ECS Group
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ECS Group - overview
Established
2008
Location
London, England, UK
Primary Industry
IT Infrastructure
About
ECS Group is a London-based company specializing in digital transformation solutions, focusing on software product engineering and IT/OT transformation to enhance operational efficiency across diverse industries. Founded in 2008, ECS Group operates primarily in London, UK, concentrating on advanced software product engineering. The company was acquired by GlobalLogic Inc. in November 2020 as part of a strategic expansion, with financial details undisclosed.
Led by CEO Cheryl Schoenberg, ECS Group has successfully integrated into GlobalLogic’s operational framework, enhancing its service offerings. ECS Group provides a variety of digital transformation services aimed at improving operational efficiency and customer engagement. Its core offerings include software product engineering, embedded engineering, and IT/OT transformation. Leveraging data analytics and artificial intelligence, ECS Group addresses critical use cases spanning healthcare, telecommunications, and financial services, ensuring robust solutions for its diverse clientele.
In 2023, ECS Group reported a revenue of USD 0 mn and an EBITDA of USD -6,607. 50. With an eye on future growth, ECS Group plans to expand its product offerings and enter new markets. The acquisition by GlobalLogic Inc.
is expected to facilitate the development of innovative solutions tailored for emerging markets in North America, Europe, and Asia. Recent strategic investments will be utilized to enhance product designs and accelerate market entry by the end of 2024.
Current Investors
GlobalLogic, Inc.
Primary Industry
IT Infrastructure
Sub Industries
Consulting Services, IT Infrastructure, IT Security/Cybersecurity, Customer Relationship Management, Analytics & Performance Software
Website
www.ecs.co.uk
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
ECS Group - timeline of key events
ECS Group - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 10,646,820 | 11,846,781 | 11,892,617 | 10,678,794 | 14,618,102 | 13,339,603 | 13,930,951 | 23,803,732 | 18,558,508 | - | - | - |
| % Revenue Growth (YoY) | - | 11.3% | 0.4% | (10.2%) | 36.9% | (8.7%) | 4.4% | 70.9% | (22.0%) | - | - | - |
| EBITDA (USD) | 390,696 | 469,071 | 373,246 | 402,894 | 835,813 | 456,134 | 1,369,521 | 563,217 | (170,802) | - | - | - |
| Operating Income (USD) | 357,371 | 436,807 | 346,386 | 382,538 | 820,547 | 423,878 | 1,349,140 | 552,263 | (179,545) | - | - | - |
| Operating Margin | 3.4% | 3.7% | 2.9% | 3.6% | 5.6% | 3.2% | 9.7% | 2.3% | (1.0%) | - | - | - |
| % EBITDA Margin | 3.7% | 4.0% | 3.1% | 3.8% | 5.7% | 3.4% | 9.8% | 2.4% | (0.9%) | - | - | - |
| NET Income (USD) | 267,084 | 378,269 | 301,897 | 314,975 | 638,875 | 380,250 | 1,311,737 | 568,090 | (125,760) | - | - | - |
| % Net Margin | 2.5% | 3.2% | 2.5% | 2.9% | 4.4% | 2.9% | 9.4% | 2.4% | (0.7%) | - | - | - |
ECS Group - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | ECS Group | - | ||||||||
| Buyout | Completed | Adarma Limited | - |
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ECS Group - employee data
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