Wallingford, Oxfordshire, July 6th, 2023 – Vesta Software Group (“Vesta”), a subsidiary of Jonas Software (“Jonas”) is pleased to announce the acquisition of Uruware, this will be Vesta’s fifth acquisition in Uruguay. Uruware was founded in 2007 and is one of the market leaders in Uruguay for electronic invoicing software.
“Vesta is thrilled to be adding Uruware to the group. Uruware has shown exceptional growth over the last decade and is now regarded as one of the leading suppliers of e-invoicing solutions to the Uruguayan market” said Richard Clancy, Group CEO at Vesta. “This latest acquisition demonstrates that our buy and hold forever strategy is key to our growth in LATAM. Uruguay is a great country to invest in software technology, and Vesta is building a core technology ecosystem for staff, owners and partners to thrive in.”
Diego and Leonardo Zabaleta, co-founders of Uruware added: “This acquisition marks a significant milestone in our trajectory and represents an excellent opportunity for growth and expansion of the company. Throughout the years, we have witnessed the process of adopting electronic invoicing in our country, and we are proud to be one of the leading companies in this market. We strongly believe that becoming part of the Vesta Software Group will bring us new challenges and opportunities to grow even further, expanding into new markets and allowing us to continue to innovate.”
Since its foundation in 2007, Uruware has been dedicated to building transactional solutions for electronic data interchange between companies. Since 2012 it has been a leader in electronic billing solutions, providing reliable technological tools that allow its clients to optimize their billing processes.
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.