Kangarootime Australia to be acquired by Kidsoft owner in strategic deal
Juice Technologies, the owner of well known childcare management system Kidsoft, has confirmed that it has acquired the Australian operations of Kangarootime in a move that will cement their already sizeable presence in the Australian market.
“We’re excited to welcome Kangarootime Australia into the Juice Technologies family, marking a strategic step that aligns with our vision of advancing the capabilities of the ECEC sector,” Di Girvin, Group CEO of Juice Technologies said.
“This acquisition, alongside our existing offerings like Kidsoft and Infocare, reinforces our commitment to providing innovative and comprehensive solutions that empower childcare providers across Australia and New Zealand”
The transaction will bring another 400 users into the Juice fold, adding to Kidsoft’s 2,500 and an already substantial user base in New Zealand where the group owns and operates leading provider Infocare.
The deal will see Kangarootime’s US based owners retain an equity stake in the enlarged group with CEO Scott Wayman retaining a seat on Juice Technologies board.
“We are incredibly excited to be joining the Juice family here in Australia,” Mr Wayman said.
“Our strong connection with the leadership team combined with a seamless cultural alignment makes this partnership undeniably strong. Our connection to our customers remains unwavering, and look forward to unveiling new technological advancements and innovations in the not too distant future.”
Both providers expressed their commitment to prioritsing the needs of all existing users with Ms Girvin noting that the change in ownership represents business as usual for Kangarootime Australia and Kidsoft.
“Both entities remain 100 per cent committed to their ongoing mission of providing innovative and reliable solutions to the early childhood education and care sector,” she added.
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