ECI Partners, a prominent mid-market private equity firm, has announced its investment in CMap, a leading provider of professional services automation (PSA) software. This investment marks the full realization of NorthEdge's stake in CMap, which began in 2019. Based in Manchester, CMap has experienced significant growth driven by the increasing global demand for PSA software, particularly within the architecture, engineering, and construction (AEC) and consulting sectors.

The partnership with ECI will enable CMap to enhance its team, expand its market presence, and accelerate its international growth. ECI aims to support CMap in advancing its product offerings to better serve its clients. Dave Graham, CEO of CMap, expressed enthusiasm about the partnership, highlighting ECI's understanding of CMap's values and ambitions. He noted that this collaboration will facilitate further investment in their product and create growth opportunities for employees as the company scales in the UK and the US.

Stephen Roberts, a partner at ECI, shared his admiration for CMap's team and product, emphasizing the company's potential for continued growth in the AEC and consulting sectors. ECI has been tracking CMap for some time and is eager to work together to capitalize on the opportunities ahead.

CMap specializes in streamlining processes for professional services firms, replacing outdated systems with user-friendly, industry-specific software. The company serves over 600 clients globally, helping them save time, increase profitability, and mitigate risks.

ECI Partners is known for its collaborative approach to private equity investment, focusing on aligning with management teams to drive value. With over £2 billion in managed funds, ECI invests in growth businesses valued up to £300 million, either as a majority or minority investor. The firm recently closed its latest fund, ECI 12, at a hard cap of £1 billion, reflecting a 40% increase from its previous fund.

In summary, ECI's investment in CMap is set to bolster the latter's growth trajectory, enhancing its capabilities in the PSA software market while providing strategic support for its expansion efforts.