By bringing together KRISP’s latest generation of POS and Retail software with the unrivalled reach and commercial experience of Vela Software Group, we have created a synergy for great things to happen.
“We now have the right solution, and the right resources, to a realise an ambition that both businesses have held for several years – to provide a solution that delivers on the efficiencies of cloud computing while meeting the complex functional demands of chain retailers. Of course support, stability and confidence are equally important when looking for a solution partner and Vela Software Group, and it’s parent Constellation Software (TSX:CSU) have a proven long term record of delivering that” said Luke Haites, Vertical Market Manager for Vela.
Sitting within Vela Australia’s Soft goods and Food & Beverage Vertical, KRISP will immediately get access to decades of chain retail software management experience. At the same time, Vela’s model of maintaining operational independence of its business units will allow KRISP to focus on its unique product vision – a best of breed POS and retail management suite for businesses whose existing systems haven’t kept pace with changing market demands.
KRISP has always had the vision, under Vela ownership it now has the means to realise it. And for Vela, with an already strong pedigree in retail and POS, adding a pure SAAS solution built on the latest technology platforms, cements its place as one of the most comprehensive and expert software providers in the retail industry.
Official Press Release
Brisbane, Australia – 17 August 2020 – Vela Software Group announced today that it has acquired the business assets of KRISP Systems Pty Ltd (“KRISP”), trading through its subsidiary Vela Australia. KRISP is an Australian based software company that integrates multi-store, multi-country POS, CRM, inventory management and mobility solutions to retailers. KRISP focus on a number of different industries such as Fashion & Footwear and Food & Beverage.
“We are excited to have the KRISP team join the Vela Australia group and it will fit neatly within our Soft goods and Food & Beverage Vertical Group. We know that the leadership at KRISP have set high ambitions for themselves and their SaaS solutions and we are excited to see what the future holds”, said Ian Whiting, CEO of Vela Australia.
About Vela Australia:
Vela Australia, as part of Vela Software Group acquires, manages, and builds mission-critical vertical market software businesses. We are a portfolio of Wholesale and Distribution, Fashion and 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 organically and through acquisitions.
Vela is an operating group of Constellation Software Inc. (TSX: CSU), a public company listed on the Toronto Stock Exchange.
Further information concerning Vela Australia may be obtained through their website at www.velasoftwaregroup.com.au.
Further information concerning KRISP may be obtained through their website at www.krispsystems.com.