Vancouver, British Columbia - Navarik, a division of Vela Software Group (“Vela”), an operating group of Constellation Software Inc. (TSX: CSU), announces the acquisition of TIC Systems, a leading provider of software solutions for Testing, Inspection, and Certification (TIC) companies worldwide. TIC Systems’ flagship product, Inspection Management System (IMS), is designed to streamline inspection workflows and centralize essential functions such as inspection reports, lab test results, billing, and invoicing.
“We are excited to welcome TIC Systems to the Navarik family. Together, we’re keen on combining our expertise and customer-focused approach to enhance the efficiency, transparency, and reliability of the cargo inspection process.” said Navarik CEO William Cyr. “This strategic acquisition lays the groundwork for advancing the testing, inspection and certification within the commodity trading industry, delivering lasting value and continuous improvement for our customers.”
TIC Systems will continue to operate under the guidance of Navarik and Vela, ensuring uninterrupted service for its global customer base.
About Navarik
Navarik is a division of Vela Software Group (“Vela”), part of the Constellation Software (TSX:CSU) portfolio of companies. Navarik acquired Maron Systems in 2023, further expanding offerings to the midstream and downstream sectors.
Navarik is a leading global commodity management software provider for the energy sector. Navarik’s cloud-based, ISO-certified, and vertically integrated solutions leverage digital innovation to simplify hydrocarbon nominations. Designed to deliver measurable efficiency gains, Navarik empowers clients with integrated tools that drive operational performance, growth, and long-term success.
About Vela
Vela is a global provider of software solutions across various industries. Focused on long-term growth, Vela acquires, manages, and supports specialized software businesses that deliver mission-critical solutions. By providing industry expertise, operational support, and access to resources, Vela helps its companies strengthen their market position and continue delivering value to their customers.
