Vesta Software Group Acquires GeneXus Consulting & K2B

Wallingford, Oxfordshire, October 11, 2021 – Vesta Software Group (“Vesta”), a subsidiary of Jonas Software (“Jonas”) is pleased to announce the acquisition of GeneXus Consulting (GXC S.A.) & K2B (Magalink S.A.), being Jonas’ first acquisition in South America. GeneXus Consulting was founded in 1992 with the purpose of assisting organizations to achieve their business objectives through the proper use and implementation of GeneXus technology. Since its founding, GeneXus Consulting has developed projects for large organizations in private and public sectors, in countries such as Uruguay, Paraguay, Argentina, Chile, Panama, Mexico, and the United States, among others. K2B offers Government & Private Sector ERP solutions, allowing every organization and industry to automate the administrative, accounting, budgeting and financial management of the organization. Its platform facilitates and integrates administrative processes, activating and controlling all internal and external operations of the organization.

“K2B has done an excellent job of penetrating the Uruguayan and surrounding markets with systems running large government departments and private sector businesses,” said Richard Clancy, Portfolio Manager at Vesta. “GeneXus Consulting is extremely strong in delivering bespoke Government projects over the last 29 years. We’re excited to work with both teams in delivering new initiatives and continuing to be market leaders in Uruguay.”

“GeneXus Consulting and K2B have played an important role in this digital transformation leadership by developing innovating world class products such as GRP, ERP, Cattle industry traceability, and public health solutions among others,” said Karina Santo, Founder of Genexus Consulting & K2B. “Uruguay is one of the global leaders in government digital transformation due to its focus in the promotion of the software industry. We look forward to working with Jonas to continue to expand our product and service offerings throughout the rest of Uruguay and beyond.”

About GeneXus Consulting (GXC S.A.) & K2B (Magalink S.A.)

GeneXus Consulting is the company that provides services to assist organizations achieve their business objectives through the proper use and implementation of GeneXus technology. K2B is a Government & Private Sector ERP solution, allowing every organization and industry to automate the administrative, accounting, budgeting and financial management of the organization from an integral vision. K2B is comprised of ERP/Government Resource Planning systems running large government departments and Private sector businesses.

About Jonas Software

Jonas Software operates over 110 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 fitness, membership, hospitality, 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 30+ vertical markets.