Muncie Tech Company Announces Acquisition

Posted: Updated:
(Image courtesy of Ontario Systems.) (Image courtesy of Ontario Systems.)
MUNCIE -

Muncie-based Ontario Systems LLC has announced an acquisition. Chief Executive Officer Ron Fauquher says the deal for New Mexico-based Justice Systems Inc. "is about growth and seizing a strong market opportunity." JSI provides court case management and court system payment software. Ontario Systems' revenue cycle management software is for healthcare, accounts receivable management and government customers and Fauquher says "combining our people, products, and market strategies provides tremendous benefits to the markets we jointly and uniquely serve."

Ontario Systems says the acquisition and merging of the two companies will create "a closed loop payment and enterprise workflow solution" for court officials like prosecutors and public defenders. Vice President Jay Moorman says "our product and market strategies are complementary in important ways. By blending products that focus on different parts of the court case workflow and payment processing spectrum, we are providing a collaborative solution where this market currently has a gap."

JSI CEO Ernie Sego calls the combination "an exciting opportunity" for both organizations. "Joining forces with a company who shares our philosophy where people and customers come first was my top priority and we found that with Ontario Systems," he said in a news release. "By combining products, talent, innovation and strategy, we take steps forward as an organization that presents new opportunities to our teams and our industry."

Terms of the deal were not disclosed.

  • Perspectives

    • Focused Collaboration Leads to Effective STEM Leadership

      As a woman who has built a career in a STEM field, technology, I have come to realize that collaboration is an essential ingredient for organizational growth and survival. As my year serving as president for Women & Hi Tech comes to an end, one of the most impactful takeaways for me has been how a shared vision and strategic partnerships can help change the landscape for women studying science, technology, engineering or math in Indiana.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Walmart Details Crawfordsville Layoffs

      Walmart Inc. (NYSE: WMT) has announced plans to reduce its workforce at the Walmart Optical Lab in Crawfordsville. In a notice to the state, the company did not provide a reason for the reduction, but said 108 employees will be out of work by the end of September.

    • EnCom Polymers Investing in Evansville

      Evansville-based EnCom Polymers Inc. is bringing custom plastic production in-house. The company says it will invest nearly $15 million into acquiring the facility it currently leases, investing in new equipment and adding as many as 56 employees by 2021. EnCom Polymers also plans to add four production lines, a testing laboratory and an injection molder. The company currently employs 14 in Vanderburgh County and says it will add 17 positions immediately.

    • Indy Tech Vet to Lead DePauw Center

      DePauw University has tapped an Indianapolis tech veteran to become a part of its leadership team. Steve Fouty, who most recently served as chief financial officer of ClusterTruck in Indy, has been named director of the McDermond Center for Management and Entrepreneurship on the Greencastle campus.

    • MainGate to Manage Purdue Merchandise

      Purdue University and Indianapolis-based MainGate are teaming up on athletic and school merchandise. The agreement involves sales on the West Lafayette campus, online through PurdueTeamStore.com and as the university's official wholesale products provider. MainGate's other current merchandise partners include...

    • Caesars now owns Indiana Grand in Shelbyville and Hoosier Park in Anderson.

      Acquisition of Indiana Racinos Complete

      Las Vegas-based Caesars Entertainment Corp. (Nasdaq: CZR) has completed its $1.7 billion acquisition of Centaur Holdings LLC in Indianapolis. The deal adds Hoosier Park Racing and Casino in Anderson and Indiana Grand Racing and Casino in Shelbyville to Caesars' portfolio. The company says it will invest $50 million into various property improvements and IT upgrades at both facilities. Caesars says it plans to add table games to both properties, pending necessary approvals.