Chesterbrook’s Deacom was acquired by a Fort Worth-based software company
Diacom, the Chesterbrook-based enterprise resource planning software company, was recently acquired by the Fort Worth-based company ECI software solutions, the companies said Thursday.
ECI, a manufacturer of cloud-based business management solutions, serves small and medium-sized businesses in manufacturing, wholesale and retail distribution, building and construction, and field services. Deacom will join the manufacturing division of ECI, which has approximately 14,000 customers worldwide. CEO of ICE Trevor Gruenewald said in a statement that the addition of Deacom to its portfolio will allow the Texas company to serve batch and process manufacturers in addition to the custom manufacturers in which it has specialized.
Financial details of the exchange were not disclosed.
The company of about 210 people in the Philly area has grown exponentially in its past quarter century, after CEO Jay deakins started the business in a basement in 1995. Its main product is ERP DEACOM, a platform that aims to solve manufacturing and distribution challenges for its customers.
“I founded Deacom 26 years ago with the vision of giving manufacturers an ERP that is powerful, easy to use and adaptable to changing customer needs,” Deakins said in a statement. “This acquisition is an important step in this mission. We have gotten to know the ECI team well over the past few months and are confident that ECI is the right partner to develop Deacom as a global platform.
The Philadelphia suburban campus accommodates more than 100 employees. In 2019, the company also opened an office in Frankfurt, Germany. Deakins then said he had been considering a European office for about a decade and said the company was finally in a place where it had the resources and operations to grow. When the team assessed the location of an office, they considered cities in Spain, England and France, but in the end, German culture and attention to detail matched well with the Deacom culture.
“We don’t want to come in and say, ‘We’re Americans, that’s the way we do it.’ We will embrace Europe and engage in Frankfurt and Germany, ”said the CEO of this expansion. It is not immediately clear what the plans of Deacom’s office are amid the ongoing pandemic.
The deal is not ECI’s first acquisition. It is bought in the Netherlands Trivest Beheer BV, a provider of intelligent vertical software solutions for the SME manufacturing sector; Shoptech Industrial Software Corp., a supplier of ERP software for custom workshops and manufacturers; and BOLT software, a construction company management offer.
“We are delighted to join forces with the Deacom team to support the entrepreneurial spirit and profitable growth of all manufacturers,” said Gruenewald.