CLOSED TRANSACTION · JUNE 2026
Ecologic joins Everfield
On 30 June 2026 the sale of Ecologic, a Warsaw-based fleet-management and telematics SaaS company, to Everfield, a fund of Aquiline Capital Partners (ACP), was announced. Vision East Advisory acted as exclusive transaction and financial advisor to the owners, running the process from the first conversation to close.
Announced: 30 June 2026 · Page updated: 2026-07-22 · Deal terms: not disclosed
What the buyer underwrote
30,000+
vehicles under management
300+
corporate customers on the platform
up to 84%
fewer accidents among platform customers
up to 1.1 l
less fuel per 100 km
13
years of owned-product build before the sale
Public sources: Everfield announcement, Warsaw Business Journal, ecologic.io.
Vision East · Case story
Exclusive transaction and financial advisor to the owners of Ecologic
THE COMPANY
A founder-built vertical SaaS
Ecologic (NETMART SYSTEM Sp. z o.o.) is a Warsaw-based technology company that develops fleet-management and telematics software under the ecologic.io brand, built capital-efficiently over many years around a single niche. That profile - an owned product, recurring revenue and a defensible position in the vertical - is exactly what draws European software acquirers to Poland today.
The difference between a product and a project shows in the accounts before anyone opens the code. A product earns revenue that returns every month without a new sale, keeps customers for years, and holds a margin that does not track headcount. A project has a pipeline. Software acquirers pay for the first of those.
The founders stay with the company and continue to grow it. Everfield leaves its companies operationally independent, so customers and the team keep the people they already work with.
THE BUYER
Everfield: American fund, European software companies
Everfield is a fund of New York-based Aquiline Capital Partners (ACP) that buys and grows European vertical-market software companies and leaves them operationally independent. Ecologic is the fund's third investment in Poland, after Grafik Optymalny (2023) and Atmoterm (2023).
The model decides what happens after signing. A consolidator that centralises functions needs the team mainly for a handover. A buyer that leaves the company operationally independent needs the founders inside it and prices for them to stay. Those are two different conversations about value and two different sets of documents. Founders read that difference before they read a price, so the acquirer who explains its model first is the one who gets a second call.
The practical read is that this profile is not scarce but unlisted. Founder-owned Polish vertical software files statutory accounts, sells into named corporates and can be reached directly. What it does not do is turn up in a process you can simply wait for.
The transaction was covered by Warsaw Business Journal, among others.
HOW WE RAN IT
Sell-side execution: exclusive advisor to the owners
Exclusive transaction and financial advisor to Ecologic and its shareholders on the sell-side. VEA ran the process end to end: shaping the equity story, running the buyer process, defending the company's numbers in diligence, and steering negotiation through to signing and close.
None of the four moves is a document. Each is a decision taken before the first buyer conversation, and each is what a buyer's advisors test later: how recurring revenue was defined, how retention was counted, and whether the answer given in week two still holds in week twelve.
The order matters as much as the content. The equity story decides who is invited into the process. The competitive tension decides what is negotiated. The defended methodology decides whether the headline price survives diligence. The negotiation and the closing mechanics decide how much of it actually moves.
THE FOUNDER'S WORDS
Współpraca przez te kilka ostatnich miesięcy to pełen profesjonalizm z Waszej strony. Nie wyobrażam sobie przejścia przez cały proces bez takiego teamu jak Wasz!English translation: “Working together over these past few months has been pure professionalism on your side. I cannot imagine going through the whole process without a team like yours.”
WHAT THIS MEANS FOR A BUYER
Off-market origination, executed to close
For a buy-side client it means access to off-market, founder-owned Polish vertical-SaaS assets and a partner that can run a discreet, competitive cross-border process to an international buyer and execute it to close.
Concretely: the company was founder-owned and not running a public process, the buyer was cross-border, and the timetable held to a public announcement on 30 June 2026. Those three together are what a buy-side mandate in Poland has to produce.
If you are testing advisors for a Polish mandate, the useful question is not how many deals they have closed. It is whether they can name the owner of a target, say when its accounts were last filed with the KRS registry, and explain why that owner would take the call at all. Those three answers take an hour to check and they are the whole difference between origination and a recycled list.
Acquiring, or building toward an exit?
If you are a buyer looking for off-market Polish software assets, or a founder wondering what a process like this would look like for your company, let us talk. The same partner who ran the Ecologic sale takes the call.
Sellers and buyers get different first calls. A buyer leaves with a view on what the Polish vertical-software universe actually contains and what it costs to reach it off market. A founder leaves with a view on whether a process now makes sense at all.