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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 provider, Vertical Digital.

Romania-based Vertical Digital group has a proven track record of providing agile and innovative research and software development, technical consulting and upskilling solutions to European and multinational end-customers including Lufthansa Technik, PwC, VW Financial Services, Deloitte and Zoopla.

The acquisition will enhance Eleco’s capability to service and scale its customers by connecting systems and with technical consulting which will support their digital transformation journeys. Vertical Digital will also provide elastic augmentation of Eleco’s internal research and development capacity which will further improve product time to value. Overall, this will strengthen Eleco Group’s product breadth and focus on customer centricity.

Eleco plc is an AIM-listed (AIM:ELCO) specialist international provider of software and related services to the built environment through its operating brands Elecosoft, BestOutcome and Veeuze.

The Group’s software solutions are trusted by international customers and used throughout the building lifecycle from early planning and design stages to construction, interior fit out, asset management and facilities management. With the acquisition, Eleco adds Romania to its global centres of excellence in the UK, the US, Sweden, Germany, the Netherlands, and Australia.

Commenting on the news, Jonathan Hunter, Chief Executive Officer of Eleco, says,

“We are pleased to welcome Vertical Digital to the Group, which will accelerate our ability to support our customers in solving the challenges they face in delivering their digital transformation strategies. Eleco is now better enabled to provide a broader range of solutions and engage with more of its customers and partners on their strategic technological direction.

I am impressed with the calibre of customers that Vertical Digital have acquired and the experience and talent of our new colleagues and pleased that the two founders of Vertical Digital are committed to supporting the growth ambitions of the Group. Dan Pop will be responsible for expansion in Eastern Europe as Regional Managing Director, Eastern Europe and Alex Gheboianu will ensure the Group continues to innovate and retain world-class technical talent as Chief Technology Officer. ”

Dan Pop, Co-founder and CEO of Vertical Digital, says:

“Alex Gheboianu and I, the founders of Vertical Digital, have always thought big and although the business has quickly grown in recent years, our ambition is to scale much quicker. In Eleco, we’ve discovered a partner that fully embodies our vision and growth mindset: putting customers first to solve their challenges. We are excited to be embarking on this new chapter and are committed to making meaningful contributions to the ongoing success as part of the Eleco Group.”

For more information visit this page: Acquisition of Vertical Digital – Eleco plc

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