A subsidiary of EcoOnline Holding AS, has entered an agreement to acquire Pilotech AS (“Pilotech”), a Software as a Service (“SaaS”) company providing crisis management and emergency response solutions.
Pilotech is a Norwegian provider of InCaseIT, a cloud-based crisis management and emergency response system helping companies digitize and improve contingency plans. InCaseIT offers a well-proven and tested solution which represents an attractive EHSQ add-on to the existing EcoOnline platform.
“There’s a clear strategic fit between InCaseIT and EcoOnline; and we are looking forward to welcoming the Pilotech team and their customers to our company. The acquisition will allow us to further help our customers proactively reduce risks facing employees, customers, business and the environment; and is in line with our strategy of adding relevant EHSQ adjacencies to our product portfolio. Notably, InCaseIT can be easily integrated into the existing EcoOnline platform, making it immediately available to current and new customers,” says Göran Lindö, CEO at EcoOnline.
“The SaaS product provided by InCaseIT has excellent client-acclaim and is relevant to EcoOnline’s expansive global reach. The user-friendly solution is supported by a strong team who shares EcoOnline’s vision of helping businesses in all industries and sizes to create safer, more sustainable and efficient workplaces,” he adds.
Rethinking crisis management
The worldwide pandemic has reinforced that companies must anticipate new and emerging work-related safety and health risks before the crisis happens. It is now more important than ever for companies to create and put in place robust and comprehensive strategies to help strengthen workplace safety processes.
Switching to a unified platform for EHS processes, for a better information flow and view of activities, will make a huge difference to all companies who are looking to enhance their sustainable development and achieve economic growth.
CEO of Pilotech, Morten Køpke
The founder and managing director of InCaseIT, Morten Køpke, points out that the strategic fit between the two companies will result in better products and services for customers:
“Demand for crisis management and emergency response systems is growing, supported by stricter regulations for crisis and emergency processes as well as the increase of cyber-attacks. By integrating InCaseIT into the EcoOnline platform, we will be better positioned to scale our offering to deliver more value and opportunity for our customers, present and future,” says Morten Køpke.
“By joining forces, the two companies will offer a broader product range to a larger client base. We already share many of the same customers; and we see great potential from upselling and cross-selling to existing customers in all markets,” he adds.
About EcoOnline AS
EcoOnline is a European EHSQ SaaS market leader dedicated to developing software creating safer & sustainable workplaces while ensuring compliance and environmental sustainability. EcoOnline has offered a positive contribution to customers and society since its inception and is a leader in the Nordics, UK and Ireland with customers also in US and many other countries. The company has a clear history of successfully acquiring and integrating companies with same level of employee engagement as EcoOnline.
About Pilotech AS
Pilotech is based out of Oslo, Norway with local presence in Sweden. Their cloud-based, next generation emergency response tools are covering all tasks associated to a specific risk scenario. Keeping companies ready through planning and preparation stages, tracked alerting (notification), customized tasks and responsibilities. Since its inception in 2012, the company has grown its Annual Recurring Revenues (“ARR”) by double digits and its customer base already exceeds fifty clients from five countries. For 2020, the six-person strong team reported revenues of close to NOK 7 million with an ARR of approximately NOK 5 million and a break-even EBITDA contribution.
Göran Lindö, CEO EcoOnline Group
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