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Carlyle collects business software developer ECi for portfolio

12 Mar 2014

software binary code computerGlobal alternative asset manager Carlyle has bought business management and e-commerce software company ECi.

The business aims to provide software which helps growing and mid-sized companies across industries including office products and furniture, building materials and distribution.

Carlyle tapped its mid-market focused US Equity Opportunity Fund for the investment.

Charles Rossotti, Carlyle operating executive, said, “ECi has developed a proven and effective capacity to provide small and medium size enterprises with technology solutions that make them competitive with much larger businesses.

“We believe this capacity is a very special asset for the global economy, in which small businesses generate so much innovation and job growth.”

Carlyle managing director Steve Bailey added, “Carlyle’s investment will enable ECi to continue investing in its great people, delivering exceptional customer service, enhancing the functionality and features of its leading solutions, and expanding its global footprint.”

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