05 Dec Austin Dale Group announces the sale of ProviderSoft to Jonas Software
AUSTIN, TX – (November 22, 2019) Austin Dale Group, an Austin, TX-based M&A advisory firm, recently acted as the exclusive sell-side advisor to ProviderSoft in their sale to Jonas Software. ProviderSoft, a Lumberton, New Jersey-based company, delivers critical software tools to manage operations of Early Intervention, Preschool (CPSE), and Behavioral Service agency operations. The acquisition provides an opportunity for Jonas Software to enter the childhood development vertical market, which spans healthcare and education.
Mark Shaw, Founder and Managing Partner of ProviderSoft, said “Jonas provides the team at ProviderSoft the means and stability to develop the product whilst expanding the business to new customers and new geographies. Tony, Alicyn, and the rest of the team are really looking forward to working with the professionals at Jonas to reach new horizons.”
This acquisition marks Austin Dale Group’s fourth successful engagement in the Healthcare space in the past 18 months. “Our deep experience in healthcare and technology allows us to speak the same language with providers and tech companies in the market. Our background allows us see opportunities and highlight value that might be missed by other M&A advisors.” says Clint Whitaker of Austin Dale Group. The Austin Dale team regularly publishes relevant articles and blogs, disseminating industry trends and lessons learned.
“This is the second time I have sold a business that I founded and developed. Having some experience from my first sale, I went looking for a firm as an educated consumer. ADG was the clear choice after having interviewed several firms. Now that the deal has been completed, as I know I made the right choice with ADG.” according to Mark Shaw of ProviderSoft. “ADG is an extraordinary team of professionals with the varied expertise required to successfully get to market and get a deal done. ADG has a staff of experienced entrepreneurs, marketing specialists, financial experts, and negotiators. I am not generally easily impressed, but ADG exceeded my expectations.”
About Austin Dale Group
Austin Dale Group provides Investment Banking and Advisory Services to the technology, healthcare, and business service industries. Austin Dale Group advises on M&A and private capital transactions and provides valuations and value enhancement services. The team has a long history of working together in selected industries and helping its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by Independent Investment Banking Corp., member FINRA / SIPC. For more information, visit http://austindalegroup.com .
ProviderSoft is a New Jersey-based company with over 10 years’ experience serving childhood development agencies and providers across the United States by helping them operate efficiently and effectively. ProviderSoft’s comprehensive core system allows users to monitor all aspects of their business ensuring regulatory compliance, securely maintaining patient data, ensuring proper billing/reimbursements, and optimizing provider utilization. ProviderSoft delivers its products in a cloud-based Software-as-a-Service (SaaS) model, requiring minimal technology infrastructure for the agency while allowing individual providers to interact with systems in a geographically flexible manner, in family homes, at schools, or wherever their work needs dictate. For more information, visit http://providersoftllc.com .
About Jonas Software
Jonas Software operates over 90 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 formed in the construction and club management markets, Jonas Software’s reach has grown extensively within the salon/spa, fitness, membership, attractions, hospitality, retail, medical, education, and industrial verticals. Today, Jonas Software is proud to supply industry-leading enterprise management software and related services to more than 80,000 customers in over 20 vertical markets. For more information, visit www.jonassoftware.com .