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Eci Software Solutions Acquires Es Tech Group, Expands Its B2B Ecommerce Solutions Portfolio

Oct 07, 2022•about 3 years ago

Acquiring Company

ECI

Acquired Company

ES Tech Group

BostonFinancial ServicesSoftware

Description

ECI Software Solutions, a leader in cloud-based business management solutions, today announced that it has completed the acquisition of ES Tech Group, a U.K.-based B2B eCommerce software and services company serving small and medium-sized enterprise (SME) manufacturers, distributors and wholesalers. This acquisition expands ECI’s existing eCommerce portfolio and furthers ECI’s investments in the digital economy and eCommerce allowing ECI to expand into markets not served today. Terms of the deal were not disclosed.

Company Information

Company

ECI

Location

Boston, Massachusetts, United States

About

Founded in 1995, ECI is the market leader in end-to-end technology solutions for the financial industry. We enable 1000+ forward-thinking organizations around the world to reach new performance levels through innovative technology solutions that drive business transformation. ECI uniquely understands the high touch needs of organizations in the financial space and our experience servicing these global leaders gives ECI the edge as your trusted technology partner. With offices across the United States, Europe, and Asia, we provide localized, personalized service on a global scale. ECI employs more than 900 professionals around the world, and we have a proven track record of employing the best employees which is important when building out teams to support clients.

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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