22 August 2022:

Vela Software Group (trading through its subsidiary Vela Asia Pacific) has today announced the formation of Memnet Solutions Pty Ltd following the acquisition of the MemNet assets from OMNI Software Solutions Pty Ltd. MemNet is a fully integrated membership and event management platform used by associations, charities, unions and clubs across Australia and New Zealand.

Brad Purton, part owner of OMNI Software Solutions stated, “It was critical to find the right partner to ensure the continued growth of MemNet. Through their experience and expertise in the delivery of world-class online solutions, we are excited to have Vela commit to taking the MemNet software, branding, and people to the highest level. We believe that Vela’s valuable best practices and the financial backing of a large software company will greatly assist MemNet in realizing our vision to deliver best-in-class membership and event management software to customers across Australia and New Zealand. The existing MemNet team will remain and is excited for the growth that lies ahead.”

“MemNet Solutions is an exciting business and excellent team of individuals with an impressive product and industry reputation across Australian and New Zealand’s membership and event management sector”, said Ian Whiting, CEO of Vela Asia Pacific.  “We are excited to welcome them to our family and look forward to collaborating closely with them to achieve ongoing growth across the sector.”

About Vela Asia Pacific:

Vela Asia Pacific, 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, and Government software businesses that have a presence in Australia, New Zealand, and Asia-Pacific. We provide vertical market software expertise, operational support, and capital to help our businesses grow.

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 may be obtained through their website at www.velaapx.com