MWC Partners has been acquired by Vesta Software, a Constellation Software Group company
London – CFI is pleased to announce that it acted as exclusive financial advisor to the shareholder of MWC Partners on its sale to Vesta Software Group, a Constellation Software Group company.
MWC Partners is a specialist in retail payments technology with expertise in the integration of point-of-sale software and payment systems for global payment service providers.
Vesta Software Group operates over thirty independently managed software brands around the world, providing them with the strategic guidance and financial security required to be leaders in their respective markets. From its roots in the Education market, Vesta’s reach has grown extensively across the world with companies located in Chile, Peru, Uruguay, UK, Germany and Hungary. Today, Vesta Software Group is proud to supply industry leading enterprise management software and related services to more than 50,000 customers worldwide across dozens of varied industry verticals. Vesta is wholly owned by Constellation Software Inc. (TSX:CSU) through the Jonas Software operating group.
Constellation Software is the corporate parent of the Vesta Software Group. Constellation Software is a publicly-traded international provider of market-leading software and services to select industries, both in the public and private sectors.
Steve Watson and David Mahoney, MWC Partners’ founders, shared their perspective on the acquisition, saying, “When we founded MWC Partners eleven years ago, we had a vision of delivering market-leading solutions and services into the retail sector and we have been proud of our achievements to date. We have also developed, during this same period, a widely recognised expertise in integrating POS solutions with payment software, which has resulted in our working with many of the world’s largest PSPs.
Deciding to move to the next phase of the company’s evolution was made easier by Vesta’s style and vision for the future. Our goals, ambitions and values are very much aligned, and we are confident that with Vesta’s backing, we will continue to grow and offer the same level of services to our existing customer base and into new markets.”
This transaction closed on 1 July 2024.
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Retail payments technology specialist MWC Partners has been acquired by Vesta Software Group, joining a global network of software brands serving over 50,000 customers across the globe
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