Markham, Ontario, Canada - Jonas Software is excited to announce the official launch of Vertus Group, marking a transformative rebranding of the Jonas Club & Hospitality portfolio. Jim Fedigan, previously CEO of Jonas Club & Hospitality, will serve Vertus as Group CEO.
Originally established in 2003, the portfolio has diligently cultivated expertise in club & hospitality software, acquiring 22 independently managed companies, expanding to 750+ employees, and establishing a vast international customer base. Today, the portfolio has diversified into new verticals, dispute management and developer tools - a strategic objective that Vertus Group will continue to actively pursue.
"Our identity signifies our group's evolution and our ambition to venture into new verticals," said Fedigan on the Vertus Group rebranding. "We are now positioned to acquire outstanding software companies in a wide array of verticals, while upholding the same dedication to people-centricity and excellence in business stewardship that defined our legacy in the club & hospitality industries."
As a division of Jonas Software, Vertus Group will uphold the same buy-and-hold forever acquisition philosophy.
On this philosophy, Fedigan continues, "We don't just think of ourselves as acquirers; we're more like partners. Joining Vertus Group brings growth opportunities and a wealth of expertise to tap into, but what really matters to us is holding onto that entrepreneurial spirit that business owners have created. Our group started as an acquisition ourselves, so our growth story is a great example of the development possible for businesses and employees within the Jonas Software and Vertus Group ecosystems."
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