Back to latest news

Announcing Elecosoft’s acquisition of Shire Systems Ltd.

The Board of Elecosoft announces the acquisition of Shire Systems Limited (“Shire Systems”) a leading UK provider of computerised maintenance management software (CMMS) for an enterprise value of £5.1 m in cash.

The acquisition is a significant advancement in our successful strategy of investing in synergistic software products and technologies to strengthen our construction software portfolio. The acquisition of Shire Systems extends Elecosoft’s product usage beyond early planning, design and construction by providing a system for managing and maintaining equipment and property.

Shire Systems is a well-established and profitable software business with a diverse and high profile customer base in the manufacturing, healthcare, hospitality, construction, transport, education and utilities industries, to name a few.

The Board of Elecosoft is confident that Shire Systems’ asset maintenance and management expertise together with Elecosoft’s BIM industry expertise and construction data storage capability will provide significant opportunities for the development of new software applications in the post construction phase of the life of a building.

Related news

5 misconceptions about moving to cloud-based project management software

Why is construction lagging behind so many other industries when it comes to digital transformation? In a recent article, Building journalist Thomas Lane noted that...
Read more
6th May 2024
Blog

The benefits of integrating cloud technology with Asta Powerproject

For the next five minutes, your name is David Newsom. You’re a Senior Planner at a major contracting firm using Asta Powerproject to plan and...
Read more
23rd April 2024
Blog

Eleco enhances its digital transformation capability

London, Tuesday 16th April, 2024: Today, Eleco plc, the specialist software provider for the built environment, announces its acquisition of custom software integration and development...
Read more
16th April 2024
Company News Featured