Eleco plc, the AIM-listed specialist software provider to the built environment, has acquired BestOutcome, a project portfolio management SaaS provider.

Buckinghamshire-based BestOutcome has developed PM3, a tool which allows organisations to run everything from large-scale business change programmes to simple, standalone projects. 

BestOutcome’s existing client base comprises enterprise customers, significant public sector bodies, facility asset owners and operators. They include the NHS, Medicines & Healthcare Regulatory Authority, Nottinghamshire Police, Cambridge City Council, Shared Service Connect and ACCO Brands.

“The acquisition of BestOutcome represents another milestone in the development of Eleco as a leading provider of world-class software solutions to the built environment,” said Eleco CEO Jonathan Hunter. 

“The addition of BestOutcome’s simple, well designed, scalable PM3 project portfolio management SaaS software to Eleco’s existing software portfolio will enable Eleco to meet the needs of a diverse audience in the built environment.

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“The investment in research and development, through doubling its development team over the last few years, makes it stand out amongst its peers as a highly secure and practical solution for planning and managing transformation programmes for customers in public and private sectors.

“We look forward to working with our new colleagues as we solve the challenges of the built environment together”.

BestOutcome’s tool PM3 has been designed to manage programmes and portfolios and help with prioritisation and effective resource and risk management. The company employs 22 people, and the existing management team will remain in place.

David Walton, managing director of BestOutcome, said: “We are excited to be part of the Eleco organisation. This will enable us to develop further the capability of PM3 and PM3time and provide our award-winning software to a wider range of clients.”

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