Intergraph(R)Process, Power & Marine – part of Hexagon and the world’s leading provider of enterprise engineering software enabling smarter design and operation of plants, ships and offshore facilities – announced an agreement to acquire EcoSys Management LLC, a provider of best-in-class enterprise project controls software.
The strategic acquisition of EcoSys will broaden Intergraph’s leadership position as a project enterprise solution provider by adding project controls to its existing enterprise portfolio.
EcoSys’ flagship software solution, EcoSys Enterprise Planning & Controls (EPC), has been widely adopted by the project controls industry, both in Process, Power & Marine (PPM) and Architectural, Engineering & Construction (AEC) markets.
A web-based platform introduced in 2006, it provides the deepest capabilities to support the complete spectrum of solutions within the project controls discipline – from project portfolio management and capital programme management, through budgeting, forecasting and performance reporting. It bridges the gap that has traditionally existed between planning and managing project execution.
EcoSys sells its software for on-premise use, as a hosted solution, and as a Software as a Service (SaaS) model.
Inc. magazine recently ranked EcoSys on its 34th annual Inc. 5000 List – a prestigious ranking of US-based, privately held, for profit and independent companies. EcoSys’ revenue increased 222% during the three-year span evaluated by Inc. magazine.
EcoSys – which has approximately 100 employees in the US – will continue as a standalone operation under its current management team, which is comprised of software veterans with hands-on experience designing and implementing world-class commercial enterprise software currently used by thousands of global organisations.
EcoSys is headquartered in Broomfield, Colorado, a Denver suburb, with a research and development facility in New York City, an office in Houston, and sales support locations in London and Sydney.
Founded in 2000 by the original developers of Primavera’s enterprise project management system (now known as P6), EcoSys has implemented enterprise solutions for over 250 leading organisations in the public and private sectors for a range of industries including energy and utilities, oil, gas and chemicals, engineering and construction, transportation, information technology and government contracting.
Its customers include Alstom, Air Products, American Electric Power, Bechtel, Los Angeles County Metropolitan Transportation Authority, Marathon Petroleum, Suncor and Technip among others, across a wide range of industries.
Comments from Intergraph
Gerhard Sallinger, Intergraph’s President, said: “The acquisition of EcoSys will allow us to offer another next-generation solution and technical expertise to deliver even greater productivity and value for our current and future customers worldwide. EcoSys technology will be strategic for our expanded offering to the AEC/BIM markets to improve project execution. This acquisition, which will be the third of 2015, is another example of Intergraph’s commitment to expand and broaden our software solutions portfolio and invest in the future.”
Comments from EcoSys
“We at EcoSys are very excited to be joining an industry leader like Intergraph and becoming part of the Hexagon family,” said Javier Sloninsky, Co-Founder and CEO of EcoSys. “With such a powerful combination of technologies, we can help our customers improve project performance and productivity like never before. EcoSys EPC, our project controls software platform, is an ideal fit and this acquisition will create significantly more growth opportunities by allowing our company to leverage Intergraph’s technology portfolio, channel infrastructure and global customer contacts.”
Edited from various sources by Stephanie Roker