Cloud-based business management solutions provider ECI Software Solutions has settled its lawsuit against Prosperity Computer Solutions and, in connection with the settlement, has agreed to acquire all the assets of the company. Prosperity Computer Solutions is a software company serving the LBM and hardlines industry. After the acquisition closes, Prosperity will become part of ECI’s LBMH Group.
ECI’s suite of solutions for the LBMH industry equips lumber and hardware retailers with business management software to sustainably grow their businesses. It includes industry-specific portable operating systems (POS) and ERP systems that bring business functions together in a single cloud-based software to improve efficiency and increase profitability, according to ECI.
“ECI has a longstanding commitment to the LBMH industry, providing solutions that have moved businesses forward since 1985,” Ron Books, CEO of ECI Software Solutions, said in a news release. “We’re excited to welcome Prosperity’s customers as we chart our course forward.”
Prosperity was founded in 2016 by Wade Frazier and several former ECI employees and staff. The team developed an on-premise software solution known as “ProsperityERP” that was custom-built for the LBM and hardlines vertical market.
“With the ever changing demands on independent software vendors, we feel that our customer base will be uniquely positioned for long-term sustainable growth as part of the ECI family,” Frazier, president of Prosperity, said. “We are confident this is the best outcome for all parties involved, most importantly the Prosperity customers now joining ECI.”
