Friedman Announces Acquisition of Apparel21

 

03 December 2014 – Deerfield, IL, United States – Friedman Corporation (“Friedman”), a division of Vela Software International, has completed the acquisition Apparel21 Pty Ltd.

Apparel21 is based in Melbourne, Australia, and specialises in ERP software solutions for the fashion industry, including product planning and development, supply chain management, inventory control, wholesale distribution, retail distribution, point-of-sale, and financial control.

As a result of the acquisition, the Apparel21 business will operate as an independent division of Friedman’s Markinson Technologies group, and will continue to develop, enhance, service, and support their software solutions in order to provide a competitive edge to its customers.

Mark Thompson, Chief Executive Officer of Friedman, commented "The acquisition of Apparel21 builds on our presence in the Australia and Asia-Pacific region, complements our existing operations in the fashion industry, and increases our footprint in the apparel retail and distribution sectors."

Luke Haites, Chief Executive Officer of Apparel21, adds “This is an exciting development for both the Apparel21 business and our customers. Being part of Markinson and the Friedman Operating Group will provide a strong corporate platform and access to resources and expertise which will improve the product portfolio and extend market reach, while at the same time we continue to provide first-class service to our customers.”

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 Software 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.