HOUSTON, Oct. 1, 2018 /PRNewswire/ -- Coreworx Inc.
("Coreworx") is pleased to announce its acquisition by Vela
Software Group, an operating group of Canadian public company
Constellation Software Inc. (TSE:CSU).
The backing of Vela enables a new phase of growth for Coreworx
through access to a broad pool of management expertise and software
development skills.
Vela's permanent-ownership model, and industry-specific
expertise will ensure that Coreworx remains a trusted,
industry-leading provider of information management solutions to
capital projects within the oil and gas, infrastructure, power,
mining, and engineered solutions industries.
"We are excited to join the Vela group and about the
opportunities this will bring to the Coreworx brand, products, and
customers," said Coreworx CEO, John
Gillberry. "Vela and Constellation bring operating expertise
from their hundreds of software businesses, plus financial strength
and global infrastructure. Paired with the talents and industry
experience of the Coreworx organization, this acquisition sets
Coreworx on a course for great success in the future. Coreworx
clients can be confident that this move will strengthen the
Coreworx position in the marketplace, whilst being assured that
services, particularly Coreworx trusted support, will remain
unchanged."
"We are very pleased to bring Coreworx into the Vela family.
Coreworx offers a well-established solution suite that is used by
many of the leading names in capital project execution," said Gabor
Czegledy, Senior Vice President, Portfolio Manager at Vela
Software. "We look forward to combining Coreworx's industry
knowledge and expertise with the presence and strength of the Vela
group in order to provide customers with industry-leading capital
project solutions for the long-term."
About Vela
Vela Software acquires, manages, and builds
mission-critical vertical market software businesses that are
located throughout the world. It works with its companies to
improve operations, grow through organic initiatives, and acquire
businesses that can strengthen market positioning. Vela is an
operating group of Constellation Software Inc. (TSX: CSU), a public
company listed on the Toronto Stock Exchange with 6 operating
groups that provide software for over 80 vertical markets.
Constellation Software Inc. has consolidated revenues exceeding
US$2.7 billion with more than 14,000
employees located in over 250 offices worldwide.
About Coreworx
Coreworx is a software and services
company that provides integrated information management software
solutions, including Engineering Document Management Systems,
Interface Management, and Contract Management for the world's
engineering and construction projects. Coreworx solutions service a
portfolio of projects valued at over $1
trillion across 40 countries, on more than 2,000 projects
with 100,000+ users.
Coreworx software enables EPCs, owner-operators, and contractors
to automate best practices, mitigate business risk, and improve
performance to budget throughout the entire project life cycle.
Coreworx has development and sales offices in Houston, Calgary, and Kitchener.
For more information, visit: www.coreworx.com
Contacts
Jenn
Spencer
Marketing Manager, Coreworx
jspencer@coreworx.com
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SOURCE Coreworx