ScaleUp Group (SUG) is delighted to share the news that its client, Evotix, has been acquired by SAI360, a portfolio company of Symphony Technology Group (STG). The acquisition aligns with both companies’ commitment to strategic growth as global leaders in EHS and sustainability.
SUG helped secure Evotix’s (formerly SHE Software) first investment – Series A raise in 2018 – a significant step on the road to its global success. This fund raise was also backed by 15 SUG Partners who personally invested, indicating SUG’s confidence and long-term commitment to Evotix’s growth.
Under the leadership of CEO Matthew Elson, supported by SUG Partner Martin Fincham as his Chairman, Evotix has gone from strength to strength over the intervening years. Matthew has also been a prominent founding member of SUG’s CEO Forum contributing significant insight and experience to this exclusive peer group of our clients.
Evotix is a global technology company transforming how employees engage in workplace health and safety. Almost 500 customers use its market-leading solution across various industries, including manufacturing, food and drink, construction, retail, utility services, transport and housing.
With complementary markets, geographies and industries between Evotix and SAI360, this acquisition will create an end-to-end, mid-market to global enterprise provider with access to a broad suite of EHS&S product and service solutions.
Matthew Elson CEO of Evotix said “This is a fantastic opportunity for Evotix to team up with the EHS&S business at SAI360. Together we span the whole market – from mid-market to global enterprise and covering all geographies.”
John O’Connell Executive Chairman and Founder of ScaleUp Group commented “Evotix is the second Client of ScaleUp Group – CloudTrade being the first – to have exited within just a short few years of their Series A raises, a testament to how the right funding and advisory partners are a stepping stone to success. Many congratulations to Matthew, Martin and their Team.”