Fox Williams advises Vela Software Group on its acquisition of Interica

April 8, 2020

Fox Williams advised Vela Software Group (“Vela”) and its subsidiary Petrosys, on the acquisition of Interica. Interica is a company well known for its industry leading archive solution PARS™ and has been providing information management software and consultancy services in oil and gas for over 20 years. The transaction completed on 22 February 2020.

Petrosys’ ethos of allowing acquired companies to retain their individual identities and cultures will allow Interica to remain an 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. Completion of the transaction 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.

Working closely with the Vela in-house team, the Fox Williams team was led by Head of Corporate Richie Clark, principally assisted by corporate associate Priya Mattu and tax director Joanne Varia.

Richie Clark said: “We were delighted to help the Vela Group acquire Interica and bring together two globally recognised data management brands.”

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 specialised, mission-critical software solutions.

About Petrosys

Petrosys is the industry-leader in mapping, surface modelling 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.


Related pages:

Corporate more

Mergers and Acquisitions more

Technology and Online more

Technology, Media & Digital more


For more information

 image

Richie Clark
Partner
Direct dial: +44 (0)7894 395 170
rclark@foxwilliams.com

 image

Joanne Varia
Tax Director
Direct dial: +44 (0)7736 621 180
JVaria@foxwilliams.com

 image

Priya Mattu
Associate
Direct dial: +44 (0)7715 994 846
pmattu@foxwilliams.com

Accreditations

  • Top Ranked Chambers UK 2014 - Leading Firm
  • Ranked in Chambers Europe 2013 - Leading Individual
  • Ranked in Chambers Global 2014 - Leading Firm
  • Legal 500 - Leading Firm
  • The Lawyer UK 200 - Listed Firm
  • The Law Society Excellence Awards 2012 - Shortlisted
  • Investors in People - Bronze