--- title: VELA SOFTWARE ACQUIRES PROARC description: Vela Software acquires ProArc unit of Tieto Oyj, a leading software provider of technical document management solutions to the engineering & construction industry --- [Skip to content](https://www.carinasw.com/news/vela-software-acquires-proarc#main-content) [![Carina Logo with Tagline](https://www.carinasw.com/hubfs/Website%20Assets/Logos/Carina%20Logo%20with%20Tagline.svg) ![Carina Logo without Tagline](https://www.carinasw.com/hubfs/Website%20Assets/Logos/Carina%20Logo%20without%20Tagline.svg)](https://www.carinasw.com) - [Home](https://www.carinasw.com) - [Portfolio](https://www.carinasw.com/portfolio) - Process - [How We Aquire](https://www.carinasw.com/how-we-acquire) - [For Owners & Operators](https://www.carinasw.com/owners-operators) - [For Advisors & Brokers](https://www.carinasw.com/advisors-brokers) - [For Divestiture or Carve-out Teams](https://www.carinasw.com/divestiture-or-corporate-carve-outs) - [Institutional Investors](https://www.carinasw.com/institutional-investors) - [News](https://www.carinasw.com/news) - [About](https://www.carinasw.com/about) - [Join Carina](https://www.carinasw.com/contact-us) ###### 1 min read # VELA SOFTWARE ACQUIRES PROARC By: [Carina](https://www.carinasw.com/news/author/carina) Jan 31, 2018 [New Acquisition](https://www.carinasw.com/news/tag/new-acquisition) Vela Software acquires ProArc unit of Tieto Oyj, a leading software provider of technical document management solutions to the engineering & construction industry. Toronto, ON, Canada – Jan 31, 2018 – Vela Software has acquired [ProArc](https://proarcedms.com/) unit of Tieto Oyj, a leading software provider of technical document management software to the engineering & construction industry. John Billowits, CEO of Vela: “ProArc is the leading provider of technical document management software serving Engineering & Construction companies in the Oil & Gas, Transportation, and Energy markets. ProArc represents our first acquisition in Norway, and our second in the Nordic region, an area in which we are committed to growing. By joining Vela, ProArc will gain access to Vela’s and Constellation’s operating expertise across 200+ software businesses, our financial strength, and our global infrastructure. As a permanent-hold investor, we look forward to supporting and bolstering ProArc’s market leadership in the Nordics—as well as globally—for the long run.” **About Vela** [Vela Software](https://velasoftwaregroup.com) is a global provider of software solutions to a number of vertical industries. As an Operating Group of Constellation, 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. [View All News](https://www.carinasw.com/News) ## [VELA SOFTWARE ACQUIRES CEI](https://www.carinasw.com/news/vela-software-acquires-cei) Vela Software acquires CEI, specialized provider of pressure vessel design and welding software... ## [CEI GROUP ACQUIRES NEW FORESTRY SOFTWARE VERTICAL](https://www.carinasw.com/news/cei-group-acquires-new-forestry-vertical) **Stockholm, SE (January 31, 2023)** [Vela Software Group](https://velasoftwaregroup.com/) (“Vela”), an operating group of Canadian... ## [VELA SOFTWARE ACQUIRES MARON SYSTEMS](https://www.carinasw.com/news/vela-acquires-maron-systems) Vancouver, British Columbia - June 9, 2023 - [Vela Software Group](https://velasoftwaregroup.com/) (“Vela”), an operating group of... [![carina-white](https://www.carinasw.com/hubfs/Website%20Assets/Logos/carina-white.svg)](https://carinasw-21708005.hs-sites.com/better-growth-through-innovation-acquisition-carina-software-group)   ##### Our Mission Our Mission Carina acquires, equips and enables software companies to reach their true potential. ##### Contact Contact 360 Adelaide Street West, Suite 500 Toronto, Ontario. M5V 1R7 Canada  [tel:1.416.861.2279](tel:1.416.861.2279) [+1 (416) 861 2279](tel:1.416.861.2279) ##### Quick Links Quick Links - [About Carina](https://www.carinasw.com/about) - [Portfolio](https://www.carinasw.com/portfolio-old) - [How We Acquire](https://www.carinasw.com/how-we-acquire) - [Industry News](https://www.carinasw.com/news) - [Careers](https://careers.carinasw.com) - [Contact Us](https://www.carinasw.com/contact-us) - [Privacy Policy](https://www.carinasw.com/privacy-policy) © 2026 Carina