Vesta Announces Acquisition of MWC Partners

Wallingford, United Kingdom, June 10th, 2024 – Vesta Software Group (“Vesta”) is pleased to announce the acquisition of MWC Partners Ltd. (“MWC”), a specialist in retail payments technology with expertise in the integration of point-of-sale software and payment systems for global payment service providers.

Richard Clancy, Group CEO of Vesta, stated “Today we welcome MWC into our portfolio. MWC’s status as the leading independent vendor of Cegid Retail in the UK and the company’s proven ability to develop, deliver and maintain integrations between POS software and global payment service providers, will enhance Vesta’s existing presence in the merchant services market. We look forward to supporting the company, its employees and clients in growing and strengthening their service offerings.”

Steve Watson and David Mahoney, MWC Partners’ founders, shared their perspective on the acquisition, saying, “When we founded MWC Partners eleven years ago, we had a vision of delivering market-leading solutions and services into the retail sector and we have been proud of our achievements to date. We have also developed, during this same period, a widely recognised expertise in integrating POS solutions with payment software, which has resulted in our working with many of the world’s largest PSPs.

Deciding to move to the next phase of the company’s evolution was made easier by Vesta’s style and vision for the future. Our goals, ambitions and values are very much aligned, and we are confident that with Vesta’s backing, we will continue to grow and offer the same level of services to our existing customer base and into new markets.”

About MWC Partners

Founded in 2013, by Steve Watson and David Mahoney, MWC Partners have brought together retail technology that offers the very best retail store systems available – systems that are designed to make the process of operating stores in today’s omni-channel retail world as simple, connected and streamlined as possible. Building on its expertise in the store systems market, the company also provides a design, develop and support service for Global Payment Service Providers, to integrate their payment systems to Cegid Retail and to a wide range of other point of sale software solutions.

About Vesta

Vesta Software Group operates over thirty independently managed software brands around the world, providing them with the strategic guidance and financial security required to be leaders in their respective markets. From its roots in the Education market, Vesta’s reach has grown extensively across the world with companies located in Chile, Peru, Uruguay, UK, Germany and Hungary. Today, Vesta Software Group is proud to supply industry leading enterprise management software and related services to more than 50,000 customers worldwide across dozens of varied industry verticals. Vesta is wholly owned by Constellation Software Inc. (TSX:CSU) through the Jonas Software operating group.

About Jonas Software

Jonas Software operates over 150 independently managed software brands around the world, providing them with the strategic guidance and financial security required to be leaders in their respective markets. From its roots formed in the construction and club management markets, Jonas Software’s reach has grown extensively within the fitness, membership, hospitality, and industrial verticals. Today, Jonas Software is proud to supply industry-leading enterprise management software and related services to more than 80,000 customers in over 40+ vertical markets.