Electronic Transaction Consultants Corporation, a technology solutions provider for the mobility and transportation industries, has been acquired by Align Capital Partners.
The partnership with ACP will help grow ETC's existing portfolio and help the company expand into adjacent markets by leveraging riteSuite™, its highly flexible suite of mobility-focused products. ETC will continue to provide added value to its existing and long-standing customer portfolio while seeking to broaden its customer base. Additionally, ETC will focus on augmenting its existing innovative solutions to extend into markets where Mobility as a Service (MaaS) and Intelligent Transportation System (ITS) systems merge.
As part of this acquisition, ETC will formally change the corporate name from Electronic Transaction Consultants Corporation to Electronic Transaction Consultants, LLC and will be referred to as ETC.
JD Merit & Company an affiliate of CDI Global advised ETC and its shareholders in the sale transaction.