Toronto’s Intelex Technologies announced today that it has acquired Denver-based Ecocion, a SaaS provider of environmental management information systems that helps businesses govern their environmental risk and compliance, regulatory requirements and greenhouse gas emissions reporting.
The acquisition of Ecocion is a strategic action taken under the $123 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.
“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,” said Mark Jaine, President and CEO of Intelex.
Intelex plans to integrate Ecocion’s calculation engine and content library with its workflow management and reporting capabilities to provide a powerful EHSQ solution to its clients across energy, mining, chemical, and manufacturing industries.
“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,” Elie Mouzon, Intelex’s Chief Strategy Officer, remarked.
Intelex is headquartered in Toronto and has more than 375 employees. Over the next three months the Ecocion name will be transitioned under the Intelex brand. Ecocin has 60 employees.