8 October 2014 – Chicago, United States – Friedman Corporation (“Friedman”), a division of Vela Software International, has completed the acquisition of the business of NedGraphics b.v. (“Nedgraphics”).
NedGraphics has over 35 years of experience in developing, marketing and supporting the leading CAD- CAM software to thousands of companies within the textile and apparel industry. NedGraphics’ integrated software solutions are used around the world in fashion design, floor coverings, and home furnishings. The NedGraphics software solution actively supports customers throughout the entire textile value chain, from freelance designers to large-scale production facilities and from yarn manufacturing to weaving and pattern. The acquisition is Vela’s first acquisition in the textile vertical market.
As a result of the acquisition, the Nedgraphic business will operate as an independent division of Friedman and will continue to develop, enhance, service and support software solutions in order to provide a competitive edge to its customers.
Mark Thompson, Chief Executive Officer of Friedman, commented “the acquisition of – Nedgraphics enhances our existing footprint in geographical reach and complements Friedman’s product portfolio. The Nedgraphic product offering will enable us to further grow our already-strong presence in retail and distribution – supply chain operations.”
About Friedman Corporation
Friedman Corporation is headquartered in Deerfield, IL and is a division of Vela Software International, Inc. Friedman Corporation specializes in complete ERP solutions for manufacturers and distributors of “make to order” and “engineer to order” products in the building products, capital equipment, and automotive sectors. The Friedman Operating group also has a complementary portfolio of software offerings for transportation management, material optimization, supply-chain management, multi-channel merchant and direct-to-consumer distribution.
About Vela Software International, Inc.
Vela is a global provider of software solutions to a number of vertical industries. As an Operating Group of Constellation Software Inc., 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.
About Constellation Software Inc.
Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU”. Constellation acquires, manages and builds vertical market software businesses. Further information about Constellation may be obtained from the company’s web site at www.csisoftware.com.