Vela Software Group Acquires MOSAIC Business Unit from Quorum Software

October 3, 2019

Vela Software Group, an operating group of Constellation Software Inc., has acquired the MOSAIC Business Unit from Quorum Business Solutions (Quorum Software). The acquisition brings the MOSAIC oil & gas economics, reserves and budgeting software into Vela’s portfolio, with the existing MOSAIC team continuing to develop and support the product from its Calgary and Houston offices.

Buyers
Vela Software Group, Constellation Software Inc.
Targets
MOSAIC Business Unit (from Quorum Business Solutions)
Sellers
Quorum Business Solutions (Quorum Software) Inc.
Industry
Software
Location
Alberta, Canada
Transaction Type
Divestiture

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