2019 was a record-breaking year on many accounts. Many stock markets reached an all-time high, including the S&P 500 which topped the year over 3200. In our hometown, our beloved Toronto Raptors won the National Basketball League for the first time ever. And last but definitely not least, Jonas had a record-breaking year on the acquisition front, adding 17 acquisitions in 2019 to our ever-growing family of software companies in diverse geographies and vertical markets:
9 of our acquisitions were in North America, 5 in the UK / Europe, and 3 in Australia / New Zealand.
Jonas entered 6 new verticals, including Managed Print Services, Legal, Email Marketing, Elevator Maintenance, Childhood Development / Early Intervention, and Field Service / Compliance. The other 11 acquisitions helped to strengthen existing verticals, including Construction, Hospitality, Leisure and Salon & Spa.
Here are our 17 acquisitions of 2019:
Let’s profile a few of the businesses in more detail here:
BEC Systems: Entering the Legal Software Market
Acquisition Date: April 2019
Vertical Market: Legal
Functionality: BEC develops enterprise solutions to help law firms organize and streamline their day-to-day tasks and cases.
Headquarters: Cincinnati, Ohio
|Why Jonas: BEC CEO John Brookbank said: “We are thrilled to join the Jonas Group and eager to work with them as we take our software to the next level. With the infusion of Jonas resources and backing, we’re confident in our ability to expand services and innovate our product offerings. Our family business has grown over the years because we’ve listened to our customers and worked to address their ever-changing needs. It was clear from the beginning that Jonas shares our belief that personal service is the cornerstone of success.”|
Uniware Systems: Expanding our presence in the UK Cashless POS Market
Acquisition Date: August 2019
Vertical Market: Cashless POS Systems
Functionality: Enterprise EPOS, Payment, Ordering, Loyalty and Inventory solutions for the hospitality and retail markets.
Headquarters: Rochester, United Kingdom
|Why Jonas: Managing Director Mike Brand said: “Jonas is the right home for Uniware as they continue to expand their presence in hospitality and retail payment operations around the world. They recognize both the value of our technology and the tenure and vertical focus of our team. I know Uniware will continue to grow and prosper under their stewardship.”|
Pacsoft International: Building out our Marina vertical
Acquisition Date: October 2019
Vertical Market: Marina
Functionality: PacsoftNG makes it simple for marina, boatyard, and shipyard managers to efficiently run all aspects of their business, including operations, administration, accounting, management, and business analysis.
Headquarters: Auckland, New Zealand
|Why Jonas: Pacsoft Chief Executive Chris Thomas said the acquisition would provide his team with increased business skills, greater financial resources and access to new technology.|
Global M&A Leaders
Jonas has completed over 90 acquisitions in the last 15 years in over 25 verticals. We offer autonomy and decentralized decision making, a buy-and-hold forever promise (we never sell our businesses), and a culture of sharing best practices. We are actively looking to have dialogue with vertical market software leaders and M&A brokers. If you own a vertical market software business or work with clients who do, our M&A professionals would welcome the chance to connect with you. 2019 was a great year and we can’t wait for what 2020 has in store!