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ECI Software Solutions completes acquisition of Smart Manufacturing ERP ProfitKey

Aug 05, 2024•over 1 year ago

Acquiring Company

ECI Software Solutions

Acquired Company

ProfitKey International

WestlakeSalemSoftwareSaasAnalyticsManufacturing

Description

ECI Software Solutions, a global provider of cloud-based business management software and services, has successfully completed the acquisition of ProfitKey International LLC, a notable ERP platform for discrete manufacturers. This strategic acquisition further enhances ECI's robust manufacturing software portfolio and solidifies its commitment to supporting businesses within the industry. The terms of the acquisition were not disclosed.

Company Information

Company

ECI Software Solutions

Location

Westlake, Texas, United States

About

ECI Software Solutions provides cloud-based business software for running small and mid-sized businesses end to end. Built by experts in manufacturing, residential construction, field service management, building supply, office technology and wholesale/retail distribution industries, ECI’s industry-specific software connects businesses and customers, improving visibility, operational efficiency and profitability. With ECI, businesses seamlessly integrate sales and marketing, business intelligence, CRM, data and analytics, ecommerce, mobile apps, and payment processing. With more than 30 years of industry leadership, ECI is trusted by 24,000 customers in more than 80 countries globally. Headquartered in Fort Worth, Texas, it has offices in the U.S., Canada, Mexico, United Kingdom, Netherlands, and Australia.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed