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.
Intelex Acquires Ecocion Environmental Solutions
One of Canada’s Fastest-Growing Tech Companies Expands North American Footprint With Purchase of Denver-Area Software Firm
TORONTO, ON–(Marketwired – June 29, 2016) – Intelex Technologies, a global leader in the development of environmental, health, safety and quality management (EHSQ) software, announced today that it has acquired Denver-based Ecocion, a leading SaaS provider of environmental management information systems (EMIS) that helps businesses govern their environmental risk and compliance, regulatory requirements and greenhouse gas (GHG) emissions reporting.
The acquisition of Ecocion is one of several key strategic actions taken under the $123 million ($CAD 160 million) investment Intelex received from JMI Equity and HarbourVest in 2015. The purchase will extend Intelex’s reach as the largest independent vendor of EHSQ cloud-based software and provides the company a commanding lead in the North American EMIS market.
“We’re super excited to make Ecocion a part of the Intelex family,” said Mark Jaine, President and CEO of Intelex. “The capabilities of both teams, when integrated, will supercharge our ability to deliver the most comprehensive EHSQ software platform to companies of all sizes, from growth focused startups to global enterprise customers, empowering them to meet compliance requirements and improve operating performance.”
Included in the purchase is Ecocion’s Asset and Compliance Tracking System, also known as ACTS — the leading environmental SaaS solution for Fortune 200 energy companies. ACTS is powered by a best-in-class calculation engine and an exhaustive content library of environmental regulatory data to assure overall compliance, including:
•Permits, limits and exceedances management, such as Title V and NPDES
•Libraries of emission sources, equations, and emission factors to generate air and GHG emissions reports
•Integrations with commercial asset management applications, process historian (for example, OSIsoft PI), and process simulation tools (for example, ProMax®)
•Chemical inventory for SARA Title III, Tier I/II and state reporting.
•Water and wastewater solutions to track sampling activities, maintain change of custody records, and produce region-specific discharge reports such as Discharge Monitoring Report (DMR)
Intelex plans to integrate Ecocion’s calculation engine and content library with its highly-regarded workflow management and reporting capabilities to provide the most powerful EHSQ solution available to its more than 1,000 clients across energy, mining, chemical, and manufacturing industries, among others.
Elie Mouzon, Intelex’s Chief Strategy Officer, remarked, “The Ecocion team brings with them highly-qualified engineering expertise, a very satisfied customer base, and a first-rate technology that when combined with their extensive regulatory content delivers the best environmental management solution in the market today.”
Intelex is headquartered in Toronto, Canada, and has more than 375 employees. Over the next three months the Ecocion name will be transitioned under the Intelex brand. Additional ongoing investment will be made to grow capacity for the Denver area office and its 60 employees.
“Everyone is thrilled to be joining the Intelex family,” said Greg George, founder of Ecocion. “Knowing this transition will add substantial resources for our team, and provides a positive outcome for both our employees and our customers, translates into a tremendous opportunity for continued growth and an energizing vision for the future.”
With more than 1,000 clients and 1 million users, Intelex Technologies Inc. is a global leader in environmental, health, safety and quality (EHSQ) management software. Since 1992 its scalable, web-based platform and applications have helped clients across all industries improve business performance, mitigate organization-wide risk, and ensure sustained compliance with internationally accepted standards (e.g., ISO 9001, ISO 14001, ISO 45001 and OHSAS 18001) and regulatory requirements. Intelex is one of Canada’s fastest-growing tech companies and has been named one of the country’s Most Admired Corporate Cultures, Best Managed Companies, as well as one of the country’s top employers by Aon Hewitt and Canada’s Top 100. For more information, visit www.intelex.com.
Todd M. Scott
Photo courtesy of Intelex Technologies Inc