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

Everything You Need to Know About: Permit to Work

Clear safety protocol is a non-negotiable for all companies. However, it’s not always easy to convey this information to contractors and employees – especially if...
Read more
22nd November 2022
Blog

Powerproject by Elecosoft wins Project Management Software of the Year for the ninth time

We’re delighted to announce that Powerproject by Elecosoft has won the Project Management Software of the year at this year’s Construction Computing Awards (aka #theHammers)...
Read more
15th November 2022
Company News Featured Insight

Why corrective maintenance could be costing your company more than you think

Asset management is a major cost for most companies. But could you be spending more than necessary? The type of maintenance model your company adopts...
Read more
15th November 2022
Blog