Vesta Software Group Acquires Qwantec Ingenieria Limitada (“Qwantec”)

This will be Vesta’s first acquisition in Chile & Peru and the fifth in LATAM. Qwantec was founded over 14 years ago and is dedicated to the provision of hardware and software in the areas of employee attendance and workforce management. Since its founding, Qwantec has focused on developing its solutions for its SME and Enterprise clients throughout Chile and Peru. The company has over 8,000 clients in the region.

“Qwantec has an incredible track record in their sector. They have been delivering high quality products to various industry verticals within Chile and Peru, to assist their clients in the complex task of recording time and attendance workforce data” said Richard Clancy, Group CEO at Vesta. “This acquisition will further strengthen Vesta’s mission to expand its buy and hold forever portfolio of high quality, mission critical vertical market software companies throughout South America.”

Oscar Granadino Horvath and Álvaro Vásquez Salinas, co-founders of Qwantec added “We are very happy with the trajectory and sustained growth of Qwantec which has now allowed us to be part of one of the largest technology groups in the United Kingdom and Canada, but without a doubt it is even better news for our more than 8,000 clients in Chile and Peru who will receive even better products and services in the future.”

About Qwantec

Qwantec is a market leading company in technological solutions for personnel management and attendance control in Chile and Peru. They have more than 14 years of experience optimizing the processes for more than 8,000 clients

About Vesta Software Group

Vesta Software Group operates over twenty independent software brands in a variety of vertical markets globally, enabling each to become clear leaders in their industry. As a subsidiary of Jonas Software, the group focuses on strengthening businesses within the markets in which it competes – whether through organic measures such as new initiatives or product development, day-to-day business, or growth through acquisition. Vesta Software Group’s ultimate parent company, Constellation Software Inc, is publicly traded in Canada (TSX: CSU) and is one of the largest owners and acquirers of vertical market software companies in the world.

About Jonas Software

Jonas Software operates over 125+ 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.

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