The Knowledge Base: The Era of Advanced Packaging
Standard of Excellence: Finding and Developing Future Leaders in Manufacturing
Global Sourcing Spotlight: Navigating the Variables of Holiday Schedules in Global Sourcing
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.
Share on:
Suggested Items
Murata to Acquire Sensoride Corporation
12/25/2024 | MurataMurata Manufacturing Co., Ltd. announces that Murata Electronics North America, Inc., a subsidiary of Murata, has entered into an agreement to acquire Sensoride Corporation (hereinafter referred to as 'Sensoride') on December 20, 2024, U.S. time.
Biden-Harris Administration Announces CHIPS Incentives Award with Texas Instruments to Expand U.S. Capacity of Current-Generation and Mature-Node Chips
12/23/2024 | U.S. Department of CommerceThe Biden-Harris Administration announced that the U.S. Department of Commerce awarded Texas Instruments (TI) up to $1.61 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities.
Kitron Signs Contract for Marine IoT Technology
12/23/2024 | KitronKitron has entered into a manufacturing contract with a leading technology company focusing on innovative IoT solutions.
High-Generation Panel Production Expected to Drive OLED Notebook Penetration Rate Past 5% by 2027
12/20/2024 | TrendForceTrendForce's latest OLED Technology and Market Development Report reveals that the penetration rate of OLED displays in notebooks is set to increase to 3% in 2024, driven by large-scale procurement from Chinese laptop brands. While growth in 2025 is expected to be moderate, the anticipated introduction of OLED displays in Apple’s MacBook lineup will mark a significant turning point.
Avnet Insights: Engineers Outline Opportunity for AI
12/19/2024 | AvnetFor the fourth consecutive year, Avnet, Inc. (Nasdaq: AVT) will release its Avnet Insights survey, which has been keeping a pulse on how engineers are responding to the market since 2021. This year’s survey examines technology’s new frontier: Artificial Intelligence, and the promise – and challenges – it presents for product design.