CORA Group
Operating group within Jonas Software that acquires, strengthens, and grows vertical market software companies. Led by experienced operators who were previously acquired, they focus on long-term partnerships and maintaining company culture while providing growth capital.
• Toronto, Canada • Est. 2020
Investment Requirements
Revenue (ARR)
Flexible
Valuation
$5M - $50M
Deal Structure
All cash
Target Industries
B2B Software
Geographic Focus
Global
Company Overview
CORA Group
What They Buy
- Target: Vertical market software companies with established teams
- Size: $5M - $50M valuation range (estimated based on portfolio scale)
- Focus: Niche software businesses they can operationally integrate
- Structure: All cash, buy-and-hold forever approach
- Philosophy: “Being Acquired By Those Who Were Acquired Makes A Difference”
- Geography: Global reach with customers in 150+ countries
- Parent: Jonas Software operating group (part of Constellation Software)
Recent Major Acquisitions
- Volanté Systems: Food service industry software (October 2024)
- SpringFour: Financial health fintech platform (September 2024)
- Carlson Marketing Solutions: Enterprise loyalty platform (July 2024)
- Vanson Technology Services: Loyalty engagement solutions (March 2024)
- C&R Software: Debt collection and recovery software
Leadership & Philosophy
Leadership:
- Approach: Led by experienced operators who were previously acquired
- Mission: “Acquire top businesses, drive digital innovation and deliver high returns”
- Philosophy: “We are a truly life-long partner” focused on preserving founder’s legacy
Acquisition Approach:
- Long-term partnerships, not short-term financial transactions
- Preserve company culture and existing teams
- Provide growth paths for existing employees
- Offer personal financial freedom for owners while maintaining operational identity
Scale & Growth
- Portfolio: 30+ independent software brands across multiple verticals
- Team: 1,000+ employees globally
- Customers: 50,000+ customers served
- Markets: 10+ distinct markets including construction, food service, debt collection, loyalty, legal, long-term care
- Reach: Operations in 150+ countries
- Parent: Jonas Software (part of Constellation Software - $5B+ revenue, 30,000+ employees)
What Makes Them Different
- Experience-Based Leadership: Led by operators who experienced being acquired themselves
- Long-Term Commitment: “Hold Them For The Long Term” - no exit strategy
- Operational Integration: “Spend Time With Them Operationally” while preserving independence
- Cultural Preservation: Focus on maintaining each company’s unique operational identity
- Growth Support: Providing expansion opportunities while respecting existing achievements
Benefits for Founders
Partnership Approach:
- Leadership understands the founder experience of being acquired
- Focus on preserving company legacy and culture
- Long-term value creation vs. short-term financial optimization
- Collaborative approach that respects existing achievements
Financial & Operational:
- All cash transactions through Jonas Software backing
- Access to Constellation Software’s global resources and expertise
- Operational support while maintaining company independence
- Growth capital for business expansion opportunities
Portfolio Companies
Volanté Systems
Cloud-based software for food service industry (acquired October 2024)
SpringFour
Financial health fintech platform (acquired September 2024)
Carlson Marketing Solutions
Enterprise loyalty platform, revived 1938 brand (acquired July 2024)
Vanson Technology Services
Loyalty engagement solutions (acquired March 2024)
C&R Software
Debt collection and recovery software solutions
Founder Testimonials
"CORA Group's approach stood out because they understand what it means to be acquired. Their leadership team has been through this process themselves, which brings a unique perspective to how they work with founders and preserve company culture."