Finnish subscriptions software provider Jaicom has been acquired by Atex Media in a deal announced by Canadian parent Aquila.
Established in 1999, it has a customer base of more than 400 publications using its products and services in subscription and distribution operations.
Among users is DDV Mediengruppe in Dresden, Germany – publisher of daily newspapers Sächsische Zeitung and Morgenpost Sachsen – which went live with Jaicom’s Kayak product at the end of 2020. It distributes more than 250,000 copies to subscribers in 20 local editions, as as well as several advertising papers.
The modular Kayak system manages subscriptions and distribution, handling customer service, invoicing, accounts receivable, marketing and sales related to printed and digital products and services.
Aquila chief executive Daniel Lee described Jaicom is “the market leader in their space” and a great match for Aquila as it continues to invest and strengthen its position in the global media vertical.
“With clearly complementary products, I’m excited for what the future holds for both Jaicom and Atex’s customers and employees.”
Atex chief executive Federico Marturano welcomed Jaicom into the Atex family, adding, “In continuously supporting our customers with their digital journey, this event is a great step to improve our offering in subscription-based journalism.”
Jaicom chief Jorma Ainassaari said integrating with Atex was a great opportunity to “take our business to the next level”, as well as continue to "enhance and develop products and services.”
Jaicom will maintain its autonomy operating as an independent business unit of Atex.
In a statement, Aquila said that “with a permanent-hold worldview to acquisitions”, the company looked forward to being “a forever home” for Jaicom’s employees, clients and partners.
Headquartered in Finland, Jaicom has operations in Sweden, the UK and Germany. Aquila is a wholly-owned subsidiary of Constellation Software.