Engineering and maintenance software specialist Commsoft has been sold to Montreal-based software investor Valsoft for an undisclosed amount.
Commsoft says operations will remain the same with the continued development of its OASES platform, along with its other products and services based out of Tiptree in Essex, England.
At the management level, the company’s directors, Gary Pollak, James Stock, David Pusey, will remain in place for the foreseeable future to oversee a smooth transition, while Nick Godwin will remain as managing director.
Commsoft was founded in 1971 and won its first airline contract with defunct British carrier Laker Airways four years later. OASES’s predecessor software was released in 1976, eventually leading to today’s software used by a mix of airlines, MRO providers, lessors, cargo carriers, charter airlines and specialist rotable stockists. As of September 2019, OASES has more than 130 aviation customers worldwide.
Valsoft was founded as Valnet in June 2011 by a group of technology entrepreneurs based out of Montreal. One of its co-founders, Stephane Manos, who is also head of M&A at the company, said in a statement: “We plan to invest tens of millions in the aviation software space through additional acquisitions and the development of complementary technologies.”
Commsoft will join a stable of other software companies under Valsoft’s ownership which include hotel management software specialist InnQuest, car rental software vendor Thermeon and loan originator Credex Systems.