Ontario Systems Accelerates Consumer Payment Engagement Strategy With SwervePay® Acquisition

▤ Summary

MUNCIE, Ind.--(BUSINESS WIRE)--Ontario Systems, a leading provider of enterprise software that automates complex workflows and accelerates revenue recovery for clients in the healthcare, government, and accounts receivable management (ARM) markets, announced the acquisition of SwervePay®, an innovative payment facilitator in the ARM and healthcare industries. The acquisition of SwervePay offers Ontario Systems customers a simplified consumer payment engagement platform that helps drive revenue, reduce operational costs, and improve compliance. “The market is ripe for innovation, and we have an ongoing focus on evolving into a SaaS platform to help our 1,200 clients accelerate revenue and decrease operating costs through frictionless payments, efficient processes, and increased business intelligence,” said Tim O’Brien, Ontario Systems CEO. Key capabilities include text-to-pay, same-day settlement options for ACH and credit cards, and account balance automated 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, Vice President, Payments at Ontario Systems and former SwervePay CEO.

▦ Linked Companies

Ontario Systems

$50M to $100M