Velocityehs Acquires Job Analysis & Return-To-Work Management Technology Solutions From Myabilities

Mar 09, 2022•over 3 years ago

Acquiring Company

VelocityEHS

Acquired Company

Job Analysis & Return-to-Work

ChicagoSoftware

Description

VelocityEHS, the global leader in cloud-based environmental, health, safety (EHS) and environmental, social, and corporate governance (ESG) software, announced today it has acquired two software solutions from MyAbilities, a global innovator in smart health technology and workplace safety. The purchase includes the intellectual properties of JobX, an ActiveEHS physical demands analysis (PDA) application that helps employers match people to tasks, and ClaimX, a return-to-work solution that smooths the critical transition of employees back to their jobs. The two products will be integrated into the existing VelocityEHS software platform in a move that strengthens and accelerates the company’s lead in machine learning and artificial intelligence (AI) offerings.

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.

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

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