TORONTO, ON – January 23, 2023 – EcoOnline, a leading European environment, health, and safety (EHS) software-as-a-service (SaaS) company, announces the acquisition of the Software division of UK-headquartered Alcumus, a global market leader in risk management solutions. The acquisition creates a truly global EHSQ technology leader with over 850 team members, supporting 10,000 customers with best-in-class EHSQ software solutions.
EcoOnline’ Software division delivers solutions that help organizations manage and audit EHS risk across a wide range of sectors including retail, construction, and manufacturing. Alcumus offers seven global EHSQ software tools, and it operates worldwide with offices in the UK, North America, and New Zealand. It has a 2,000-strong customer base. Around 300 employees will be joining EcoOnline.
Founded in 2000 and headquartered in Norway, EcoOnline is a European market leader in developing software for creating safer and sustainable workplaces while ensuring compliance and environmental sustainability. EcoOnline has a strong position in the Nordics, with a growing presence in the UK, Ireland, and the US. The company currently serves 8,000 customers across almost all business sectors.
Only the Alcumus software division is being acquired as part of this transaction.
Creating a global leader
Chris Joseph, Executive Chairman of EcoOnline: “Supported by its investor Apax Partners, EcoOnline is committed to becoming the global leader in middle-market EHS software. Adding the Alcumus technology, customers and team to that effort is a strategic step forward, making us an even stronger partner for customers around the world.”
Andreas Nordsjö, EcoOnline’s Senior Vice President of Operations, says: “By joining forces with Alcumus Software, we’re creating a global software leader with a mission, to keep people safe and protect the environment. This is particularly exciting as Alcumus and EcoOnline share the same vision and desire to use technology for good, along with having an employee-centered culture. The acquisition provides a strengthened presence in the UK and Ireland, and a far bigger North American footprint.”
Helen Jones (EcoOnline EcoOnline) and Tyler Davey (Alcumus North America), who are both joining the EcoOnline leadership, say: “The integration of Alcumus' class-leading software into EcoOnline’s product portfolio has the potential to revolutionize the way we think about occupational health and safety. Our mission statement is to help organizations effortlessly create safer and more sustainable workplaces, with people at the heart of what we do, and we’re lucky to be teaming up with EcoOnline who share the same commitment.”
“We are looking forward to seeing how we can continue to lead the charge with new, enhanced software capabilities. Together, our impact will be exponentially felt, with synergy in our company values and organizational culture. With complementary product suites and customer portfolios, the expanded EcoOnline will offer a global EHSQ solution for all customer sizes.”
This is the 12th acquisition made by EcoOnline in the past four years, which include Airsweb, StaySafe and Biome. Both EcoOnline and Alcumus have secured investment from Apax Funds.