Finland-based, Elisa Oyj (HEL: ELISA) has made a strategic investment to hold a majority stake in CalcuQuote, a U.S.-based supply chain software provider for the electronics manufacturing services (EMS) industry. The partnership will accelerate CalcuQuote’s mission of digitalizing and optimizing the EMS supply chain by expanding its global sales team and supporting its product roadmap, including further development of quoting and supply chain management software.
“This is a highly strategic investment for Elisa as we continue our rapid growth in EMS industrial software,” said Lasse Nordlund, vice president of industrial software business at Elisa. “CalcuQuote’s established expertise and long-standing customer relationships have given them a strong position in the market, and we look forward to helping expand their product offerings and building their reputation globally. We have a shared vision and Elisa’s Industrial Solutions, like Elisa Smart Factory with AI capabilities, complement CalcuQuote’s existing software well. Our combined strengths give us a unique opportunity to provide superior value for customers and stakeholders.”
Elisa and CalcuQuote are committed to developing their partnership to best serve their customers. CalcuQuote will operate as an independent subsidiary of Elisa, supported by the telecom giant’s resources and expansion capabilities. CalcuQuote employees will remain in their roles, with account managers continuing their support of and dedication to their existing customers.
“We are excited to leverage complementary experiences in our partnership with Elisa to bring the EMS industry smart supply chain solutions,” said Chintan Sutaria, CalcuQuote’s founder and president. “Elisa’s technological and machine learning expertise aligns with our long-term strategy, and with Elisa’s resources, CalcuQuote will be able to reach new customers and deliver an expanded product lineup. As we scale, we remain committed to providing best-in-class customer service.”
Alongside its investment in CalcuQuote and the advancement of industrial software, Elisa will continue to execute its overarching growth strategy in international digital services.
To learn more, please visit: calcuquote.com
About CalcuQuote
CalcuQuote provides quoting and supply chain software for the EMS industry. With a focus on the future, CalcuQuote improves the speed, accuracy and efficiency of the quoting and supply chain process by optimizing operations and implementing sustainable digital solutions. Founded in 2014, CalcuQuote currently serves over 150 EMS companies and is based in Dallas, Texas.
For more information, visit calcuquote.com
About Elisa
Elisa is a pioneer in telecommunications and digital services. They serve approximately 2.8 million consumer, corporate and public administration organization customers. Cooperation with Vodafone and Tele2, among others, enables globally competitive services. Elisa’s shares are listed on the Nasdaq Helsinki. In 2019, our revenue was EUR 1.84 billion euros, and we employed 4,900 people. As a responsible company, our operations are guided by continuous improvement. We will be a carbon neutral company from 2020 onwards.
Further information on elisa.com and Twitter (@ElisaOyj).
