Ontario Systems announced today that it had acquired Columbia Ultimate Business Systems in a purchase that combines two of the leading software providers in the collections industry.
Terms of the deal were not announced.
Ontario Systems specializes in the healthcare industry, counting five of the 15 largest healthcare organizations and three of the top six as clients, according to the company. Columbia Ultimate, meanwhile, works with more than 100 state and local governments in 27 states.
“Over the past 30 years, both companies have proven themselves as consistent innovators, attracting the best ARM customers in the space,” said Ron Fauquher, President and CEO of Ontario Systems, in a statement. “We have always respected Columbia Ultimate as an organization who puts its people and customers first. We welcome their team to the Ontario Systems family, and we’re excited about the expanded growth opportunities that await us as a result of Columbia Ultimate’s leading position in the state and municipal government markets.”
More details about the acquisition are to be announced at this week’s ACA International conference in Denver, the companies said.
“Finding a partner who is as committed to client service and employee culture as Columbia Ultimate was our priority, and we found this shared philosophy in Ontario Systems,” said Fred Houston, former President and CEO of Columbia Ultimate and current VP at Ontario Systems. “Beyond the people, I’m confident our customers will benefit from several of the Ontario Systems product and services offerings, helping move their businesses forward.”