ECI-backed Edenhouse sold to trade

The acquisition is expected to scale Accenture's capabilities in the UK to address accelerated demand for SAP's cloud-based products and services. Edenhouse's team will join Accenture's SAP Business Group in the UK to support the local business, according to a statement.

Previous funding
ECI acquired a minority stake in Edenhouse in January 2017. At the time, the firm was investing from its 10th vehicle, which closed on £500m in September 2014.

Company
Founded in 2008, Edenhouse is an SAP platinum partner, specialising in the sale, implementation, support and hosting of SAP products to medium-sized businesses.

Edenhouse employs more than 250 people. In the year ending on 31 March 2020, the company generated revenues of £41.9m.

People
Edenhouse – Paul Solomon (CEO).
Accenture – John Erik Ellingsen (intelligent platform services).

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• Topics
• Exits
• UK / Ireland
• Technology
• United Kingdom
• Trade sale
• ECI Partners