ECA International secures investment for tech transformation
ECA today announced a multi-million-pound investment from Pelican Capital LLP.
The investment will be used to accelerate the development of the company's software-as-a-service (SaaS) businesses that help companies manage their internationally mobile workforce.
The group – comprising ECA International, Tracker Software Technologies and a minority investment in Global Expat Pay – combine to support global mobility and HR teams across the world.
Together, they enable customers to automate and optimise relocation processes and approval flows, set and benchmark remuneration for their global workforces, navigate the complex tax and immigration rules that come with overseas assignments, business trips and remote working, and bring accuracy and efficiency to global payroll and tax reporting.
With this investment, Pelican is backing the management team to transform its technology, rapidly scale the newer businesses in the group, and integrate the constituent parts to meet the mobility needs of global companies, the company said in a statement.
Andrew Shaw, Group Chief Executive of the ECA International Group, said the partnership with Pelican team has been announced by ECA to support the growth of TST and GEP, and build out its suite of global mobility technology services.
“Pelican’s first-hand experience of being founders themselves, and their heritage in technology businesses, made them a clear favourite to support us in accelerating our mission.”
“With TST and GEP now part of the broader ECA International Group, high inflation in multiple jurisdictions driving increased demand for data, and an ever-greater focus on regulatory compliance, we’re in an enviable position to build the HR-tech business of the future,” added Richard Morrison, Partner at Pelican Capital.
ECA provides services to over 500 companies operating globally and based in more than 70 jurisdictions. As securing talent in the right locations continues to be a challenge and with business travel resuming, the group’s services are increasingly in demand, especially with inflation and remote working becoming more entrenched.