Tecplot Acquired by Vela Software
Bellevue, Washington (PRWEB) May 19, 2016 -- Tecplot, Inc., a leading provider of visual data analysis software for engineers and scientists in the aerospace and oil & gas vertical markets, today announced that it has been acquired by Vela Software, an operating group of Constellation Software, Inc. (TSX:CSU).
Tecplot also announced that co-founders Don Roberts and Mike Peery, who previously served as CEO and Chairman, respectively, will retire. Tom Chan, Tecplot’s Vice President of Customer Development and a 20-year employee of the company, was named President.
“Mike Peery and I are delighted that we can place the company that we have grown and nurtured for 35 years into the strong hands of Vela,” Roberts said. “Their expertise in growing software companies gives Tecplot a solid foundation upon which it can build into the future. We are very pleased that Tom Chan, who has held key leadership positions at Tecplot for two decades, will be the new President.”
Founded in 1981, Tecplot develops, designs, and sells a variety of computational fluid dynamics (CFD) post-processing solutions used by tens-of-thousands of engineers and scientists worldwide to help them unlock insights from complex data via visual analysis. Tecplot’s core product suite includes Tecplot 360 and Tecplot RS. Tecplot 360 enables engineers and scientists to effectively plot data, analyze complex solutions, arrange multiple layouts, and communicate output effectively in order to enhance aerodynamic design. Tecplot RS gives oil & gas engineers the ability to manage and analyze simulation data, uncover knowledge about reservoir model behavior, and gain confidence in making crucial production decisions.
“For 35 years, Don and Mike have guided our company based on a set of unwavering core values – commitment to customers, commitment to each other, commitment to community, and never-ending technological innovation,” Chan said. “I am honored to continue their legacy as Tecplot’s new President. My message to our customers is business as usual. You will continue to be our top priority. You are the reason we’re in business and we will always do our very best to meet your needs. And to my fellow Tecplot employees, I am so proud to work with such an outstanding team of talented and dedicated professionals. Together, we will build upon the foundation Don and Mike have left for us, elevating Tecplot to even greater levels of success.”
Toronto-based Vela Software is a global provider of software solutions to a number of vertical markets. As an operating group of Constellation Software, Inc., Vela acquires, manages, and builds specific software businesses that provide specialized, mission-critical software solutions.
Vela companies invest in becoming leaders in their industries to better serve their customers. Vela helps companies improve their operations, grow through organic initiatives, and seek acquisitions that can strengthen their market positions.
“We are excited to enter the aerospace and oil & gas vertical markets with the acquisition of Tecplot and we welcome their employees and customers to the Constellation family,” Vela CEO John Billowits said. “We look forward to working with the Tecplot team to continue to build on their innovative industry-leading visual data analysis solutions.”
About Constellation Software, Inc.
Constellation Software, Inc., a public company listed on the Toronto Stock Exchange, acquires, manages and builds vertical market software businesses that provide mission-critical software solutions.
About Tecplot, Inc.
Headquartered in Bellevue, Washington, Tecplot is the leading developer of visual data analysis software for engineers and scientists. Tecplot’s products allow customers to quickly analyze and understand information hidden in complex data, and communicate their results to others via brilliant images and compelling animations. The company’s products are used by more than 47,000 technical professionals around the world.
Since its founding 35 years ago, Tecplot has consistently delivered category-leading innovation to the engineering and scientific communities. Examples of this on-going innovation include Tecplot RS for oil & gas reservoir simulation, Tecplot Chorus for analyzing multiple simulations of design-space exploration data, Tecplot 360 EX for lightning-fast analysis of massive CFD simulation data, and Tecplot Focus for automating routine data analysis and plotting tasks.
For more information, please visit http://www.tecplot.com.
Margaret Connelly, Tecplot, Inc., +1 425-460-8290, [email protected]
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