The transfer comes after a non-public fairness agency acquired Ontario Methods, giving the corporate an infusion of capital to spend on mergers with different distributors. Now, it is bringing SwervePay into the fold.
Ontario Methods, which supplies cost assortment software program for native authorities, is buying an e-payment vendor.
The transfer comes at a time when Ontario Methods is backed with non-public fairness cash — New Mountain Capital acquired it in August. Now, with that funding agency onboard, Ontario Methods has acquired SwervePay, which supplies instruments to assist individuals pay payments.
SwervePay advertises itself as being focused towards the automotive and health-care industries, however Ontario Methods’ buyer base additionally contains authorities. In response to a press launch final 12 months, the Indiana-based firm has greater than 600 authorities purchasers on the federal, state and native ranges throughout the U.S.
Ontario Methods sells RevQ+ to the general public sector, software program that helps handle the method of gathering cash for issues like court-ordered debt cost, earnings tax and property tax.
On high of a consumer interface for paying payments, SwervePay additionally presents consumer providers corresponding to textual content funds and automatic stability messages.
“The most important part of the accounts receivable operation is completing the final step — capturing and processing the payment — as smoothly as possible,” stated Jaeme Adams, former SwervePay CEO and present vice chairman of funds at Ontario Methods, in an announcement. “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.”