Jonas Software Acquires Huntington Business Systems ("HBS")

Brisbane, Queensland, Australia – November 27, 2022 – Jonas Software (“Jonas”) is pleased to announce on the 16^th November 2022 it acquired Huntington Business Systems (“HBS”). HBS is a leading provider of Time and Attendance Management Software for small, medium, and large organizations across various industries.

HBS delivers a fully customizable cloud-based solution with the greatest performance and flexibility on the market today. The software can be tailored to meet the needs of complex payroll policies and other unique requirements to reduce organization costs and minimize risk.

“HBS is an excellent and welcomed addition to our Jonas family,” said Jeff McKee, CEO of Jonas Software ANZ. “We look forward to their fully scalable end-to-end software solutions ongoing growth across the region.”

Alison DeNicola, President and CEO of Huntington Business Systems, said, “We are delighted to become part of the Jonas family.

This acquisition provides HBS with an incredible opportunity to continue to expand our vision of handling complex payroll policies with customized solutions and superior customer support so that organizations can streamline and improve their payroll processes. We look forward to this next chapter and the opportunity to help our customers achieve their goals.”

Since its founding in 1992 HBS, and will continue to operate out of its headquarters based in Long Island, NY, servicing more than 1,500 clients across the United States, Canada and Europe.

The recent acquisition of HBS aligns with Jonas’s strategy to acquire and operate industry-specific software companies with a decentralized model. Having acquired over 130 companies, Jonas has long realized that its greatest asset is its employee base. Empowering its employees, who know the industry and products, translates into what is right for clients.

The HBS team has joined Jonas, and HBS will draw upon the added support and resources of the Jonas group. “Jonas has a buy-and-hold strategy,” says McKee. “We believe in retaining and growing the organizations we invest in over the long term.”

About Huntington Business Systems (HBS)

HBS has been operating as the leading Time and Attendance Management Software solution for over 25 years. The custom-built software solutions for clients range from 50 employees to more than 250,000 employees in several major industries. HBS’s software, Ecotime®, is designed to seamlessly integrate with an organization’s payroll, human resources, or accounting system.

About Jonas Software

Jonas Software operates over 130 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.