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Volaris Acquires RAF Technology

Provider of postal and parcel technology acquired from Matthews International
September 5, 2023 – Toronto, ON – Today Volaris Group announced the acquisition of RAF Technology, a global leader in pattern recognition technology. RAF offers data capture and verification software products that enable postal, courier, and logistics companies to read, identify and track shipping items. 
“Enabling the efficient and accurate operation of post and parcel services is a key function of our modern economy and RAF’s technology offers their customers a mission-critical component for their operations,” said Alice Luo, Chief Strategy Officer at Volaris Group. “Joining Volaris Group provides the opportunity to continue to grow the business and offer the highest level of service to customers.” 
Over its 25-year history RAF Technology has built a multi-layered and module-oriented set of AI-driven software components, hardware interfaces, and databases that enable advanced optical character recognition products. RAF’s software detects and extracts machine print and handwritten data from mail and parcels. RAF serves both US and global customers that rely on this expertise to deliver mail sorting, parcel logistics, warehouse inventory tracking,, and signature verification. 
“Joining Volaris positions RAF well for our next chapter. The Volaris investment approach provides our customers and team with stability. We are excited to access Volaris best practices and global community of software leaders as we work to grow,” said David Reeves, General Manager of RAF. 
RAF will continue to operate independently under the leadership of David Reeves. 
About Volaris Group
Volaris acquires, strengthens, and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete, enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at 
For more information:  
Ryan Hill
Volaris Group
Tel: +1 416-831-0305