Petrosys announces acquisition by Vela

Source: Petrosys

Oil and gas technology company Petrosys is pleased to announce its acquisition by Vela Corporation, a subsidiary of Canadian public company Constellation Software Inc.

Oil and gas technology company Petrosys is pleased to announce its acquisition by Vela Corporation, a subsidiary of Canadian public company Constellation Software Inc.

The backing of Vela opens up a new phase of growth for Petrosys, allowing stronger penetration of new markets, faster software development and more innovative R&D. It also provides access to a broad pool of management expertise and software development skills.

Vela’s approach of allowing acquired companies to operate as stand-alone entities will ensure that Petrosys remains the respected, trusted, industry-leading provider for mapping, surface modeling and data management software for the oil and gas industry.

Petrosys clients can be confident that the move will strengthen Petrosys’ position in the marketplace, whilst being assured that services, particularly Petrosys’ trusted industry-leading support, will remain unchanged.

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