Pittsburgh, Pennsylvania, USA - Vertus Group ("Vertus") is excited to announce its acquisition of Aptech, a pioneer of financial software technology specifically built for the hospitality industry. With this acquisition, Aptech becomes part of Jonas Hospitality, a family of technology brands under Vertus Group that provide innovative solutions to all segments of the hospitality industry.
Based in Pittsburgh, PA, Aptech is a leading provider of financial software and services to the hospitality industry, including accounting, business intelligence, and budgeting/forecasting solutions that leverage technology to solve business problems and increase profitability for its customers.
"Aptech has been one of the main providers of accounting software for the hospitality industry for many years and has a long history of success. The company's success is directly tied to its team's ability to forge and foster personal relationships with each client. Their continued support throughout the client journey combined with such innovative technology makes Aptech a great addition to Jonas Hospitality," says Jim Fedigan, Group CEO of Vertus.
Aptech's solutions are 100 percent hotel-specific and include PVNG hospitality accounting, Execuvue business intelligence, and Targetvue budgeting and forecasting. All applications can operate independently or be fully integrated to create a robust financial suite. Aptech's clients comprise more than 3,500 properties, ownership groups, multiple property management companies and single-site hotels.
"Aptech's years of success are based upon creating and valuing partnerships with our customers. We are thrilled to continue our success with the like-minded brands of Jonas Hospitality. Jonas Hospitality's customer-centric approach to building innovative solutions matches Aptech's commitment to customer service, and as part of this dynamic group, we now have more tools and resources to support our clients and their future success," states Jill Wilder, President of Aptech.
"With the addition of Aptech and its financial solutions, the Jonas Hospitality Unified Platform can truly offer a comprehensive platform of hospitality solutions that bridge the gap between all-in-one and best-of-breed. Aptech's team, solutions, and clients bring a wealth of knowledge and years of experience, and will continue to do so. We are excited to bring this innovative group of industry leaders to our family of brands," says Jake Lewis, President of Jonas Hospitality, Property Systems.
The acquisition process was facilitated by Ponterra Business Advisors.
About Aptech
From its entrepreneurial beginnings, Aptech has been a pioneer of hospitality software technology, delivering innovative solutions for over 50 years with a vision of connecting people with the relevant data needed to solve significant problems in the hospitality service industries.
Aptech's integrated suite of solutions includes PVNG, Execuvue®, and Targetvue, which comprise an integrated technology ecosystem designed to help hoteliers at both the corporate and property levels understand their financial and operational data and provide actionable insights. These solutions focus on enterprise scalable accounting, business intelligence, financial planning and management, and are used by more than 3,500 hotel properties across North America.
Learn more at aptech-inc.com
About Jonas Hospitality
Jonas Hospitality, Vertus Group's hospitality portfolio, is a family of brands unifying the guest journey through innovative technology.
Serving over 60,000 hotels globally, its industry-leading providers utilize cutting-edge technology solutions to meet the critical business needs of its customers. The growing portfolio of brands includes Springer-Miller Systems, SpaSoft, Jonas Chorum, Leonardo, Bookassist, Vizergy, Achiga, & Jonas UNIFY. These brands are industry leaders in their respective areas, solving a wide range of hoteliers' operational, marketing, and distribution needs.
Each brand within Jonas Hospitality has a dedicated team working on, and supporting their solutions. These brands are brought together via Jonas Unify, which allows them to bridge the gap between best-of-breed and all-in-one solutions while building high-quality, high-performing features faster.
Learn more at jonashospitality.com
About Vertus Group
Vertus Group operates over 29 independently managed software brands across 7 distinct verticals, offering them market-leading strategic guidance and unlimited growth opportunities. As a portfolio of Jonas Software and Constellation Software Inc. (TSX:CSU), Vertus Group employs the same buy-and-hold forever approach to acquisitions as its parent organizations.
The portfolio's goal is to acquire high-performing vertical market software businesses while preserving the culture and legacies that have helped make these companies successful to date.
