M&A Deal Summary

Jonas Software Acquires Astute Software - Club Management Assets

On April 26, 2011, Jonas Software acquired software company Astute Software - Club Management Assets from Astute Software Solutions

Acquisition Highlights
  • This is Jonas Software’s 6th transaction in the Software sector.
  • This is Jonas Software’s 1st transaction in South Africa.

M&A Deal Summary
Date 2011-04-26
Target Astute Software - Club Management Assets
Sector Software
Buyer(s) Jonas Software
Sellers(s) Astute Software Solutions
Deal Type Divestiture

Target

Astute Software - Club Management Assets

Centurion, South Africa
Astute Software - Club Management Assets offers clubs a full suite of Club Management software including applications such as Membership/Accounting, Point of Sale, Tee Time Management and many more.

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Buyer(S) 1

Buyer

Jonas Software

Markham, Ontario, Canada
Category Company
Founded 1990
Sector Software
DESCRIPTION

Jonas Software is a provider of enterprise management software solutions to different vertical markets throughout the world. Jonas Software is based in Markham, Ontario.

DEAL STATS #
Overall 10 of 59
Sector (Software) 6 of 29
Type (Divestiture) 4 of 8
Country (South Africa) 1 of 1
Year (2011) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-15 Efficient Workflow Solutions

Grand Junction, Colorado, United States

Efficient Workflow Solutions LLC is a provider of software solutions and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-08 Fitronics

Bath, United Kingdom

Fitronics Ltd. is a provider of software to the Fitness & Leisure market, worldwide. Fitronics uses detailed market research to drive product development into solutions, processes and training packages to improve the customer experience, creating promoters of fitness & leisure brands and increasing customer loyalty.

Buy -

Seller(S) 1

SELLER

Astute Software Solutions

Centurion, South Africa
Category Company
Sector Software
DESCRIPTION

Astute Software Solutions develops operational software for niche markets using the Astute Financial and Supply Chain Solution as a core foundation. The component based architecture of this application allows for the reuse of key components in development of custom applications unique to our customers requirements without having to reinvent or recode existing functionality.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
Country (South Africa) 1 of 1
Year (2011) 1 of 1
Mergr

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