ZenaTech Inc. has acquired ESM Software, a Boston-based strategy execution and performance management software provider, as part of an expansion of its enterprise SaaS portfolio.
The acquisition is ZenaTech’s 13th addition to its SaaS portfolio, according to a Monday statement. ESM Software, operating since 1998, supports more than 120,000 users across government, education, healthcare, utilities, energy, financial services and retail sectors in the United States and internationally, including Latin America, Europe, Africa and Australia.
ZenaTech, listed on the NASDAQ under the ticker ZENA and headquartered in Vancouver, British Columbia, specializes in AI drone platforms, Drone as a Service and enterprise SaaS solutions across North America, Europe, the Middle East, Asia and Australia. The company plans to integrate ESM’s capabilities into Zoo Office, its AI-powered enterprise productivity platform currently in beta.
ESM Software’s platform includes four core products: ESM+Strategy for strategic planning and scorecards, ESM+OKRs for quarterly goal management, ESM+Perform for employee performance tracking and ESM+Cyber for cybersecurity and compliance management. The deal follows ZenaTech’s strategy of consolidating niche SaaS assets to bolster its enterprise offerings.
Financial terms of the acquisition were not disclosed. Shaun Passley, ZenaTech’s CEO, said the deal strengthens the company’s enterprise SaaS division and future Zoo Office productivity offerings by adding market presence and customer relationships. Kent Smack, CEO of ESM Software, said the partnership enables ESM to combine its expertise in strategy execution and compliance with ZenaTech’s broader sales and operational resources.
