eCompliance Builds Out Its Innovative Mobile Safety Platform With Field ID Acquisition
On April 6th, Toronto-headquartered eCompliance announced it had acquired Field ID from MasterLock, itself a subsidiary of $4.6 billion revenue Fortune Brands. The acquisition creates a software firm with safety, risk and inspection solutions for firms with between 250 and 5,000 employees. The combined entities will create a technology vendor with approximately 70 employees that will continue to be headquartered in Toronto.
The Field ID technology combines cloud-based and mobile app capabilities for equipment inspection and safety compliance management. Functionality covers site and equipment inspection, pre-audit safety compliance checks, inspection checklists, and lock out tag out. The primary business value of the Field ID technology was to save time and cost in achieving equipment-level compliance. This covers usage scenarios such as producing an inventory of equipment by scanning bar codes and RFID tags, automatically applying safety standards to digitized lists of equipment, reporting on site-level equipment compliance, and preparing for an audit. Among its 350 customers, Field ID has been deployed by Alcoa, Franklin Offshore, Goodrich, Montana Rail Link, Oceaneering, Pfizer, PotashCorp, Praxair, Rio Tinto and Tesoro.
The Field ID acquisition by eCompliance innovatively combines mobile-centric safety management with equipment-level safety inspection and analysis. The product strategy aims at bottom-up engagement with workers to facilitate their safety procedures and improve site-level safety. This acquisition fits into the broader trend of digital worker safety technologies such as hazcom beacons, GPS in-vehicle monitoring and smart PPE. By putting digital safety tools into the hands of frontline workers without pushing it through a top-down management system, eCompliance and Field ID tap into changes in the way younger generations expect to use technology to perform their work and stay safe. The commercial focus on mid-market firms or sub-5,000 employee divisions also reflects which customer organizations are ready to adopt these innovative technologies. Over the next 5 years, Verdantix anticipates mobile-centric safety apps which directly sell to end users will achieve higher levels of user growth than enterprise EHS platforms.
To keep track of the ever-evolving EHS technology market attend the Verdantix Summit in Houston from May 15 to 17, which focuses on “Achieving EHS Excellence With Innovative Technologies.”