group acquires, manages, and builds mission-critical vertical market software businesses. We are a portfolio of Wholesale, Distribution, Fashion, General Retail, Light Manufacturing, Government and business accounting software businesses supporting customers globally. They provide vertical market software expertise, operational support and capital to help businesses grow.
Vela is an operating group of Constellation Software Inc. (TSX: CSU), a public company listed on the Toronto Stock Exchange.
Further information about Vela APX group of companies can be obtained through their website at www.velaapx.com
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