eCompliance, the North American leader in mobile-first workplace safety software, has secured a majority investment from Alcumus Holdings Limited (“Alcumus”), a leading UK-based software-led risk management solution provider, which is backed by the private equity firm, Inflexion. Together, the company will become the leading software organization supporting safer and healthier workplaces in both Europe and North America. eCompliance will operate as the North American arm of Alcumus, providing access to the North American market for an expanded portfolio of Alcumus products, as well as accelerating investment in its core product.
“Joining forces with Alcumus enables us to accelerate our journey of innovation in health and safety which we started in 2013. We were first to market with a mobile app to drive frontline safety participation and now we’re ready to make another leap forward. Teaming up with Alcumus allows us to bring the most innovative products and ideas from both companies to the workforces across North America, the UK and Europe,” said Adrian Bartha, CEO of eCompliance, who will continue to lead the business.
“We have been extremely impressed by the quality of everything we have seen in eCompliance, from the technology that runs through its products to the people and management that we have met, and both organizations share the same mission and values. eCompliance will bring access to an exciting new market as well as additional technology capability as we continue to provide cutting edge services to the growing range of businesses that we support. We are very excited by this acquisition and look forward to welcoming eCompliance into the Alcumus family,” stated Alyn Franklin, CEO of Alcumus.
Marks Baughan Securities served as exclusive financial advisor to eCompliance.
For more information on this transaction, please contact:
Chris Rose
610.616.3298
crose@marbau.com
Ed Murtha
610.365.7283
emurtha@marbau.com
About Marks Baughan Securities
Marks Baughan provides investment banking services to growth companies. Our clients are software, technology-enabled services and data-intensive companies seeking shareholder liquidity or growth capital. We work tirelessly alongside our clients and excel at defensible positioning and disciplined processes that maximize shareholder value. Our professionals come from senior positions at bulge-bracket firms, giving our clients access to the relationships and experience that come from our years of interaction with the top executives and investors in companies in our fields. Our clients receive top-flight advice throughout any advisory relationship, because our boutique approach allows our senior advisors to stay deeply involved with each client on a continuous basis. No handoffs to junior staff. No preferential client relationships. No conflicts of interest.
For additional information on Marks Baughan, see www.marbau.com.
About eCompliance
eCompliance safety software is the SaaS leader for improving worker participation and strengthening safety culture. The eCompliance mobile app connects the workforce with head office, creating a two-way conversation so safety leaders can make faster, fact-based decisions and executives gain an unrivalled view of risk across their company. eCompliance customers experience injury rates more than 70% below those of their peers and the company is on track in its mission to eliminate 1 million workplace incidents by the end of 2020. eCompliance operates out of Canada, with headquarters in Toronto and an office in Calgary.
For additional information on eCompliance, see www.ecompliance.com.
About Alcumus
Alcumus is a leading provider of software-led solutions in the risk management sector, with more than 40,000 clients using services delivered under its SafeContractor, PSM, Sypol, ISOQAR and Info Exchange brands. Offering software-based risk management and supply-chain management solutions, UKAS accredited certification services, workplace monitoring services, training and HR consultancy, Alcumus helps to make its customers safer, healthier and stronger. Their head office is in Cardiff with additional offices in Manchester, Huddersfield, Aylesbury and Stratford.
For additional information on Alcumus, see www.alcumusgroup.com.
About Inflexion
Inflexion is a mid-market private equity firm, investing in high growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to accelerate growth. Inflexion’s flexible approach allows it to back both majority and minority investments, typically investing £10m to £250m of equity in each deal.
For additional information on Inflexion, see www.inflexion.com.