March 13, 2014
ECi announced that it has been acquired by The Carlyle Group, although did not disclose the terms of the transaction, with Carlyle said to have “a long history of successful investments in leading middle market, industry-specific application software solution companies”, and equity for the investment taken from Carlyle US Equity Opportunity Fund, which focuses on middle market investments.
Commenting on the acquisition, Ron Brooks, President and CEO of ECi Software Solutions, said: ?We are very happy to partner with The Carlyle Group to continue building our leading industry?specific business and e?commerce solutions across a variety of important industries. Carlyle is committed to investing in ECi as we support the entrepreneurial spirit and profitable growth of small and medium size enterprises. I am confident that with Carlyle, we have made the right choice for the future of our employees, our customers, and our business partners.”
Meanwhile Charles Rossotti, Carlyle Operating Executive, said: “ECi has developed a proven and effective capacity to provide small and medium size enterprises with technology solutions that make them competitive with much larger businesses. We believe this capacity is a very special asset for the global economy, in which small businesses generate so much innovation and job growth.”
Also commenting on behalf of Carlyle, Steve Bailey, Managing Director of the company, added: “Carlyle’s investment will enable ECi to continue investing in its great people, delivering exceptional customer service, enhancing the functionality and features of its leading solutions, and expanding its global footprint.”
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