Vela Asia Pacific Acquires Lightning Payroll

Brisbane, Australia – 12 July 2022

Vela Software Group has announced the acquisition of Lightning Payroll, trading through its subsidiary Vela Asia Pacific. Lightning Payroll is an Australian based business providing easy to use and flexible payroll software solutions to Australian businesses.

“Lightning Payroll and their team have developed an impressive set of software solutions providing crucial functionality to Australian businesses,” said Ian Whiting, CEO of Vela Asia Pacific.  “We are in an exciting period of growth across the Vela Group and we’re proud to welcome the Lightning Payroll team to join our rapidly expanding network of critical software businesses across the region. We look forward to supporting their business through its future growth plans and leveraging the support of our group of businesses to expand Lightning’s solutions and market reach.”

About Vela Asia Pacific:

Vela Asia Pacific, as part of Vela Software Group acquires, manages, and builds mission-critical vertical market software businesses, providing vertical market software expertise, operational support and capital to help businesses grow. With a portfolio of software businesses providing solutions to industries including Wholesale, Distribution, Fashion, General Retail, Light Manufacturing, eCommerce, and Government, Vela have a presence and support customers across Australia, New Zealand and the Asia-Pacific region.

Vela is an operating group of Constellation Software Inc. (TSX: CSU), a public company listed on the Toronto Stock Exchange.

Further information concerning Vela Asia Pacific please visit our website  www.velaapx.com and follow us on LinkedIn for all the latest updates.