ECI Software Solutions, a leader in cloud-based business management solutions, today announced that it has acquired the Viking Venture portfolio company, MyProduction Group AS, an Oslo, Norway- based provider of integrated cloud solutions for manufacturing and logistics companies in the Nordics. MyProduction will become part of ECI Europe and expand ECI’s presence into Norway and the surrounding Nordic region.
MyProduction helps manufacturing and logistics companies become better at planning, optimizing and documenting important and value-creating processes. The company’s software provides a cloud-based shop floor to swiftly start work without any particular training, inventory withdrawal, documentation and recording time spent on each operation, enabling companies to increase profitability and efficiency.
To help accelerate MyProduction’s growth, ECI plans on making investments in product development, go- to-market and customer success strategies.
– ECI is always open to new ways we can expand our market presence and support new sectors of small and medium businesses as they grow, said Trevor Gruenewald, CEO of ECI.
– After getting to know them through this process, we are confident that the MyProduction team has an inspiring vision for a next- generation ERP platform that will be a leader in its market. We’re looking forward to supporting MyProduction as it realizes that vision and expands in Norway and beyond, he continued
– We believe in the power of software to help the manufacturing sector grow and thrive. Joining with ECI will give us the additional support we need to invest in our platform and our team so that we can continue to provide manufacturers with the best possible technology, said Thore Staerk, CEO of MyProduction.
– It’s been an exciting journey to fund MyProduction and work with the management team to help the company scale. We now see it as the right time to pass the baton to industrial owners to help bring MyProduction’s product and know-how out to a larger geographical market, said Magnus B. Willumsen, Senior Investment Manager at Viking Venture.
The deal closed on December 3, and terms were not disclosed.
ECI Software Solutions provides industry-specific business software solutions and services, focusing on cloud-based technologies. For 30+ years, ECI has served small to medium-sized manufacturing, wholesale/retail distribution, building and construction, and field service organizations. Privately held, ECI is headquartered in Fort Worth, Texas, USA, with offices throughout the U.S., Canada, Malaysia, Europe and Australia. For information, email firstname.lastname@example.org, visit www.ECISolutions.com or call (800) 959-3367.
About Viking Venture
Viking Venture is the leading Nordic Software investor with more than NOK 3 billion under management. Since 2001, Viking Venture has invested in more than 50 Nordic companies with a particular focus on scaling Business-to-business (B2B) Software-as-a-Service (SaaS) companies.
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