Accruent, a prominent provider of workplace and asset management solutions and a Fortive company, has recently completed the acquisition of RedEye, an engineering document management company based in Australia with expertise in cloud-native solutions. This strategic move aligns with Accruent’s ongoing commitment to delivering distinctive, cloud-enabled solutions aimed at enhancing business productivity.
The addition of RedEye to Accruent’s engineering document management system (EDMS) portfolio, which already includes Meridian, expands the range of options available to customers for storing and accessing their documents. This acquisition reinforces Accruent’s leadership position in the EDMS sector, providing a versatile Software-as-a-Service (SaaS) solution. This solution empowers customers from various industries to securely manage their engineering documents, drawings, and media, irrespective of whether the infrastructure is on-premise or cloud-based.
RedEye’s solution offers several benefits, including the acceleration of drawing discovery through advanced search capabilities that leverage rich metadata, GIS, and QR codes for instant retrieval. It ensures the protection of intellectual property and data with an ISO 27001 compliant solution, and it facilitates seamless integration of documents across business systems through robust API connectivity.
Customers will now have access to regional data hosting hubs, ensuring compliance with privacy and security regulations specific to their business. The offering is particularly well-suited for industries dealing with complex facilities, such as manufacturing, oil and gas, utilities, mining, and pharmaceuticals.
Bill Pollak, President of Accruent, expressed the significance of this acquisition, emphasizing the company’s dedication to delivering industry-leading solutions across its portfolio. The move reflects a continued investment in comprehensive solutions throughout the facility and asset workflow, while also expanding Accruent’s presence in the region. Pollak highlighted the industry-focused, cloud-native nature of RedEye’s solution, coupled with its strong customer satisfaction, aligning seamlessly with Accruent’s investment strategy and long-term objectives.
