ECgroup B.V. (NL) was incorporated in 2003 through the acquisition of the Dutch activities of ECsoft Ltd by Dawud Ventures (NL). After successfully restructuring and repositioning the company in 2004, in 2005 ECgroup B.V. optimized its business model and was prepared for an exit by Dawud Ventures. For Dawud Ventures we sold the company to Axioma Groep (NL, part of the Dutch listed company De Nederlandse Companie N.V.) which was ambitioned to further build up their IT activities in the Netherlands.