The move comes after a private equity firm acquired Ontario Systems, giving the company an infusion of capital to spend on mergers with other vendors. Now, it's bringing SwervePay into the fold.
Ontario Systems, which provides payment collection software for local government, is acquiring an e-payment vendor.
The move comes at a time when Ontario Systems is backed with private equity money — New Mountain Capital acquired it in August. Now, with that investment firm onboard, Ontario Systems has acquired SwervePay, which provides tools to help people pay bills.
SwervePay advertises itself as being targeted toward the automotive and health-care industries, but Ontario Systems’ customer base also includes government. According to a press release last year, the Indiana-based company has more than 600 government clients at the federal, state and local levels across the U.S.
Ontario Systems sells RevQ+ to the public sector, software that helps manage the process of collecting money for things like court-ordered debt payment, income tax and property tax.
On top of a user interface for paying bills, SwervePay also offers user services such as text payments and automated balance messages.
“The most important part of the accounts receivable operation is completing the final step — capturing and processing the payment — as smoothly as possible,” said Jaeme Adams, former SwervePay CEO and current vice president of payments at Ontario Systems, in a statement. “Together, Ontario Systems and SwervePay will remove an unnecessary point of complexity in the receivables process by unifying the workflow, consumer communications, and revenue capturing tools into one streamlined platform.”
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