Montagu is delighted to announce that the Competition and Markets Authority (CMA) has approved Education Software Solutions’ (ESS) merger with ParentPay. ESS, the leading provider of educational software in the UK whose databases are used in more than 19,000 schools, will become part of the ParentPay Group once the merger is completed. ParentPay is the leading provider of payments systems to the education market in the UK, the Netherlands, and Germany, with over 18,000 customers.
Montagu acquired ESS in a carve-out from Capita at the beginning of this year, with the intention of merging the business with ParentPay once the CMA had given its approval. Following the merger, Montagu will maintain its investment in the enlarged ParentPay Group and will work closely with management to help drive a successful integration process and deliver their ambitions for the combined business.
This is incredibly welcome news. We are delighted to be joining the ParentPay Group, which has a strong record of growth and a renowned ability to deliver long-term value for its customers.
“This merger means customers can now look forward to the accelerated development of products and services.”
Andy Bennett, CEO, ESS
“We are very pleased to be able to welcome the ESS team into the ParentPay family.
“This is excellent news for customers, colleagues, and shareholders. Both companies are well-known established ed-tech businesses with highly complementary products, people, and values.
Mark Brant, CEO, ParentPay
This merger is a key step in delivering Montagu and ParentPay’s vision for ESS and we’re delighted that the CMA has given its approval.
“It brings together two businesses with complementary products and shared values, which will result in enhanced services and solutions for the customers of both.”
Edward Shuckburgh, Director, Montagu