VelocityEHS Bolsters Its Environmental Offering by Purchasing e3 Solutions
On Thursday 29 September, VelocityEHS announced its acquisition of environmental management solutions provider, e3 Solutions. The move follows VelocityEHS’s purchase of ergonomics solutions provider, ErgoAdvocate, in February 2016. Founded in 2005, e3 solutions is headquartered in Toronto, Canada. According to its website, e3 Solutions has 10 to 20 customers, in the oil and gas, transport and logistics, and pharmaceuticals industries, including Flint Hills Resources, FedEx and Veolia Water. e3 Solution’s product and technical team will join VelocityEHS’s Canadian headquarters in Toronto. The financial terms of the deal were not disclosed.
VelocityEHS emerged from the 2016 Verdantix EH&S software Green Quadrant benchmark with strong capabilities for chemicals management, incident management and management of change. However there was significant room for improvement across air emissions, GHG emissions, hazardous waste, industrial hygiene, occupational health and water and waste water management.
The acquisition brings on board e3 Solutions applications for air emissions, water quality and waste compliance. VelocityEHS’s plan is to fully integrate the applications and offer them as distinct modules on its platform. In particular the acquisition brings on board a proven calculation engine, extensive library of factors and equation editor to support complex air emissions reporting requirements in the US, including Title V and TRI. e3 Solutions’s application is built on the same technology stack as the VelocityEHS, which should help smooth the transition onto the same platform.
Buying e3 Solutions is a smart move by VelocityEHS. According to 81% of the 301 respondents to Verdantix 2016 EH&S Global Leaders survey, having a platform that covers all EH&S workflows is either a very important or important factor shaping software investment decisions. The acquisition bolsters VelocityEHS’s existing chemicals, incident, ergonomics and safety management capabilities with robust environmental functionality. The deal is just the latest in a flood of deals over the last 18 months, as vendors race to build critical mass in the EH&S, risk management, quality management, and product stewardship software markets.