NEW YORK--(BUSINESS WIRE)--Veritas Capital (Veritas), a leading private equity investment firm, today announced that an affiliate of Veritas has acquired Emergency Communications Network (ECN), a national provider of Software as a Service (SaaS) -based unified critical communications, from The Riverside Company. Financial terms of the transaction were not disclosed.
Founded in 1996, ECN provides its customers across the United States and Canada with easy-to-use, reliable and affordable software solutions which facilitate critical communication and collaboration with use cases that save lives, enhance revenue and reduce costs. ECN has over 2,200 customers, including leading organizations in the government, technology, healthcare, utility, aerospace, industrial, manufacturing and financial services sectors.
"ECN is an exceptional business with a long history of providing market-leading critical communications solutions to both government and commercial markets,” said Hugh Evans, a Managing Partner of Veritas. “We are thrilled to be partnering with David DiGiacomo and his high-caliber management team in continuing to provide best-of-breed subscription notification software solutions to state and local government customers and as they work to leverage ECN's proprietary technology and expand further into commercial, federal government, healthcare and other adjacent markets. We look forward to applying our substantial investing and operating experience to support ECN’s talented team and add lasting value to the company."
ECN President David DiGiacomo added, “We are excited to partner with Veritas as we enter this new chapter of growth. Veritas brings deep experience from investing in critical services, a vast network of relationships in both government and commercial markets, and a track record of adding lasting value at its portfolio companies. We are confident that through this partnership, ECN will be well-positioned to continue our significant growth and add functionality to our already reliable, easy-to-use and robust network.”
ECN is a leading national provider in the SaaS-based unified critical communications market. ECN has pioneered high-speed notification services capable of reaching millions of people in minutes through its CodeRED™ solution for government customers and has applied its mission critical capabilities to commercial, healthcare and other end markets. The Company’s cloud-based software solutions provide a seamless and easy-to-deploy exchange of critical information among organizations, their people, devices and external entities with use cases that can save lives, enhance revenue and reduce costs. More information can be found on the company's web site at www.ecnetwork.com.
About Veritas Capital
Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services to government and commercial customers worldwide including those operating in aerospace & defense, healthcare, technology, national security, communications, energy and education. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. For more information on Veritas Capital and its current and past investments, visit www.veritascapital.com.