TORONTO – November 20, 2018 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to Leonardo Worldwide Corporation (Leonardo) on its sale to Jonas Software.
Toronto-based Leonardo is a leading provider of digital asset management and digital marketing solutions for the Global Hospitality Industry. The company’s software platform lets hotels, hotel chains and management companies showcase their properties and amenities across the web to drive more bookings and revenue.
Jonas Software is an operating group of Constellation Software Inc. (TSX: CSU) and operates over 75 independently managed software brands around the world. The company supplies industry leading enterprise management software and related services to more than 70,000 customers across 20 vertical markets including fitness, membership, hospitality, industrial, construction and club management.
“The hospitality software sector represents a huge addressable market globally, and the space is rapidly consolidating as diversified scale players and private equity firms are seeking out best-of-breed independents,” said Larry Phillips, Managing Director, Mooreland Partners. “Jonas’ acquisition of Leonardo represents our second assignment in travel and hospitality this quarter, following on Social Tables’ acquisition by Cvent,” he added.