Axoft acquired by Vela LatAm to enter Argentine market

Vela LatAm, a subsidiary of the Canadian group Constellation Software, has acquired the Argentine management software company Axoft. This transaction marks the formal entry of Constellation Software into the Argentine enterprise software market.

Founded in 1983, Axoft is a prominent provider of Enterprise Resource Planning (ERP) systems, electronic invoicing, and management tools for small and medium-sized enterprises (SMEs). The company serves approximately 79,800 clients through a network of over 200 sales centers.

Under the acquisition terms, Axoft will continue to operate independently. This move follows several other acquisitions by Vela LatAm across Latin America, including recent deals in Brazil, Chile, and Colombia. While the specific financial terms of the deal were not disclosed, industry sources estimate the transaction to be worth several tens of millions of dollars.