ECI Software Solutions Agreement to Acquire Shoptech Industrial Software |
ECI Software Solutions Agreement to Acquire Shoptech Industrial Software(SEPTEMBER 9, 2020) - ECI Software Solutions, a leader in cloud-based business management solutions, announced Sept. 9 that it has signed a definitive agreement to acquire Glastonbury, Connecticut-based Shoptech Industrial Software Corp., a provider of ERP software for job shops and made-to-order manufacturers. Shoptech’s products help manufacturers better manage the complexities of their manufacturing operations, including quoting, scheduling, purchasing, shipping, and accounting, allowing them to run their businesses more efficiently and profitably. “At Shoptech, we are always looking for new opportunities to grow our solutions and serve our customers and employees well,” Phil Hutchinson, CEO, Shoptech, said in the news release. “After getting to know the ECI team we quickly recognized that our missions are totally aligned and combining forces with them will help us create an even better result for everyone.” Completion of the acquisition is subject to regulatory approvals and other standard closing conditions. The transaction is expected to close in the fourth quarter of 2020. - (Fort Worth Business Press) |