ecMarket Inc.
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ecMarket Inc. - overview
Established
1999
Location
Vancouver, BC, Canada
Primary Industry
Software
About
Based in Vancouver, Canada, and founded in 1999, ecMarket Inc. , trading under the name Conexiom, operates as a provider of software-as-a-service based purchase order solutions and automation platforms that support the business transaction process between the buyer and sellers in the market. The company is currently operating its offices across Kitchener, ON, London, England Munich, Germany, and Chicago, IL and managed by present CEO and President Ray Grady, along with Chairman and Luminate Operating Partner, Mark Pierce. The company is trusted by various manufacturers and distributors across its scope market including Grainger, Genpak, Prysmian, Rexnord, USESI, Compugen, Accenture, Epicor, Deloitte, Cognizant, Insight Software, and others.
In February 2018, Luminate Capital Partners invested in Conexiom, and in July 2020, Iconiq Capital also invested in the company for CAD 40 million. In September 2021, Warburg Pincus invested CAD 130 million. Existing investors Luminate Capital Partners and Iconiq Capital retained a majority stake in the company following the investment of Warburg Pincus. Conexiom is a platform that facilitates touchless business transactions between the seller and a buyer.
It performs process automation, extraction of accurate data information, and creation of orders depends on the business sectors and clients. Conexiom platform is built to create seamless relationships and partnerships between the customers and suppliers and perform operations to meet the specific needs and demands of the end-users and business clients. The company is aiming to accelerate its automation business solutions, improve its process platform, and enhance its market leadership to meet the increasing demands of the clients in its scope market.
Current Investors
ICONIQ Capital, Warburg Pincus, Luminate
Primary Industry
Software
Sub Industries
Web Applications, Accounting/Finance Software, Analytics & Performance Software, Logistics Software
Website
www.conexiom.com
Verticals
Cloud Computing, IoT (Internet of Things)
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
ecMarket Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | ecMarket Inc. | - | ||||||||
| Growth | Completed | ecMarket Inc. | - | ||||||||
| Growth | Completed | ecMarket Inc. | - |
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