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Acquisition Targets Improved CMMS Software
Accruent, a provider of physical resource management solutions,has announced a definitive agreement to acquire Maintenance Connection, a Computerized Maintenance Management System (CMMS) provider. This agreement accelerates Accruent’s efforts to help customers gain insight and make data-driven decisions for multi-site facility management. Customers will be able to view their physical resource assessments, view data from IoT sensors, trigger maintenance orders and have a full view of their engineering documentation – all from Accruent.
Maintenance Connection’s software helps maintenance teams manage work orders, organize and execute preventative maintenance, predict asset maintenance, and manage enterprise assets and equipment inventory. It is built to handle the needs of complex enterprises with capabilities that include multi-site deployment, IoT sensors and M2M (Machine-to-Machine) data exchange to generate insights into asset management.
It supports large organizations through proven integrations with 25 top ERP systems including Aptean, Infor XA, Microsoft Dynamics, Oracle, SAP and Sage. Maintenance Connection is used by 350,000 maintenance managers worldwide through both cloud-based and on-premises platforms.
“More than fifty-six percent of organizations are still performing reactive, instead of preventative maintenance, and lack the data that they need to drive decisions,” says John Borgerding, CEO of Accruent. “The mission of our customers is often to reduce costs and increase productivity while anticipating and supporting a facility’s goals. That’s why we are expanding our multi-site CMMS offerings to help deliver those efficiencies.”
To enable insights across multiple aspects of physical resource management, Maintenance Connection will integrate with Accruent solutions, including:
- Visibility to physical resource assessments with Kykloud to build long-term capital plans coupled with maintenance data,
- View of engineering information management to increase knowledge for repairs with Meridian, and
- Integration of IoT sensor data and alarms with Verisae into M2M exchanges.
“The combination of Accruent and Maintenance Connection will provide tremendous additional value to maintenance managers,” said Eric Morgan, CEO of Maintenance Connection. “The average customer can save over $3 million with our solution by extending asset life, reducing downtime, improving labor efficiency and lowering inventory expenses. We see tremendous opportunities to integrate our CMMS with Accruent’s capital planning, IoT and engineering information management solutions and creating new services to support our customers.”
The acquired solution set and its planned enhancements will continue serving existing Maintenance Connection customers and will be offered as a complement to Accruent’s existing physical resource management solutions.