Ascertra

About Ascertra

Ascertra, formed on July 1, 2022, is the result of a strategic merger between Coreworx Inc. and the Proarc division of Proenco. This union combines approximately 40 years of expertise in providing information management software solutions. The company operates under Vela Software, a group of Constellation Software Inc., which had previously acquired Proarc in 2018 and Coreworx in Kitchener, Ontario, later that same year. The shared history of these entities dates back 20 years to a single company before they separated in 2005. In July 2022, Ascertra further expanded its portfolio by acquiring Monitor Management Control Systems, developers of the mPower project cost and performance management software.

Ascertra provides cloud-based information management software solutions designed for complex projects and asset operations, serving industries such as oil and gas, manufacturing, renewable energy, marine, construction, and rail. The company's business model centers on delivering purpose-built tools that reduce information management risk and help clients manage large volumes of project documents and information effectively. Revenue is generated through tailored pricing plans for its software and services. Clients include engineering, procurement, and construction (EPC) organizations, owner-operators, and contractors who need to manage critical engineering information and ensure compliance.

The company's product suite includes Proarc Engineering Document Management System (EDMS), Coreworx Interface Connect for interface management, and Mpower for project controls and cost management. Coreworx, originally founded in 1997, offers a platform with features like document control with version tracking, interface management to streamline communication between stakeholders, change management, and risk management. The software facilitates collaboration among project teams, automates work processes to ensure policy compliance, and integrates with other enterprise systems. A key feature is the Coreworx EDMS Connector, which links the interface management solution with a project's document management system to ensure stakeholders always have access to the latest document revisions.