M&A Deal Summary

ECI Software Solutions Acquires Shoptech Industrial Software

On September 9, 2020, ECI Software Solutions acquired software company Shoptech Industrial Software

Acquisition Highlights
  • This is ECI Software Solutions’ 11th transaction in the Software sector.
  • This is ECI Software Solutions’ 11th transaction in the United States.
  • This is ECI Software Solutions’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2020-09-09
Target Shoptech Industrial Software
Sector Software
Buyer(s) ECI Software Solutions
Deal Type Add-on Acquisition

Target

Shoptech Industrial Software

Glastonbury, Connecticut, United States
Shoptech Industrial Software Corp. is a provider of ERP software for job shops and made-to-order manufacturers. Shoptech offers multiple apps available for Apple and Android devices. Allow your team to access the Data Collection Module, inventory and part details from their workstation. Shoptech Industrial Software was established in 1984 and is based in Glastonbury, Connecticut.

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Buyer(S) 1

Buyer

ECI Software Solutions

Fort Worth, Texas, United States
Category Company
Founded 1998
Sector Software
DESCRIPTION

ECI Software Solutions is a provider of industry-specific business software solutions and services, focusing on cloud-based technologies. ECI has served small to medium-sized manufacturing, wholesale/retail distribution, building and construction, and field service organizations. ECI Software Solutions was founded in 1998 and is based in Fort Worth, Texas.

DEAL STATS #
Overall 15 of 24
Sector (Software) 11 of 16
Type (Add-on Acquisition) 14 of 23
State (Connecticut) 1 of 1
Country (United States) 11 of 17
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 ThermoGRID

Dubuque, Iowa, United States

ThermoGRID is a cloud-based solution that makes doing business more efficient and profitable for small to medium residential service companies. ThermoGRID was established in 2007 and is based in Dubuque, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 BOLT Software Technology

Grand Prairie, Texas, United States

BOLT Software Technology LLC is a provider of a cloud-based construction business management solutions. BOLT Software Technology is based in Grand Prairie, Texas.

Buy -
Mergr

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