mdf commerce announces acquisition of californian company

MONTRÉAL, July 9, 2024 (GLOBE NEWSWIRE) — Today, mdf commerce inc. (mdf) announced the acquisition of EcoInteractive (the “Company”), a highly respected and leading provider of Software as a Service (SaaS) to transportation, environmental and local government agencies in the United States, from Alpine Software Group (ASG).

Celebrating a lasting legacy

Founded in 1993 in Davis, California, EcoInteractive was acquired by ASG in December 2017. ASG appointed Jessie Yu as CEO of EcoInteractive and later built a full management team for the company. Since then, EcoInteractive has completed a major technology upgrade to modernize its entire technology infrastructure and expanded product features to support a broader range of customer profiles and needs. Today, EcoInteractive’s cloud-based SaaS software is used to manage critical infrastructure portfolios in 25 states, serving government agencies across the spectrum from small urban areas to the largest states.

Strategic fit

With the largest network of public agency buyers in North America, mdf commerce is uniquely positioned to integrate EcoInteractive’s SaaS solutions. This acquisition strengthens mdf’s ability to deliver and extend its comprehensive GovTech software products, driving digital efficiencies across public sector operations.

“I am extremely pleased with this acquisition, which has great potential for future growth and synergies between EcoInteractive and mdf commerce,” said Luc Filiatreault, President and CEO of mdf commerce. “The acquisition of EcoInteractive enhances our offering to create significant value for our customers.”

“We are excited to partner with mdf commerce in our next chapter,” said Jessie Yu, CEO of EcoInteractive. “There is a tremendous opportunity to help government agencies implement integrated technology solutions that drive operational improvements and better outcomes for their communities. The complementary product and cultural fit between mdf commerce and EcoInteractive create a strong partnership to accelerate our shared vision.”

“We are proud of the EcoInteractive team and the company they have built over the past six-plus years as part of ASG. Jessie is an incredible operator and a thoughtful, driven leader. She has built a lasting legacy, creating a strong position for both the team and the company as this new chapter begins for the mdf trade,” said Steve Reardon, CEO of ASG.

Advisory support

Software Equity Group (SEG) acted as exclusive advisor to EcoInteractive in this transaction, and William Blair acted as buyer’s advisor to mdf Commerce.

About mdf trade

mdf commerce inc. enables the flow of commerce by providing a broad set of software-as-a-service (SaaS) solutions that optimize and accelerate commerce interactions between buyers and sellers. Our platforms and services empower businesses around the world, allowing them to generate billions of dollars in transactions annually. Our eprocurement, ecommerce and emarketplaces solutions are supported by a strong and dedicated team of approximately 650 employees based in Canada and the United States. For more information, visit us at mdfcommerce.com, follow us on LinkedIn or call 1-877-677-9088.

About EcoInteractive

EcoInteractive provides industry-leading cloud solutions for government agencies managing complex infrastructure planning, environmental regulation, and capital project portfolios. Its ProjectTracker SaaS—a modern, cloud-based software solution designed specifically for transportation planners and capital program managers—supports DOTs, MPOs, and local capital program managers in more than 25 U.S. states. EcoInteractive’s suite of enterprise software solutions helps program owners transform capital planning processes, increase efficiency and collaboration, make better decisions with powerful, integrated data, and deliver better program outcomes.

About ASG

ASG, backed by Alpine Investors, is a unique and rapidly growing software company that buys and builds market-leading vertical SaaS companies. ASG believes deeply in the power of people and data to grow great organizations, and sharing knowledge, experience, and resources across its community of companies drives exponential growth. Founders of leading SaaS companies continue to trust ASG to grow their companies and build an even stronger legacy for the future.

Communication

For media inquiries regarding the mdf trade
Brigitte Guay, Director – Corporate Communications
514 702-9658
[email protected]

For EcoInteractive media inquiries
Jessie Yu, CEO
530 750-1736
[email protected]

Regarding ASG media inquiries
Jordan Niezelski, Edelman Smithfield
860 833-2947
[email protected]