BOSTON, MA (September 10, 2015) – Aeris Partners is pleased to announce that Hexagon AB (STO: HEXAB), a leading global provider of geospatial and industrial enterprise technology applications, through its U.S. subsidiary Intergraph Corporation, is acquiring EcoSys of Broomfield, CO, a leading provider of enterprise project controls (EPC) software and SaaS solutions. The transaction is expected to close following the completion of customary closing conditions. Aeris served as the exclusive sell-side M&A advisor to EcoSys.
EcoSys’ flagship solution, EcoSys EPC, helps leading Engineering & Construction, Oil, Gas & Chemical, Utilities, Aerospace & Defense, Government, and Transportation organizations manage some of the world’s most complex and capital intensive projects by improving project costs, project resource management, and all facets of project performance. Ecosys EPC supports the full spectrum of project control requirements, including budgeting and forecasting, progress measurement, performance and earned value management, workforce planning, data integration and reporting.
“EcoSys EPC addresses a critical need for comprehensive and configurable enterprise project controls software solutions. The combination of EcoSys’ extraordinary domain expertise, best-in-class project controls software, and strong sales and marketing execution have fueled the Company’s exceptional growth. We greatly enjoyed working with the EcoSys management team on this transaction,” said Derek Swaim, Managing Director at Aeris Partners.
“We are delighted that EcoSys and Hexagon have joined forces,” said Stephen O’Leary, Managing Director at Aeris Partners. “EcoSys and Hexagon share an entrepreneurial spirit and an unwavering commitment to serve industrial enterprises with solutions that harness the power of project data and analytics to enable cost control, business agility, and project optimization. We are proud to have advised the EcoSys founders on this transaction.”
About Aeris Partners
Aeris Partners provides premium strategic M&A advisory services to best-in-class software and Software-as-a-Service (SaaS) companies, private equity investors and venture capital firms spanning a range of high-growth vertical markets including healthcare (HCIT), financial technology (FinTech), architecture, engineering and construction (AEC), energy & power (EnergyTech), education (EdTech), analytics, transportation and logistics, and the public sector, among others. Aeris leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $18 billion of M&A advisory assignments to date. For more information, please visit: aerispartners.com.
Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC.