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CalcuQuote Receives Investment for Global Growth from Elisa
November 10, 2020 | CalcuQuoteEstimated reading time: 1 minute
Finland-based, Elisa Oyj 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.
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