ReadyTech completes acquisition of IT Vision

Published on Tuesday, 26 July 2022 at 8:50:00 AM

  • ReadyTech has today completed the acquisition of IT Vision.
  • ReadyTech’s position as a leading local government software provider is enhanced with the addition of 190 local government customers.
  • IT Vision to be integrated into ReadyTech’s Government & Justice segment, with its experienced and committed management team retained within the business.

ReadyTech Holdings Limited (ASX:RDY) (ReadyTech or Company) (ABN 25 632 137 216), a SaaS provider of next generation cloud-based software to the education, workforce, government and justice sectors, today announces the completion of the acquisition of local government specialist, IT Vision.

Contributing an additional 190 local council customers, the majority of which are located in WA and SA, this acquisition bolsters ReadyTech’s Government segment with a broad geographic footprint across all Australian states and territories, ultimately strengthening ReadyTech’s position as a leading local government software provider.

Commenting on the completion of the acquisition, ReadyTech Co-Founder and CEO, Marc Washbourne said:
“IT Vision are well very aligned with our customer-centric, future-focused culture, and I am excited to welcome the team into the ReadyTech stable. With an expanded geographic footprint, a rich suite of technology offerings, and enhanced scale and digital transformation on the agenda, we have a considerable opportunity to augment our market share in the local government software market.”

ReadyTech’s Chief Executive, Government & Justice, Phillip Simone added:
“The combination of IT Vision and Open Office bolsters ReadyTech’s position as a trusted partner to local government. With a significantly expanded team of talented local government and technology experts, we expect to drive continued growth through leveraging a wider referral network – increasing share of wallet within both customer bases, and further optimising product-market fit.”

IT Vision CEO, Nigel Lutton said:
“We are delighted to join ReadyTech, and I look forward to working with Marc, Phillip and the broader team as we integrate to form one of Australia’s leading local government software players. There is a significant amount of industry knowledge and market intelligence to be leveraged across the combined businesses, which will be invaluable across our technology and product, go-to-market and customer success teams.”

Full media release also available on the ReadyTech website here

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