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MACOLA, JOBBOSS, MAX SPUN OFF Featured

 Ron Books, ECi Software Solutions The Exact Group is spinning off its manufacturing software operations in the United States. Macola, JobBoss and Max will end up under the ownership of ECi Software Solutions of Fort Worth, Texas. Terms were not disclosed. Exact, based in the Netherlands, will continue to sell its Globe, Synergy and Exact Online software in this country.

Macola's managing director, Alison Forsythe, remains in place with ECI managing overall operations. The deal is expected to close in two months. ECI sells financial software into the following markets: manufacturing, distribution, building and construction, and field and IT service. The spinoff is being accomplished by private equity firm Apax Partners agreeing to acquire ECI. ECI was owned by affiliates of the Carlyle Group and Level Equity. Carlyle will keep a minority interest. The three manufacturing applications are then being combined into ECi. Apax acquired the then publicly held Exact in April 2015, explaining it believed public investors did not have patience for companies to invest in moving to the cloud. ECI sells financial software into the following markets: manufacturing, distribution, building and construction, and field and IT service. The company is led by CEO Ron Books, who stepped into that position early in 2009 and had worked his way up after joining ECI in 1999 when it was a startup. The company's web page says ECi has revenue, "somewhere north of $100 million".

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