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Vela acquires SeaRoc

Vela Software Group (“Vela”), an operating group of Canadian public company Constellation Software Inc. (TSX:CSU) is pleased to announce it has acquired SeaRoc Group Ltd (“SeaRoc”), a United Kingdom operating company based in Chichester, UK. 

About SeaRoc. SeaRoc was formed in 2002 and has grown under the Fred. Olsen Group to provide industry leading Software as a Service (SaaS) solutions (SeaPlanner and SitePlanner) with associated hardware, to optimise safety and efficiency within large scale, hazardous operational and construction environments.  Alongside QHS&E and other consultancy services, SeaPlanner has played a pivotal role in the development of 31 offshore wind projects, supporting the induction and certification management of over 24,000 personnel and 500 subcontractors.  Built on learning from these highly challenging environments, the SitePlanner Contractor Management System now offers customers solutions to reach excellence in efficient and safe operations across a wide range of land-based construction and site management challenges. 

Going forward, SeaRoc will continue to operate as an independent business unit within Vela.  Ian Sellwood, MD of SeaRoc stated, “Despite past successes it was very important that SeaRoc found a new partner to maximise its growth potential in these expanding and innovative markets.  In Vela we believe we have found that partner.  Their successes across SaaS providers demonstrates the value add of their best practices, financial guidance and support, and business focus.  Their customer focused culture aligns with SeaRoc’s ‘personality’ and the teams desire to offer customers the best solutions and services.  We look forward to an exciting and prosperous future together”. 

“We are very excited to welcome the SeaRoc team into the Vela family. As an industry leader in software and service solutions for challenging site management environments we expect to continue and grow their excellent customer advocacy and reputation under our ownership. SeaRoc brings us further strengths in markets that we consider core for our future expansion and we have high expectations for their future.” said Gabor Czegledy, CEO, Portfolio Manager at Vela. “As always, we look forward to combining SeaRoc’s deep industry expertise with the Vela group’s financial strength and operational expertise in order to provide customers with industry-leading solutions.” 

About Vela. Vela is a global provider of software solutions to several vertical industries. As an Operating Group of Constellation Software, Vela acquires, manages, and builds specific software businesses which provide specialized, mission-critical software solutions. Vela companies invest in becoming leaders in their industries and to better serve their customers. We help companies improve their operations, grow through organic initiatives, and seek acquisitions that can strengthen their market position. 

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