Onboard has acquired Markham, Ontario-based eSCRIBE Software, a cloud-based governance and meeting management solutions provider. No financial terms were disclosed. Indianapolis-based Onboard, a cloud-based board management solutions business, earlier this year raised a $100 million investment from JMI Equity.
INDIANAPOLIS, Aug. 4, 2021 /CNW/ — Passageways, the parent company of OnBoard, the leading board management solution for high-performing boards, today announced it has acquired eSCRIBE Software Ltd., the leading cloud-based governance and meeting management solution for public sector boards, committees, and councils. The strategic acquisition extends OnBoard’s market reach for empowering boards and committees across Canada and strengthens eSCRIBE’s presence within the United States.
The acquisition combines two organizations with complementary experience and expertise: OnBoard provides strength in delivering actionable board intelligence and analytics-based insights coupled with eSCRIBE’s strengths in comprehensive public sector meeting management.
“Like every sector, government bodies are undergoing digital transformation and modernizing to meet constituents’ expectations,” said Paroon Chadha, CEO and co-founder of OnBoard. “With this acquisition, together OnBoard and eSCRIBE can help them meet their challenges, improve decision-making, and provide transparency. We continue to create a future where technology frees boards – of all types – to pursue bold action with strong governance and accountability.”
The combined company will give boards and public sector leadership teams the advantages of a secure, collaborative platform that consistently receives high marks for ease of use and positive customer experience. By bringing together these best-in-breed technologies, boards, committees, and councils across the country will have access to a cloud-based system of record for board materials, enabling real-time communication across any device, including time efficiency management and hybrid meeting capabilities.
OnBoard’s expertise in supporting the unique board needs of customers in financial, corporate, higher education, professional associations, healthcare, and non-profit sectors will complement eSCRIBE’s impressive experience in public sector boards, including municipalities, public administration, and other government agencies. Together the combined company will serve and support more than 3,500 boards and 14,000 subcommittees in more than 30 countries across the globe.
“We’re thrilled to join OnBoard and continue the critical work of making meetings and our customers as effective as possible,” said Robert Treumann, Founder and CEO of eSCRIBE. “With our complementary offerings, we’ll continue to invest in product innovation to successfully empower our customers here in Canada and the United States with the most effective meeting and board management solutions possible.”
“It’s a very rare thing to find a company that is so similar to your own in terms of origin story, culture, commitment to customers, and growth opportunities,” said Chadha. “This acquisition represents the best-of-breed category leaders coming together to create an unstoppable innovation and deep experience in customer support.
The acquisition builds on a strong year of momentum for OnBoard, including a strategic brand update in April and a $100M growth investment from JMI Equity in June. OnBoard and eSCRIBE remain committed to continuing operations at their respective headquarters of Indianapolis and Markham, Ontario, and plan to proceed with continued hiring plans throughout 2021 and beyond, including the addition of more than 60 new full-time hires to support continued growth.
eSCRIBE is a leading provider of cloud-based meeting management solutions, and the go-to-choice for public sector boards, committees, and councils. eSCRIBE supports the entire meeting lifecycle with comprehensive tools and workflows to improve efficiency and transparency and is compliant with accessibility standards, including American and Canadian disabilities acts and WCAG 2.0. eSCRIBE helps organizations ensure continuity, efficiency, and effectiveness in hybrid public meetings by seamlessly integrating both virtual and physical meeting environments into a single, unified experience.