VELA SOFTWARE ACQUIRES INTERICA

Adelaide, Australia – 3 March 2020 – Vela Software Group (“Vela”) and its subsidiary Petrosys are pleased to announce the acquisition of Interica—well known for its industry leading archive solution PARS™. Interica has been providing information management software and consultancy services in oil and gas for over 20 years.

Petrosys’ ethos of allowing acquired companies to retain their individual identities and cultures, will mean Interica remains a respected, independent and responsive provider for data management software and services. The Petrosys approach to agile and innovative software development in collaboration with clients and partners will complement Interica’s long term evolution.

Joining Petrosys will enable a new phase of growth and geographic reach for Interica, providing access to a broader shared client base and pool of specialist expert knowledge, ensuring that quality, trusted data is at the centre of what drives innovation and efficiency for our customers.

Simon Kendall, CEO of Interica commented, “The sale of Interica to Petrosys is an excellent fit, we’re looking forward to growing our brand alongside Petrosys. Being able to utilise shared resources, partnerships and subsurface data expertise will allow us both to go from strength to strength and continue to deliver the independent, trusted software and services our clients deserve.”

“We are excited to bring together two globally recognised data management brands”, CEO of Petrosys Scott Tidemann said, “Collectively we have industry leading 3rd party data connectors and R&D experience with a broad range of oil and gas subsurface knowledge. This will enhance our shared commitment to an open standards-based approach to information management.”

Our shared clients and industry partners will immediately recognise the value and future potential of bringing together these trusted and complementary brands and technologies.

Together, our experienced teams provide an integrated approach to the management of geological, geophysical and petrotechnical data assets through their lifecycle – from new ventures and licence management, to seismic survey data and well data, through to reservoir analysis and production and ultimately divestment management. This fusion of Petrosys and Interica teams allows our people to enhance their skills and carve our rewarding careers as experts in their field.

About Petrosys
Petrosys is the industry-leader in mapping, surface modeling and data management software solutions for petroleum E&P – delivering direct connectivity with the most popular exploration, production and GIS data sources. The Petrosys® software suite produces high quality maps and surface models. It manages seismic, well, geoscience and other specialised data used in the search for oil and gas at over 300 sites around the world. For further information on Petrosys please refer to www.petrosys.com.au.

About Interica
Interica provide unique software, consultancy and data management services to the oil and gas sector. Our solutions enable clients to manage & secure their data and reduce risks and costs. Interica have extensive specialist experience and knowledge of the oil and gas subsurface domain, the principles and practices of effective data management, along with the practical requirements of companies, data owners and data users. For more detail on Interica products and solutions please refer to www.interica.com

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