Elecosoft has acquired Integrated Computing & Office Networking Ltd (ICON) for a total of £2.4m in cash and shares. ICON is a leading SaaS provider of building information management and storage systems, principally to the UK retail sector and its purchase is thus consistent with Elecosoft’s strategy of investing in SaaS technology to grow its customer reach and strengthen its position as an international provider of innovative, market-leading visual software applications.
17 Oct 2016
SaaS model strengthened through acquisition
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SaaS model strengthened through acquisition
Eleco Plc (ELCO:LON) | 92.5 0 0.0% | Mkt Cap: 77.0m
- Published:
17 Oct 2016 -
Author:
Cavendish Research -
Pages:
12
Elecosoft has acquired Integrated Computing & Office Networking Ltd (ICON) for a total of £2.4m in cash and shares. ICON is a leading SaaS provider of building information management and storage systems, principally to the UK retail sector and its purchase is thus consistent with Elecosoft’s strategy of investing in SaaS technology to grow its customer reach and strengthen its position as an international provider of innovative, market-leading visual software applications.