Effective Aug. 27, the revenue-management software company’s president, Jason Harrington, assumed the title of CEO upon the retirement of company co-founder Ron Fauquher, according to a news release. Formerly owned by Arlington Capital Partners, the Indiana-based company announced its acquisition by New Mountain Capital, a New York firm with over $20 billion in assets, on Aug. 22.
Ontario Systems reports that it has more than 500 employees in 28 states, serving over 600 hospital network customers and 600 federal, state and local government clients in the U.S. It also started selling court-system software after acquiring Justice Systems in May 2018.
In a news release, Ontario shared that Harrington is a native of Muncie, Ind., where the company is headquartered. He has been with the company for 22 years, with experience in finance, marketing, sales, software operations, technical support and working with customers. Harrington is the fourth CEO in the company’s 39-year history, adding new responsibilities for merger and acquisition activity to his role of overseeing day-to-day operations as president.
“I’ve known and worked with Jason for over 20 years, at Ontario Systems and elsewhere, both domestically and internationally,” said Casey Stanley, Ontario Systems’ vice president of marketing and business development, in a statement. “With Jason’s outstanding leadership, we will continue to make great strides in the marketplace and serve our customers, employees and communities well.”
Having co-founded Ontario Systems with Wil Davis in 1980 and served in various leading roles, Fauquher had been CEO since 2012. He oversaw two key acquisitions, breakthrough technical innovations, and considerable growth in which the company entered government markets, doubled its revenues and expanded its client base. He will remain involved as an adviser to Ontario Systems’ board and management team.
“I am tremendously proud of the outstanding team of associates at Ontario Systems, especially for the way they put customer success first and foremost in everything they do,” Fauquher said in a statement. “I am also deeply confident that under Jason Harrington’s leadership — and with our new principal investor, New Mountain Capital — the Ontario Systems team will continue to help our customers grow and prosper in even more robust ways in the future.”
