by Lance Murray • Jul 5, 2019
ECi Software Solutions, a Fort Worth-based cloud business management software and services provider, announced it acquired Pacsoft in a deal that will significantly enhance ECi’s presence in Australia.
Maine-based Pacsoft is a provider of inventory management and point-of-sale software solutions for retail businesses across the globe. It has a significant presence in the Australian, New Zealand, and Pacific Islands markets. No terms were released on the acquisition, which closed on July 1.
In a press release, ECi said it will continue to innovate, sell, and support the Pacsoft suite of solutions, and its customers will join roughly 4,000 businesses that already utilize vertical-specific solutions from ECi’s LBM and Hardlines (LBMH) Division to run their businesses.
ECi has made 8 company acquisitions since first quarter of 2017
“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,” ECI Chief Executive Officer Ron Books said in the release. “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.”
“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.”
Ron Books
The Pacsoft team and product portfolio will join ECi’s LBM and Hardlines (LBMH) Division, led by John Maiuri, according to the release.
Pacsoft becomes the eighth company and 10th product ECi has acquired since the beginning of 2017.
In December, ECi Software Solutions announced it acquired Print Audit, a Canadian company that provides device and print management solutions globally.Print Audit’s product suite includes tools for managed print services (MPS), device data collection, and document management for both dealers and users.
ECi said that Print Audit would become part of its Field Service Division. Print Audit was founded in 1999 and is headquartered in Calgary, Alberta, Canada.
ECi has more than 1,100 employees and 15,000 customers and it has seen significant growth the past year.
Pacsoft’s in-store and mobile point-of-sale, accounting, and inventory control and purchasing optimization solutions are used by more than 500 organizations worldwide.
“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,” Andrew Darbyshire AM, executive chairman and CTO of Pacsoft, said in the release.