Gary Jonas Computing Ltd, a subsidiary of Constellation Software Inc (TSX: CSU), has acquired the assets of PAR Springer-Miller Systems‘ hotel technology business from PAR Technology Corp (NYSE: PAR). No financial terms were released. Founded in 1984, Springer-Miller has a presence in hotel and spa markets in North America, Europe and the Asia-Pacific region. Toronto-based Constellation, an acquirer, manager and builder of vertical market software businesses, is a portfolio investment of OMERS Private Equity.
Constellation Software’s Jonas Division Completes Acquisition of PAR Springer-Miller Systems
TORONTO, ONTARIO–(Marketwired – Nov. 4, 2015) – Constellation Software Inc. (“Constellation”) (TSX:CSU) today announced that its wholly-owned subsidiary, Gary Jonas Computing Ltd., and certain of its affiliates (“Jonas”) acquired the assets of PAR Springer-Miller Systems hotel technology business (“Springer-Miller”), a division of PAR Technology Corporation (NYSE:PAR).
“Springer-Miller, with its strong global presence in the hotel, resort and spa markets, is an exciting addition to the Jonas group of companies,” said Barry Symons, CEO of Jonas. “We are extremely enthusiastic to welcome the Springer-Miller dedicated employees and customers around the world into the Jonas family.”
About PAR Springer-Miller Systems:
Since it was founded in 1984, Springer-Miller Systems has been a technology innovator for the hotel and spa market. With offices in the United States, Canada, Europe and the Asia-Pacific region, Springer-Miller is focused on providing first-class software and service to all of its customers and in turn to their guests and clients. It offers solutions for the full spectrum of the hospitality market, from boutique hotels and independent resorts to international chains and luxury spas, all backed by a global service network.
Jonas is a leading provider of enterprise management software solutions to a number of industries. Jonas now has over 60,000 customers, in over 40 countries worldwide. Jonas’ focus is on creating long term relationships with our customers and ensuring that we meet and exceed their software and service needs.
About Constellation Software Inc.
Constellation Software acquires, manages and builds vertical market software businesses that provide mission-critical software solutions.
Constellation Software Inc.
Chief Financial Officer
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