Vela Software to acquire Monitor.

Vela Software, a software solutions provider, to acquire Monitor, a software company. Financial terms were not disclosed. “We are excited to join the Vela group and the opportunities this will bring to the Monitor brand, products, and customers. The Ascertra business product lines have many common customers and possible functional synergies, added with a global infrastructure that will enhance the value we can deliver. Monitor clients can be confident that this move to Ascertra will strengthen our market position and ability to continue to deliver great value in the area of project cost control, whilst being assured that services, particularly trusted support, will remain unchanged,” Mike Davidson, Monitor COO.