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.
Elisa has made a strategic investment to hold a majority stake in CalcuQuote. The investment will enable CalcuQuote to expand globally and accelerate the development of its software offerings in the EMS quoting and supply chain space.
You will receive the same great level of service and industry leading solutions that you’ve come to expect from CalcuQuote. The greatest difference is we have more resources to accelerate innovation for our EMS customers across the world. The support that Elisa brings to CalcuQuote will help us build a more robust and global team, further invest in product development and be even more responsive to the needs of our customers at scale.
Our partners know CalcuQuote for moving the industry forward and that mission becomes even clearer and more committed with the investment from Elisa. We expect to continue working with our partners in the same close and transparent manner to realize mutual benefits and reduce friction in the supply chain.
Chintan Sutaria will be continuing as president of CalcuQuote, and our home base will continue to be in Texas. The current CalcuQuote team will continue in their roles, with some exciting new responsibilities as we scale. We are also adding some new faces to support our growth in Europe. You can meet our growing team HERE.
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, revenue was EUR 1.84 billion euros and the organization employed 4,900 people. Further information on www.elisa.com and Twitter (@ElisaOyj).
This is a highly strategic investment for Elisa as they continue rapid growth in international digital services. Together, the organizations will build upon CalcuQuote’s established expertise and long-standing customer relationships to expand its product offerings and enhance its reputation globally. By leveraging combined strengths, the organizations will continue to deliver superior value and best-in-class services for customers and stakeholders.