In 2023, Inflexion supported the merger of Norway-based EcoOnline with the software division of Alcumus creating a new leader in environmental, health and safety (EHS) software.

  • Sector


  • Headquarters

    Tønsberg, Norway

  • Fund

    Partnership Capital

  • Investment date

    December 2022

  • Status


The company

EcoOnline is a Norway-based EHS SaaS market leader in Europe founded in 2000. The business develops software for creating safer and sustainable workplaces while ensuring compliance and environmental sustainability. In addition to its strong position in the Nordics, EcoOnline has a large presence in the UK, Ireland, and the US. 

The Inflexion difference

Inflexion held a majority shareholding in technology-led risk management and compliance solutions specialist Alcumus between 2015 and 2022. During that time, Inflexion supported the business to complete six strategic acquisitions and expand internationally whilst scaling the platform and strengthening its ESG offering. In 2022 Inflexion sold its investment in Alcumus to funds advised by Apax and subsequently reinvested to continue to support the company’s growth journey.

As a minority investor, Inflexion is using its significant software sector experience to support EcoOnline to expand into new markets and strengthen its position as a global EHS software leader.

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