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Posted on August 7, 2019 by staff

UK-based Alcumus invests £25m in Canadian SaaS firm

UK software-led risk management solution provider Alcumus has completed a majority investment in eCompliance, a Canadian workplace safety SaaS business eCompliance.

Alcumus, backed by the private equity firm Inflexion, said it will become the leading software organisation supporting safer and healthier workplaces in both Europe and North America.

eCompliance will operate as the North American arm of Alcumus, providing access to the North American market for an expanded portfolio of Alcumus products, as well as accelerating investment in its core product.

“Joining forces with Alcumus enables us to accelerate our journey of innovation in health and safety which we started in 2013,” said Adrian Bartha, CEO of eCompliance, who will continue to lead the business.

“Teaming up with Alcumus allows us to bring the most innovative products and ideas from both companies to the workforces across North America, the UK and Europe.”

Alyn Franklin, CEO of Alcumus added: “We have been extremely impressed by the quality of everything we have seen in eCompliance, from the technology that runs through its products to the people and management that we have met, and both organisations share the same mission and values. eCompliance will bring access to an exciting new market as well as additional technology capability as we continue to provide cutting edge services to the growing range of businesses that we support.

“We are very excited by this acquisition and look forward to welcoming eCompliance into the Alcumus family.”