Vela Software acquires Tecplot
Tecplot, Inc., a leading provider of visual data analysis software for engineers and scientists in the aerospace and oil & gas vertical markets, today announced that it has been acquired by Vela Software, an operating group of Constellation Software, Inc.
If you’ve been following along on Twitter (@monica_schnitge) you know I’m in Trieste, Italy at ESTECO’s modeFRONTIER user conference –much more about that later– so this is necessarily brief: Tecplot announced yesterday that it was acquired by Vela Software and that co-founders Don Roberts and Mike Peery, founders and Tecplot management, will be retiring. Tecplot’s VP, Customer Development, Tom Chan, will take over day-to-day operations at Tecplot.
In a press release, Mr. Roberts said, “Mike Peery and I are delighted that we can place the company that we have grown and nurtured for 35 years into the strong hands of Vela. Their expertise in growing software companies gives Tecplot a solid foundation upon which it can build into the future. We are very pleased that Tom Chan, who has held key leadership positions at Tecplot for two decades, will be the new President.”
Mr. Chan said. “My message to our customers is business as usual. You will continue to be our top priority. You are the reason we’re in business and we will always do our very best to meet your needs. And to my fellow Tecplot employees, I am so proud to work with such an outstanding team of talented and dedicated professionals. Together, we will build upon the foundation Don and Mike have left for us, elevating Tecplot to even greater levels of success.”
You probably know that Tecplot develops computational fluid dynamics (CFD) post-processing solutions including Tecplot 360 and Tecplot RS that allow users to visualize their results to turn often abstruse data into something from which conclusions can be drawn. But who is Vela?
Vela Software is an operating group of Constellation Software, Inc., a publicly-traded company that on the Toronto Stock Exchange (TSX: CSU). Constellation “acquires, manages and builds vertical market software businesses that provide mission-critical software solutions”. Vela is the software-specific part of that business, and also owns Datamine, a company that makes software to plan, manage and optimize mining operations; Emphasys, which creates enterprise solutions for public housing, housing finance, treasury & debt management, real estate, and travel & leisure; and Friedman, which specializes in ERP solutions for manufacturers and distributors of make-to-order and engineer-to-order products in the building products, capital equipment, and automotive sectors.From the little time I’ve had to poke around Vela and its subsidiaries, there doesn’t seem to be an effort to cross-develop products or platform; each seems to operate completely independently.
Vela’s CEO John Billowits said, “We are excited to enter the aerospace and oil & gas vertical markets with the acquisition of Tecplot and we welcome their employees and customers to the Constellation family. We look forward to working with the Tecplot team to continue to build on their innovative industry-leading visual data analysis solutions.”
More soon on this.