Vela Software Enters Thailand, Acquires CAN Innovation
The Canadian tech subsidiary has acquired Thai firm CAN Innovation, a leader in distribution management software, to expand into Southeast Asia.
Vela Software Group, an operating arm of Canadian tech giant Constellation Software Inc. (TSX: CSU), has officially entered the Thai market with its acquisition of CAN Innovation Co., Ltd., a leading local provider of distribution management software.
The deal, announced on October 2, 2025, marks a significant milestone for Vela as it plants its flag in Thailand, signaling a reinforced commitment to long-term growth across the burgeoning Southeast Asian tech landscape.
Founded in 2012, CAN Innovation is known for its flagship product, Salestools, a software platform designed to help manufacturers and distributors streamline their complex supply chain operations, optimize salesforce management, and adapt to rapidly changing market dynamics.
By joining Constellation Software's vast global portfolio of over 1,300 software businesses, CAN Innovation gains access to significant resources and global industry best practices. The move is expected to accelerate product development and enhance service quality for its client base.
CAN Innovation’s leadership expressed optimism about the future. “We are thrilled to join Vela Software in this transformative journey,” said Nuttakrit Phatanarajta, Founder & CEO of CAN Innovation. “Their global expertise and long-term vision will enable us to elevate our solutions.”
Chotichai Kraisuraphong, the company’s Founder & CTO, added, “This partnership equips us with the tools and support to push the boundaries of our technology, ensuring we continue to meet the evolving needs of our customers.”
From Vela's side, the acquisition is a strategic fit. “The acquisition of CAN Innovation aligns perfectly with our vision to partner with exceptional software businesses in Southeast Asia,” commented My Le, CEO of Vela Software Southeast Asia. “CAN Innovation’s innovative solutions and talented team will strengthen our regional presence.”
Under the terms of the acquisition, CAN Innovation will maintain its current leadership, with both Mr. Phatanarajta and Mr. Kraisuraphong continuing in their roles. The team will leverage the scale and expertise of Vela Software while continuing its focus on operational excellence.
This acquisition solidifies Vela Software’s strategy of building a diverse, global portfolio of vertical market software companies and marks a notable new entry into Thailand's vibrant technology sector.
