Markham, Ontario, November 19, 2018 – Jonas Software (“Jonas”) is pleased to announce that it has acquired Leonardo Worldwide Corporation (“Leonardo”), a leading provider of digital asset management and digital marketing solutions for the global hospitality industry.

“Leonardo, with its long-standing market leadership and deeply experienced team, will expand the depth of the enterprise solutions we have within Jonas’s hospitality portfolio,” said Jim Fedigan, Group CEO of Jonas Club & Hospitality.  “We are very excited to welcome Leonardo’s dedicated customers and employees to our organization.”

“Management is delighted to be part of Jonas and the Constellation Software family, an organization with a successful track record founded on buying, nurturing, and building great vertically-focused software companies and, through the implementation of best practices, will set the foundation for a successful future,” says Mark Charlinski, Chief Executive Officer of Leonardo.  “The Jonas team has extensive experience in supporting software businesses focused on the hospitality industry, ensuring long-term support and success for Leonardo’s customers.”

Advisors

Mooreland Partners LLC served as M&A advisor to Leonardo and Davies Ward Phillips & Vineberg LLP acted as legal counsel to Leonardo.  McCarthy Tétrault LLP acted as legal counsel to Jonas.

About Leonardo Worldwide

Founded in Toronto, Ontario, Canada in 2000, Leonardo helps hotels generate more bookings and revenue, and contributes to better travel experiences by making it easier for guests to select the hotels that meet their needs and expectations. Leonardo’s technology platform lets hotels, hotel chains and management companies showcase their properties and amenities across the web to drive more bookings and revenue. Leonardo has engaged partnerships with global hotel chains, leading travel websites and thousands of hotel properties.

About Jonas Software

An operating group of Constellation Software Inc. (TSX: CSU), Jonas Software operates over 75 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 70,000 customers in 20 vertical markets.