Vanco Acquires Child Care Software Firm Smartcare
Minneapolis- and Atlanta-based payment services company Vanco on Wednesday announced that it has acquired Smartcare, a software provider for child care centers. Financial details of the transaction weren’t disclosed.
Formed in Minneapolis in 1998, Vanco primarily works with schools, nonprofits, and faith-based organizations.
Las Vegas- and Salt Lake City-based Smartcare, founded in 2014, built a cloud platform that’s now in use at more than 2,000 child care centers, after-school programs, and summer camps across the country, according to the company. The software is used for registration and attendance tracking, lesson plans, parental communication and engagement, and other services related to child care.
The addition of Smartcare will enable Vanco to expand its line of services by providing school districts digital tools to manage payments from students and families, the companies said in a news release. Vanco CEO Shawn Boom said the acquisition will “position Vanco for growth in our existing markets.
“We look forward to adding child care providers to the list of dedicated, community-focused organizations we serve,” Boom said.