About Ontario Systems
Ontario Systems is a company based in Muncie (United States) founded in 1980 was acquired by New Mountain Capital in August 2019.. The company has 565 employees as of December 31, 2021. Ontario Systems has completed 6 acquisitions, including Columbia Ultimate, Justice Systems and Katabat. Ontario Systems operates in a competitive market with competitors including InDebted, Sidetrade, CredFlow, Slope and Satago, among others.
- Headquarter Muncie, United States
- Employees 565 as on 31 Dec, 2021
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$200 K (USD), Grant
Jun 01, 2015
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Investors
New Mountain Capital
& 2 more
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Employee Count
565
as on Dec 31, 2021
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Investments & Acquisitions
Columbia Ultimate
& 5 more
- Acquired by
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Funding Insights of Ontario Systems
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $200,000
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First Round
First Round
(01 Jun 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Grant - Ontario Systems | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ontario Systems
Ontario Systems has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include New Mountain Capital, Arlington Capital Partners and Oxford Financial Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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New Mountain Capital manages investments in private equity, credit, and net lease strategies.
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Founded Year | Domain | Location | |
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Private equity firm focused on investments in regulated industries.
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Founded Year | Domain | Location | |
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Provides investment advisory, family office, and institutional consulting services to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ontario Systems
Ontario Systems has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Columbia Ultimate, Justice Systems and Katabat. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Receivable data is collected, analyzed, and visualized with AI tools.
|
2017 | ||||
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EMR integrated patient-centric payment solution using text messages
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2010 | ||||
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Patient payments are managed securely via text for healthcare providers.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ontario Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ontario Systems Comparisons
Competitors of Ontario Systems
Ontario Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as InDebted, Sidetrade, CredFlow, Slope and Satago, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based debt collection solutions are offered to businesses.
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| domain | founded_year | HQ Location |
AI-enabled accounts receivable solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cashflow management platform is offered to small and medium enterprises.
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| domain | founded_year | HQ Location |
Decentralized cryptocurrency exchange and wallet services are provided by Slope.
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| domain | founded_year | HQ Location |
Provider of a risk management platform for businesses
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| domain | founded_year | HQ Location |
Data-based receivable management system
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ontario Systems
Frequently Asked Questions about Ontario Systems
When was Ontario Systems founded?
Ontario Systems was founded in 1980 and raised its 1st funding round 35 years after it was founded.
Where is Ontario Systems located?
Ontario Systems is headquartered in Muncie, United States. It is registered at Muncie, Indiana, United States.
How many employees does Ontario Systems have?
As of Dec 31, 2021, the latest employee count at Ontario Systems is 565.
What does Ontario Systems do?
Ontario Systems was founded in 1980 and is headquartered in Muncie, United States. Revenue cycle management and accounts receivable solutions are delivered to the healthcare sector and outsourced accounts receivable management industries. Automation of follow-up segmentation and distribution is enabled for internal reviews, alongside electronic payment processing, client and vendor statements, invoicing, and historical transaction auditing to support financial operations.
Who are the top competitors of Ontario Systems?
Ontario Systems's top competitors include InDebted, CredFlow and PAIR Finance.
How many acquisitions has Ontario Systems made?
Ontario Systems has made 6 acquisitions, including Columbia Ultimate, Justice Systems, and Katabat.
Who are Ontario Systems's investors?
Ontario Systems has 3 investors. Key investors include New Mountain Capital, Arlington Capital Partners, and Oxford Financial Group.
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