Markham, Ontario, Canada - Vertus Group (formerly Jonas Software's Club & Hospitality Portfolio) is pleased to announce that it has acquired Leonardo Worldwide Corporation ("Leonardo"), a leading provider of digital assets management and digital marketing solutions for the global hospitality industry.
"Leonardo, with its long-standing market leadership and deeply experienced team, will expand the depth of the enterprise solutions we have within Vertus Group's portfolio," said Jim Fedigan, Group CEO of Vertus Group. "We are very excited to welcome Leonardo's dedicated customers and employees to our organization."
"Management is delighted to be part of Vertus Group and the Constellation Software family, an organization with a successful track record founded on buying, nurturing, and building great vertically-focused software companies and, through the implementation of best practices, will set the foundation for a successful future," says Mark Charlinski, CEO of Leonardo. "The Vertus Group team has extensive experience in supporting software businesses focused on the hospitality industry, ensuring long-term support and success for Leonardo's customers."
Advisors
Mooreland Partners LLC served as M&A advisors to Leonardo and Davies Ward Phillips & Vineberg LLP acted as legal counsel to Leonardo. McCarthy Tétrault LLP acted as legal counsel to Vertus Group.
About Leonardo Worldwide
Founded in Toronto, Ontario, Canada in 2000, Leonardo helps hotel generate more bookings and revenue, and contributes to better travel experiences by making it easier for guests to select the hotels that meet their needs and expectations. Leonardo's technology platform lets hotels, hotel chains and management companies showcase their properties and amenities across the web to drive more bookings and revenue. Leonardo has engaged partnerships with global hotel chains, leading travel websites and thousands of hotel properties.
About Vertus Group
Vertus Group operates over 20 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 club management and hospitality markets, Vertus Group's reach has grown extensively and expanded to new verticals like dispute management and developer tools. Today, Vertus Group is proud to supply industry-leading enterprise management software and related services to businesses in more than 100 countries across multiple verticals.
Back to News & Resources
