Jonas Software Acquires Lean Industries

by | Jan 4, 2022 | Acquisition Announcements, Vertical - Debt Collection & Recovery

Markham, Ontario, December 23, 2021 – Jonas Software (“Jonas”) is pleased to announce the acquisition of Lean Industries (“Lean”). Lean was founded in 2005 with the purpose of delivering solutions for disputed consumer-originated financial transactions, in both the card and non-card payments space, for both fraud and non-fraud disputes. Since its founding, Lean has developed two core products. AdjustmentHub is a dispute case management software providing customers with pre-built functionality and standardized workflow interfaces to streamline and manage disputed transactions. NetworkHub is a Patent pending system providing standardized interfaces with payment networks, such as Mastercard and VISA, to orchestrate the dispute management process.

“We are thrilled to have the Lean team join Jonas Software,” said Jim Fedigan, Group CEO at Jonas. “Lean is a market leader in dispute management and we are excited for the future growth opportunities with the business.”

“We are delighted to become part of Jonas Software” said Dave Noah, CEO of Lean Industries. “It is exciting to be able to leverage Jonas’ proven best practices for software companies in order to expand our product and service offerings. Following years of searching for the right-fit-partner, we are excited to become part of Jonas Software. We will remain Lean Industries in all of our strengths and now be able to leverage Jonas’ proven best practices for software companies to fortify our operations and customer deliveries for even higher quality and expansions across our product and service offerings.”

Jim Schlegel, President of Lean Industries added, “For almost 20 years, Lean Industries has been successfully serving the financial services industry with our disputed payments technology and expertise.  Becoming part of Jonas Software marks a new chapter in our journey, and it will be one where we continue to build on the foundations of client-centricity, innovation and agility that make Lean Industries exceptional.”

About Lean Industries

Lean Industries is focused exclusively on delivering solutions for disputed consumer-originated financial transactions, in both the card and non-card payments space, for both fraud and non-fraud disputes. Lean provides their AdjustmentHub and NetworkHub software products and implementation services to large financial services companies across the United States and Europe, with dispute resolution workflows spanning debit, credit, and prepaid card payment transactions. Their software products result in a highly efficient and automated back office operational structure, with commensurate cost savings and productivity improvements.

About Jonas Software

Jonas Software operates over 110 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 30+ vertical markets.

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