Wallingford, Oxfordshire, August 1st, 2023 – Vesta Software Group (“Vesta”), a subsidiary of Jonas Software (“Jonas”) is pleased to announce the acquisition of GSoft, this will be Vesta’s fifth acquisition in Uruguay. GSoft was founded in 1999 and is focused on electronic invoicing, payment solutions and point of sale systems for retail and restaurants.
“We are really excited to add GSoft to Vesta’s growing portfolio of companies in Latin America. They have a great technological and vertical fit with our current companies and have a proven track record of growth, coupled with an amazing team, full of energy and charisma” said Richard Clancy, Group CEO at Vesta. “The continuation of our buy and hold forever message, and transparent process has demonstrated again that Vesta Software Group is a great fit for vertical market software companies in the region.”
Jose Luis Somma, founder of GSoft added: “Today our great strength is our solid team and the loyalty of our customers. Being part of Vesta will allow us to provide our team with a greater growth projection and for our clients to continue receiving the service they deserve, strengthening their quality day by day with the experience that we will acquire by being part of this group. With this acquisition we will begin a new stage as a company, and we are very excited about what is to come.”
Since its inception in 1999, has been dedicated to developing technological solutions in health, finance, and payment methods industries. Since 2012, it has been able to identify the opportunities that digital technology presents and has become an electronic invoicing provider for Uruguay, expanding throughout the country and positioning itself alongside great leaders with point-of-sale solutions focused on automation of all business processes for companies.
About Vesta Software Group
Vesta Software Group operates over twenty independent software brands in a variety of vertical markets globally, enabling each to become clear leaders in their industry. As a subsidiary of Jonas Software, the group focuses on strengthening businesses within the markets in which it competes – whether through organic measures such as new initiatives or product development, day-to-day business, or growth through acquisition. Vesta Software Group’s ultimate parent company, Constellation Software Inc, is publicly traded in Canada (TSX: CSU) and is one of the largest owners and acquirers of vertical market software companies in the world.