mdf commerce announces the acquisition of California-based EcoInteractive
09 7월 2024 - 8:30PM
Today, mdf commerce inc. (mdf) announces the acquisition of
EcoInteractive (the company), a highly respected and leading SaaS
provider for transportation, environmental and local government
agencies in the U.S., from Alpine Software Group (ASG).
Celebrating an Enduring
Legacy
Founded in 1993 in Davis, California,
EcoInteractive was acquired by ASG in December 2017. ASG appointed
Jessie Yu as EcoInteractive’s CEO and she later built a complete
management team for the company. Since then, EcoInteractive
completed a major technology update to modernize its entire
technology infrastructure and expanded its product features to
serve a wider range of customer profiles and needs. Today,
EcoInteractive’s cloud-based SaaS software is used to manage
critical infrastructure portfolios in 25 states, serving government
agencies across the spectrum from small urban areas to the largest
states.
A Strategic Fit
With the largest network of public agency buyers
in North America, mdf commerce is uniquely positioned to integrate
EcoInteractive's SaaS solutions. This acquisition strengthens mdf's
ability to deliver and expand its comprehensive GovTech software
products, enhancing digital efficiencies across public sector
operations.
“I am extremely pleased with this acquisition,
which has tremendous potential for future growth and synergies
between EcoInteractive and mdf commerce,” said Luc Filiatreault,
President and CEO of mdf commerce. “The EcoInteractive acquisition
enriches our offering to create significant value for our
customers.”
“We are thrilled to partner with mdf commerce in
our next chapter,” said Jessie Yu, CEO of EcoInteractive. “There is
a tremendous opportunity to help government agencies deploy
integrated technology solutions that drive operational improvements
and better outcomes for their communities. The complementary
product and cultural fit between mdf commerce and
EcoInteractive creates a strong partnership to accelerate our
shared vision.”
“We are proud of the EcoInteractive team and the
company they have built over the past six-plus years as part of
ASG. Jessie is an incredible operator and a thoughtful, driven
leader. She has built an enduring legacy, creating a strong
position for both the team and the company as this new chapter
begins with mdf commerce,” said Steve Reardon, CEO of ASG.
Advisory Support
Software Equity Group (SEG) served as the
exclusive advisor to EcoInteractive on this transaction, and
William Blair served as a buy-side advisor to mdf commerce.
About mdf commerce
mdf commerce inc. enables the flow of commerce
by providing a broad set of software as a service (SaaS) solutions
that optimize and accelerate commercial interactions between buyers
and sellers. Our platforms and services empower businesses around
the world, allowing them to generate billions of dollars in
transactions on an annual basis. Our eprocurement, ecommerce and
emarketplaces solutions are supported by a strong and dedicated
team of approximately 650 employees based in Canada and in the
United States. For more information, please visit us at
mdfcommerce.com, follow us on LinkedIn or call at
1-877-677-9088.
About EcoInteractive
EcoInteractive provides industry-leading cloud
solutions to government agencies managing complex problems in
infrastructure planning, environmental regulations and capital
project portfolios. Its ProjectTracker SaaS - the modern,
cloud-based software solution specifically designed for
transportation planners and capital program managers - support
DOTs, MPOs and local capital program managers across more than 25
U.S. states. EcoInteractive's suite of enterprise software
solutions help program owners transform capital planning processes,
drive greater efficiencies and collaboration, make better decisions
with powerful integrated data, and deliver better program
outcomes.
About ASG
ASG, backed by Alpine Investors, is a
unique and fast-growing software business that buys and builds
market-leading vertical SaaS companies. ASG believes deeply in the
power of people and data to grow great organizations, and that
sharing knowledge, expertise, and resources across its community of
businesses drives exponential growth. Founders of leading SaaS
companies continue to trust ASG to grow their businesses and build
even stronger legacies for the future.
Contacts
For mdf commerce media inquiriesBrigitte Guay,
Director – Corporate Communications514
702-9658brigitte.guay@mdfcommerce.com
For EcoInteractive media inquiriesJessie Yu,
CEO530 750-1736jyu@ecointeractive.com
For ASG media inquiriesJordan Niezelski, Edelman
Smithfield860 833-2947jordan.niezelski@edelmansmithfield.com
MDF Commerce (TSX:MDF)
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부터 10월(10) 2024 으로 11월(11) 2024
MDF Commerce (TSX:MDF)
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부터 11월(11) 2023 으로 11월(11) 2024