Jonas Software Acquires Club Solutions

Gary Jonas Computing Ltd. (“Jonas”) announced today that it has completed the acquisition of substantially all the business assets of Club Solutions from Fiserv, Inc. (“Fiserv”). The acquisition of Club Solutions further expands Jonas’ presence in the fitness, sports and leisure vertical.

“Club Solutions from Fiserv has established itself as a leader in providing fully integrated enterprise software and payment solutions in the fitness, sports and leisure industry,” said Barry Symons, CEO of Jonas. “Adding Club Solutions to our rapidly growing Fitness, Sports and Leisure Business Unit further strengthens our place in this important market and we are very excited to welcome the Club Solutions customers and employees to our organization.”

“Club Solutions pioneered management software for the health club industry, and has a talented team of associates who are committed to the success of club clients,” said Jardon Bouska, Division President, Biller Solutions at Fiserv. “We believe the clients and associates of Club Solutions will be well-served by Jonas’ focus on the health and fitness industry.”

The Club Solutions assets acquired in this transaction will become part of a new company called Jonas Fitness, Inc (“Jonas Fitness”). Adam Zeitsiff, who also serves as the Business Unit Manager for the Fitness, Sports and Leisure Division of Jonas in North America, will assume the role of President of Jonas Fitness. and will be responsible for executing all aspects of the company’s future growth and expansion.

“This acquisition represents a unique opportunity for Jonas to solidify its position as a market-leader in software and billing services across a wide-range of customers in the fitness industry,” said Zeitsiff. “At the same time, we are excited to welcome new employees into our company who are forward-thinking, intelligent and highly dedicated people that will add significant value to our organization. I’m looking forward to working closely with the team on a daily basis as Jonas Fitness emerges into the market.”

A new website for Jonas Fitness is being launched in mid-March and can be found at: www.jonasfitness.com.

About Jonas Software

Jonas Software is a leading provider of enterprise management software solutions to a number of vertical markets, including a leadership position in the global Fitness, Sports and Leisure vertical. Jonas has over 25,000 customers, in over 15 countries worldwide. Jonas’ vision is to be the branded global leader across the aforementioned ten vertical markets and to be recognized by customers and respective industry stakeholders as the trusted provider of Software For Life.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization.

For more information, please contact Jonas Fitness: info@jonasfitness.com