Powerful Combination to Broaden Product Portfolio for Customers and Expand Market Leadership
April 28, 2015 03:00 PM Eastern Daylight Time
CARLSBAD, Calif.—April 28, 2015— Enviance, a leader in cloud-based environmental, health and safety (EH&S) management software, today announced it is acquiring Remedy Interactive. Based in Sausalito, California, Remedy Interactive delivers enterprise-level cloud-based ergonomic and safety management software solutions to global companies across industries, including oil & gas, utilities, manufacturing, and entertainment. Founded in 2001, the Company enables organizations to drive beyond compliance towards healthy and injury-free workplaces. Terms of the transaction were not disclosed.
“Bringing Remedy Interactive into the fold enables Enviance to offer new and existing clients a broader suite of offerings to meet their rapidly evolving health and safety needs,” said David Muse, CEO of Enviance. “By making strategic technology acquisitions such as Remedy Interactive, we will complement our commitment to environmental compliance and operational risk management and rapidly achieve greater market leadership by leveraging new technologies.”
“Remedy Interactive and Enviance share many of the same strengths – a firm commitment to continually enhancing our product platform and customer-centered support,” said Kim Weiss, CEO, Remedy Interactive. “The combination of our two companies will increase our ability to enable organizations and shared customers in the oil & gas, utilities, government/public sector and manufacturing vertical markets to create happier, healthier and more productive workplaces.”
Enviance and Remedy Interactive will combine their portfolio of cloud-based products to offer a complete suite of ergonomic, safety, regulatory compliance, operational and risk management applications to expand market share within the EH&S space. Remedy represents Enviance’s first strategic acquisition and the first step towards the company’s ultimate goal of becoming the leading enterprise EH&S vendor. The acquisition is in line with Enviance’s strategy to pursue growth opportunities that complement the company’s product, technology and services portfolio.
Enviance is a leading provider of cloud-based environmental, health and safety (EH&S) software, leveraging cloud computing technology to deliver its platform online in real-time—anytime, anywhere and enterprise-wide. Enviance’s comprehensive solutions have been developed, tested and proven by serving the world’s leading corporations and government organizations for over a decade. As the world business community faces increasing sustainability challenges, Enviance enables organizations to measure, manage and report their critical EH&S data. Founded in 1999, Enviance is a portfolio company of Battery Ventures. To learn how companies leverage Enviance, visit www.enviance.com
About Remedy Interactive
Remedy Interactive empowers organizations to create healthy, injury-free, productive workplaces and stay compliant. The Company’s intelligent software and analytics save customers time and money so they can focus on serving their customers. Fortune 500 Companies worldwide use Remedy Interactive’s Ergonomics Software and Safety Management Software to enable workflow automation and provide actionable insights. Founded in 2001, Remedy Interactive is headquartered in Sausalito, CA.