CORA Group Announces Acquisition of Volanté Systems

Warminster, PA., October 24, 2024 – CORA Group (“CORA”), a leader in strategic acquisitions of software companies, announced today that it has acquired Volanté Systems (“Volanté”), a cloud-based software provider for the food service industry. This acquisition will strengthen CORA’s portfolio of innovative SaaS solutions, enhancing its offerings for clients in the food service sector.

Volanté will continue to operate as a standalone brand, with Sunil Selby remaining as the CEO. Volanté will join Heather Klassman’s portfolio, further expanding CORA’s expertise in the food service sector. This strategic acquisition positions CORA to further support its clients by providing advanced, cloud-based management tools that streamline operations and improve customer experiences.

Sunil Selby, CEO of Volanté, expressed enthusiasm for the partnership, stating, “Since Volanté’s inception, our goal has been to transform how food service businesses manage their operations through innovative technology. By partnering with CORA, we are excited to take Volanté to the next level, providing our clients with even more robust and scalable solutions.” Sunil added, “CORA’s proven track record in scaling software companies make them the ideal partner for us. This acquisition will enable Volante to expand its reach, innovate faster, and continue delivering best-in-class software to our clients.”

“We are thrilled to welcome Volanté Systems into the CORA Group family,” said Matt Otchet, CEO of CORA Group. “Volanté’s industry expertise and innovative software align perfectly with our mission to grow and strengthen our technology offerings in the food service sector. This acquisition is a strategic step forward in our expansion, and we look forward to the continued success of Volanté as part of CORA.”

Software Equity Group (SEG) served as the exclusive advisor to Volanté on the transaction. Brad Weekes, Managing Director at SEG, commented, “It was a privilege to guide Volanté Systems through this process. Our extensive experience in healthcare SaaS and mission-critical, enterprise-grade business management systems enabled us to identify CORA as the ideal partner for Volanté’s next growth phase. We’re confident that, under CORA’s leadership, Volanté will continue delivering exceptional value, enhancing front and back-office operations, and serving as a critical system of record for clients across these pivotal sectors.”

About Volanté Systems:

Volanté Systems is a leading technology company specializing in comprehensive and scalable Point-of-Sale (POS) software solutions tailored specifically for foodservice enterprises.

About CORA Group

CORA Group

CORA Group is a collective organization redefining advancement through the acquisition, strengthening, and growth of over 30 independent software brands worldwide. Our roots in construction and foodservice have expanded to include debt collection & recovery, wine/spirits, moving/storage, loyalty, legal, and long-term care verticals. Today, we are proud to serve over 50,000 customers in 10+ markets with industry-leading enterprise software and related services. CORA Group operates as one of the primary operating groups under Jonas Software, a subsidiary of Constellation Software Inc. (TSX: CSU). This relationship reinforces CORA’s commitment to delivering industry-leading solutions and benefiting from the extensive resources and support provided by Jonas Software and Constellation Software Inc.

Contact Information

For more information, please contact:

CORA Group

George Chalmers

Associate Director, M&A Corporate Development

[email protected]

https://thecoragroup.com

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.