Toronto, Ontario, March 30, 2018 – Jonas Software (“Jonas”) is pleased to announce the acquisition of substantially all the assets of XLerant, Inc. (“XLerant”), a leading provider of cloud-based budgeting, forecasting and reporting solutions software. XLerant’s premier product, BudgetPak, is designed to facilitate collaborative, decentralized budgeting and has been recognized for outstanding usability, quick implementation and exceptional support.

“We are very excited about the acquisition of XLerant. XLerant offers budgeting, forecasting and reporting software solutions that enable finance teams to make effective strategic decisions and help organizations prosper. With a strong customer base in the higher education, business services and nonprofit sectors, XLerant is a great addition to Jonas’ portfolio,” said Mike Korbel, General Manager at Jonas.

“We are very pleased to be acquired by, and to join, the Jonas family,” said Joanne E. Brunn, CEO of XLerant. “This partnership provides us with an amazing opportunity to expand and execute on our vision – to help organizations easily and effectively engage their employees in budgeting for a more accurate bottom line.  We look forward to this next chapter and the opportunity to help our customers achieve their goals.”

About XLerant, Inc.

XLerant was founded in Stamford, Connecticut, USA in 2008. XLerant provides cloud-based budgeting, forecasting and reporting solutions designed with easy to use interfaces. XLerant’s software-as-a-service (SaaS) solutions serve small to mid-size enterprises who value collaborative environments as an effective way to engage employees and achieve their strategic objectives.

About Jonas Software

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.