ECI Buys ES Tech Group |
ECI Buys ES Tech Group(October 7, 2022) - ECI Software Solutions, a leader in cloud-based business management solutions, today announced that it has completed the acquisition of ES Tech Group, a UK-based B2B e-commerce software and services company serving small and medium-sized enterprise (SME) manufacturers, distributors and wholesalers. This acquisition expands ECI’s existing e-commerce portfolio and furthers ECI’s investments in the digital economy and e-commerce, allowing ECI to expand into markets not served today. Terms of the deal were not disclosed. ES Tech Group has developed a world-class e-commerce platform for markets including industrial, business supplies, electrical, plumbing, gas and welding, medical supplies, and more. In addition, the company operates a growth agency that specializes in marketing and catalogue development to help businesses capitalize on traditional and digital sales channels. ES Tech’s products will join ECI’s growing suite of business applications that can be integrated across its vertically based solutions. “Every industry we serve needs an e-commerce strategy to meet customer expectations and support growth,” said Trevor Gruenewald, CEO of ECI. “Offering our collective customers the ability to run a superior online presence while driving data-driven decisions through their back-end ERP solution strengthens ECI’s position as a one-stop-shop for all business management needs. We look forward to welcoming Paddy and his team to the ECI family and working together to grow our business applications suite.” “At ES Tech Group, our mission is to provide SME businesses with world-class technology and services, allowing them to protect their businesses and compete head on, and win, against the biggest competitors – a similar mission to that of ECI’s,” said Paddy Donnelly, CEO of ES Tech Group. “We have the team, the technology, and now the firepower of ECI behind us. We see limitless opportunities for our customers and our team.” ES Tech has developed the highly respected EvolutionX e-commerce platform which has made big inroads into the UK office products channel. In the US, the strategy has been somewhat different, mostly targeting other verticals under the leadership of Dave Bent. The FusionPlus content platform has also been a great success in the UK. It will be interesting to see what develops in the US now this solution is under the ownership of ECI – dealers have been crying out for years for a wholesaler-agnostic content proposition, and this acquisition might be the catalyst in seeing that finally happen. - (ECI Software Solutions) |