Apax Funds to buy ECi Software Solutions from Carlyle and Level Equity

Apax Funds has agreed to acquire Fort Worth, Texas-based ECi Software Solutions, a provider of enterprise resource planning software solutions for small and medium-sized companies in the distribution, field services, building and construction and manufacturing industries. The sellers are The Carlyle Group and Level Equity. No financial terms were disclosed. In conjunction with the deal, the Macola, JobBOSS and MAX businesses of Exact Software, a portfolio company of Apax Funds, will merge with ECi. Upon closing of this merger, Carlyle will retain a minority ownership stake in the newly combined company.

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