Vela Software, a subsidiary of Constellation Software, acquired 100% of shares in SVAM Plus, one of the fastest growing ERP software providers in the region, adding the Company as a complement to its operating businesses Juniper and IN2 Group. GRUBISIC & Partners acted as the exclusive financial advisor to the management and shareholders of SVAM Plus in the transaction process.
Information about the Acquirer:
Headquartered in Toronto, Canada, Constellation Software is a listed publicly traded company (TSX:CSU) providing software and services to a number of industries, both in the public and private sectors, with an aim to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of particular industries. The Company was founded in 1995, assembling a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, Constellation Software grew rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base comprised of over 125,000 customers operating in over 100 countries around the world. The business is split into two distinct segments: (i) the public sector segment, which includes businesses focusing upon government and government-related customers, and (ii) the private sector segment, which includes businesses focusing upon commercial customers. With over 15,000 employees, the Company has offices in North America, Europe, Australia, South America, and Africa. In 2020, the Company generated consolidated revenues of close to USD 4 billion, with EBITDA exceeding USD 1 billion. Constellation Software has completed over 500 acquisitions of small, medium, and large private and public companies since its inception.
Vela Software is a subsidiary of Constellation Software, based in Toronto, Canada. It is an operating group of Constellation Software that acquires, manages and builds industry specific software businesses globally, as well as provides software and services to a diversified group of public and private sector markets. The Company is a decentralized, learning-focused organization that offers coaching and resources in a number of areas to help good companies become exceptional. In line with Vela and Constellation investment philosophy, acquired businesses are typically left as decentralized stand-alone entities, with Vela and Constellation providing vertical market software expertise, operational support, and capital to help the acquired businesses grow organically and/or through acquisitions.
Information about the Target:
SVAM Plus engages in the development, implementation, and maintenance of its proprietary business information system OperaOpus, a software solution often recognized as first choice among manufacturing companies in Croatia. In addition to manufacturers, OperaOpus is also used by many other companies across various industries. SVAM Plus provides design and customization of information systems to business processes, consulting services in the systematization of information, consultancy services in the formulation of business analysis and definition of transparent accounting, consulting services in the areas of controlling, as well as ensuring clients with permanent adjustments. It was established in 1995 by a group of IT experts who began to develop their own software solutions, and OperaOpus was first implemented in 1997. Since then, with constant monitoring of the latest IT developments, the Company has grown into a modern engineering company that offers a highly parameterized system and consulting services in business process management. SVAM Plus is based in Zagreb, Croatia and employs 35 people.
With the acquisition of SVAM Plus, Constellation Software, via its subsidiary Vela Software with subdivisions Juniper Group and IN2 Group, strengthens its market position in Croatia and the region and finds a new partner with whom they plan to unlock strong synergies and achieve growth in new market niches. The experience, knowledge, and quality of SVAM Plus products will contribute to the realization of the Group's plans to expand the customer base and further strengthen long-term cooperation with clients. With SVAM Plus, Constellation Software has found a partner with a recognized product which will be further developed, now supported by powerful resources within the newly formed partnership. The previous owners of SVAM Plus, Sanda Prebanić, Hrvoje Zrilić, and Mario Mandić, who continue to be involved, are looking forward to new opportunities and further growth and development of the Company.