FORT WORTH, Texas — ECI Software Solutions announced that it has acquired ThermoGRID. ThermoGRID will become part of ECI’s Field Service division, under division president Laryssa Alexander, and will enable ECI to reach a new segment of the market: residential service companies, including HVAC, electrical, and plumbing.
“ECI has helped small and medium businesses grow profitably and sustainably for decades,” said Ron Books, ECI’s CEO. “Bringing ThermoGRID into the ECI portfolio will enable us to bring that experience to a new market, and we can’t wait to see what we accomplish together.”
“When I created ThermoGRID years ago, my goal was to create a software for field service contractors that would make them more efficient, accurate, and profitable,” said Adam Cory, president and owner, ThermoGRID. “Over the last 10 years, we have helped many contractors achieve a high level of success by continuing to enhance ThermoGRID. Becoming part of ECI will help us continue that work in an even bigger and better way than before, creating more opportunities for our customers.”
GrowthPoint Technology Partners, a Silicon Valley-based investment bank, acted as the exclusive financial advisor to ThermoGRID. The deal closed on September 1 and terms were not disclosed.