Funds advised by Apax Partners (Apax Funds) has reached a definitive agreement to acquire ECi Software Solutions, a provider of enterprise resource planning software solutions to small- and medium-sized businesses across the distribution, field services, building and construction and manufacturing industries.
Concurrent with this transaction, the Macola, JobBOSS and MAX businesses of Exact Software (a current Apax Funds portfolio company) will be combined with ECi. These businesses are based in the U.S. and provide ERP software applications to a wide range of SMB manufacturers.
The current ECi senior management team, including Chief Executive Officer Ron Books, will continue to lead the combined company, which will be known as ECi Software Solutions. It will remain headquartered in Fort Worth, Texas.
Source: Apax Funds