Seattle, WA, October 13, 2023 (--) Corum announces that their client, Canada-based Trusty Ox Systems (developers of OK Alone), an employee protection software application business, has been acquired by Private Equity group ECI Partners and their portfolio company, Peoplesafe.
The acquisition comes at an opportune time, coinciding with Peoplesafe’s launch of the market-leading software platform, Nexus – a pioneering new cloud-hosted software platform that enables customers to proactively manage personal safety risk across their business.
“We are excited to support this acquisition. Peoplesafe are on a mission to provide innovative and cost-effective solutions to the personal safety technology market. This transaction will allow Peoplesafe to expand that vision into the North American market and accelerate its strategy,” said William Hill, SVP at Corum Group.
“We’re really excited to be joining forces with Peoplesafe. Ok Alone has seen exceptional growth in the North American markets in recent years, especially through our partnerships with ADP and Geotab. Combining expertise with the leading global provider of employee safety technology makes for an exciting proposition. I look forward to seeing firsthand the many new opportunities for growth and development,” said Barry Larson, Founder/CEO of Trusty Ox Systems.
“Working with William and the team at Corum made our first North American acquisition a smooth process. The team and I look forward to working with Corum again as we continue our US expansion,” stated Naz Dossa, CEO at Peoplesafe.
About Corum Group
Corum Group is the global leader in merger and acquisition services, specializing in serving sellers of software and related technology companies worldwide. With offices globally, Corum has completed over 500 software M&A transactions over the last 37 years. Corum's M&A advisors are highly experienced former tech CEOs, supported by industry-leading researchers, writers and valuators. For more information, visit www.corumgroup.com.
About OK Alone
Ok Alone offers employee safety monitoring and protects your lone workers. Our lone worker app, with man down, automatically reminds staff when they miss a check-in, monitors their location and enables your workers to tell Ok Alone they are going into a high risk situation. Ok Alone is the perfect low-cost lone worker system to ensure workers complete each shift safely. The all in one solution is a simple, safe worker app (which doesn’t require additional clunky hardware) that connects workers with a supervisor who monitors their health and well-being. For more information, visit https://okaloneworker.com.
Peoplesafe is an industry leading UK-based technology business centered around the safety of lone and at-risk workers across both public and private sectors. Protecting over 200,000 employees, our customer base includes more than 100 NHS trusts, 150 local authorities, 200 housing associations and hundreds of commercial organizations in sectors including utilities, facilities management, distribution and care. With over 20 years’ experience, our state-of-the-art technology, pioneering systems and innovative products have helped to shape the lone working and employee safety industries. For more information, visit https://peoplesafe.co.uk.
For more than 30 years, ECI Software Solutions has been providing industry-specific, cloud-based business management software and services to businesses around the world. With divisions focused on manufacturing, wholesale/retail distribution, building and construction, and field service, ECI's solutions integrate into every aspect of a customers' business to help them level the playing field, run day-to-day operations more efficiently, and free them up to focus on what matters most. Privately held with more than 16,000 customers, ECI is headquartered in Fort Worth, Texas, USA, with offices and companies throughout the U.S., Australia, New Zealand, England, and the Netherlands. For more information, visit www.ECISolutions.com.