JMI-backed Intelex acquires software provider Ecocion
Intelex Technologies Inc has acquired Ecocion, a U.S. software company focused on environmental management information systems. No financial terms were disclosed. Toronto-based Intelex said the deal is one of several "key strategic actions" taken as part of the $160 million investment it received from U.S. growth equity firm JMI Equity and HarbourVest Partners in August 2015. It said the acquisition will extend the company's reach as a vendor of cloud-based software in the environmental, health, safety and quality management space. Intelex added that it plans to invest to grow capacity in Ecocion's Denver, Colorado location.
29 June 2016•3 mins read
