Volaris Group Inc, a division of Constellation Software Inc, has bought Kinetic Solutions Ltd, a Cranfield, U.K.-based provider of event and accommodation software management solutions to educational institutions, venues and conference centres. The financial terms of the transaction were not released. Volaris said the acquisition expands its footprint in the asset management and logistics vertical for higher education. A Canadian software and services business, Constellation has been a portfolio investment of OMERS Private Equity since 2000.
Volaris Group Acquires Kinetic and Expands Presence in Asset Management and Logistics Vertical
Toronto, Ontario – January 05 2015
Volaris Group Inc. (“Volaris”) today announced that it has acquired Kinetic Solutions Ltd. (“Kinetic”), a leading provider of comprehensive solutions for student accommodation, conference and event management to Higher Education institutions, venues and conference centres. With this acquisition, Volaris expands its footprint in the Asset Management & Logistics vertical specifically for Higher Education.
Headquartered in Cranfield, UK, Kinetic has been serving the Housing and Conferencing departments within the Higher Education market since 1998. Its core products focus on integrated conferencing and venue management software as well as comprehensive student accommodation solutions to manage the entire student housing process. The company also works with unique complex venues such as conference centres, theme parks and stadia. The company’s customers are located throughout the UK and United States including University of Warwick, University of Edinburgh, University of Kent, Woodland Grange Conference Centre, UC Berkeley, Michigan State University and University of Nebraska-Lincoln.
“We are very excited about the possibilities ahead of us for both our customers and our employees,” said Chris Wildsmith. “Volaris’ commitment to success through organic growth initiatives and their expertise in operational mentoring align perfectly with our company’s vision and values.”
Led by Wildsmith, the company continues to serve its customers under the Kinetic Solutions brand with support from Volaris Group and a strong management team in place. Kinetic joins AssetWorks and Boss Software, in Volaris’ Asset Management & Logistics vertical. AssetWorks provides complementary integrated workplace management solutions that provide Higher Education institutions with better oversight and utilization of facilities and real estate, while Boss Software provides parking management solutions to colleges and universities throughout the United States.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com.
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