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Velocityehs Acquires Contractor Compliance Making It Easier For Companies To Deploy Cutting-Edge Contractor Management Tools

Jan 08, 2024•over 1 year ago

Acquiring Company

VelocityEHS

Acquired Company

Contractor Compliance

ChicagoTorontoSoftwareSoftware Development

Description

VelocityEHS, the global leader in enterprise EHS & ESG software solutions, announced today it has completed the acquisition of Contractor Compliance, a Canadian-based enterprise safety and risk management software solution provider. The deal adds innovative third-party contractor and vendor compliance capabilities to the award-winning VelocityEHS Accelerate Platform.

Company Information

Company

VelocityEHS

Location

Chicago, Illinois, United States

About

Trusted by more than 19,000 customers worldwide, VelocityEHS is the global leader in true SaaS enterprise EHS technology. Through the VelocityEHS Accelerate® Platform, the company helps global enterprises drive operational excellence by delivering best-in-class capabilities for health, safety, environmental compliance, training, operational risk and environmental, social and corporate governance (ESG). The VelocityEHS team includes unparalleled industry expertise, with more certified experts in health, safety, industrial hygiene, ergonomics, sustainability, the environment, AI, and machine learning than any EHS software provider. Recognized by the EHS industry’s top independent analysts as a Leader in the Verdantix 2021 Green Quadrant Analysis—VelocityEHS is committed to industry thought leadership and to accelerating the pace of innovation through its software solutions and vision.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed