July 3, 2019
ECi Software Solutions, a cloud-based business management solutions company, announced it has acquired Pacsoft, a provider of inventory management and point of sale software solutions for hardware retail and trade businesses worldwide and with a significant presence in the Australian, New Zealand, and Pacific Islands markets. The Pacsoft team and product portfolio will join ECi’s LBM and Hardlines (LBMH) Division, led by John Maiuri.
For more than three decades, Pacsoft has provided business management systems that help hardware retail and trade businesses reduce costs, improve efficiency and grow sales. The company’s in-store and mobile POS, accounting and inventory control and purchasing optimisation solutions are used by more than 500 organisations worldwide.
In addition to maximising the collective market and software expertise of both teams to best support customers, the acquisition also allows ECi to significantly enhance its footprint in Australia. To that end, ECi will continue to sell and support the Pacsoft suite of solutions, and its customer base will join nearly 4,000 businesses that already trust vertical-specific solutions from ECi’s LBMH Division to run their businesses, the company explained.
“Pacsoft’s customers face many of the same challenges that ECi’s core customer base does, so we understand what they are up against and need to effectively grow their businesses,” said Ron Books, CEO of ECi. “By expanding the customer base, augmenting the product portfolio and extending our geographical footprint, we can bring additional value to all of the businesses we serve. Today marks the latest, but certainly not the last, opportunity for ECi to grow by seeking out innovative and valuable business solutions in the markets we serve.”
“From the earliest days of Pacsoft, we didn’t want to just provide the best software with the best support; we really wanted to redefine what it means to run a business by making it easier than ever,” said Andrew Darbyshire AM, executive chairman and CTO of Pacsoft. “We are constantly looking for ways to give our customers an edge and joining the ECi family ensures they will have a competitive advantage. As part of ECi, Pacsoft will have the resources to continually deliver the most innovative business management solutions so our customers can continue to thrive.”
The acquisition closed on 1 July, and terms were not disclosed.
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