Toronto-based Environmental, Health, Safety and Quality management (EHSQ) software provider Intelex Technologies Inc. has acquired Denver-based Ecocion, a SaaS provider of environmental management information systems (EMIS) aimed at helping businesses manage the challenges inherent to environmental risk and compliance, regulatory requirements and greenhouse gas (GHG) emissions reporting.
The acquisition makes Intelex the largest independent vendor of EHSQ cloud-based software and puts it well in the lead in the North American EMIS market.
“We’re super excited to make Ecocion a part of the Intelex family,” said Intelex President and CEO of Mark Jaine. “The capabilities of both teams, when integrated, will supercharge our ability to deliver the most comprehensive EHSQ software platform to companies of all sizes, from growth focused startups to global enterprise customers, empowering them to meet compliance requirements and improve operating performance.”
With over 1,000 clients worldwide, including blue-chip companies like Kraft, Sears, Virgin Atlantic and Volvo, the Intelex platform increases efficiencies and focuses on employee safety, while facilitating compliance with international standards and regulations such as ISO 9001, ISO 14001 and OHSAS 18001.
Acquiring Ecocion adds their Asset and Compliance Tracking System (ACTS), a SaaS solution used by Fortune 200 energy companies, to Intelex’s offering.
ACTS is powered by a calculation engine and a content library of regulatory data aimed at assuring overall compliance, including permits, limits and exeedances management such as Title V and the U.S. FDA’s National Pollutant Discharge Elimination System (NPDES); libraries of emission sources, equations, and emission factors for generating air and GHG emissions reports; commercial asset management application integrations and process simulation tools; chemical inventory for SARA Title III, Tier I/II and state reporting, also known as the Emergency Planning and Community Right-to-Know Act; as well as water and wastewater track sampling activities, and producing region-specific discharge reports like a Discharge Monitoring Report (DMR).
“The Ecocion team brings with them highly-qualified engineering expertise, a very satisfied customer base, and a first-rate technology that when combined with their extensive regulatory content delivers the best environmental management solution in the market today,” said Intelex Chief Strategy Officer Elie Mouzon.
Intelex will integrate Ecocion’s calculation engine and content library with its own workflow management and reporting capabilities in order to provide a more robust EHSQ solution for its existing customer base of more than 1,000 clients and one million users in industries as varied as the energy, mining, chemical, and manufacturing sectors.
“Everyone is thrilled to be joining the Intelex family,” said Ecocion founder Greg George. “Knowing this transition will add substantial resources for our team, and provides a positive outcome for both our employees and our customers, translates into a tremendous opportunity for continued growth and an energizing vision for the future.”
Last August, Intelex raised a $160 million investment led by JMI Equity, with an assist from Boston-based HarbourVest, representing the first time Intelex took outside investment, after more than 20 years in business.
JMI has previously invested in Eloqua, which was acquired by Oracle in 2013 for $1 billion.
With more than 375 employees, Intelex will spend the next three months transitioning the Ecocion name under the Intelex brand, with additional investment being made to grow capacity for Ecocion’s Denver office and its 60 employees.