Accruent acquires RedEye to create the next-generation engineering document management system

Accruent, a provider of workplace and asset management solutions and Fortive company, is acquiring RedEye, an Australia-based engineering document management company specializing in cloud-native solutions.

According to the company, this acquisition reflects Accruent’s ongoing commitment to providing differentiated, cloud-enabled solutions to drive business productivity.

RedEye's addition to Accruent's engineering document management system (EDMS) portfolio, which includes Meridian, will provide customers with expanded options for storing and accessing their documents.

This acquisition further solidifies Accruent’s leadership in the EDMS space, offering a versatile SaaS solution that enables customers across various industries, whether on-premise or cloud-based, to securely manage their engineering documents, drawings, and media from any device, according to the vendor.

The RedEye solution:

• Expedites drawing discovery with advanced search capabilities, leveraging rich metadata, GIS, and QR codes for instant retrieval;
• Safeguards intellectual property and data in an ISO 27001 compliant solution;
• Provides robust API connectivity to seamlessly integrate documents across business systems.

Customers will have access to regional data hosting hubs designed to ensure compliance with privacy and security regulations applicable to their business.

The offering is tailor-made for operating and maintaining complex facilities across manufacturing, oil and gas, utilities, mining, and pharmaceuticals, according to the vendor.

"This acquisition underscores our commitment to delivering industry-leading solutions across our portfolio, with a continued investment in comprehensive solutions across the facility and asset workflow, while further expanding Accruent's presence in the region,” said Bill Pollak, president of Accruent. “Overall, RedEye’s industry-focused, cloud-native solution, coupled with its strong customer satisfaction, aligns with our investment strategy and long-term objectives."

For more information about this news, visit www.accruent.com.