Fox Williams advises Jonas Software on its acquisition of Fitronics Limited (The Retention People)
June 28, 2011
FW advised Jonas Software, a subsidiary of its longstanding Toronto-listed client Constellation Software Inc. on its acquisition of Fitronics Limited (trading as The Retention People ("TRP")).
TRP is a leading provider of software to the Fitness & Leisure market worldwide. TRP uses detailed market research to drive product development into solutions, processes and training packages to improve the customer experience, creating promoters of fitness & leisure brands and increasing customer loyalty.
Jonas Software is the leading provider of enterprise management software solutions to the Club, Foodservice, Construction, Leisure Fitness & Sports, Attractions, Metal Service Centers, Moving & Storage and Education industries. Within these eight vertical markets, Jonas Software boasts 22 distinct brands, all of which are respected and longstanding leaders within their own domain. Jonas Software is the chosen technology partner of more than 10,000 customers in over 15 countries around the world.
Corporate partner Richie Clark led the FW team, principally assisted by corporate associate Sharon O’Donnell as well as tax partner Emma Bailey, tax associate Jaspal Pachu, real estate partner Elizabeth Ruff and employment senior associate David Murphy. Mogers LLP acted for the sellers.
Richie Clark commented "We were delighted to work with the Jonas team on this transaction and assist Jonas Software to realise its vision of becoming the branded global leader in its chosen vertical markets."