Industrial Scientific has agreed to acquire SAFER® Systems, which is based in the Los Angeles-area. The acquisition adds SAFER Systems’ capabilities in hazard analysis and risk assessment to Industrial Scientific’s core functionality in connected sensing and predictive analytics.
SAFER Systems focuses on real-time plume modeling and mitigation solutions for the chemical, oil & gas, and transportation industries. Its cloud-based platform integrates gas and meteorological sensor data in real time to provide organizations with the intelligence needed to prepare for, and respond to, incidents. The California company serves customers in 23 countries.
This marks Industrial Scientific’s second deal since June, when it announced a $570 million purchase of Intelex Technologies, which would be one of the top five largest Canadian technology company exits in the last decade.
“Industrial Scientific is making significant investments to provide customers with a more holistic and real-time view of their safety programs,” Industrial Scientific SVP and general manager of digital solutions Raghu Arunachalam said, in a statement. “We are excited by the opportunity to integrate SAFER Systems’ real-time modeling tools with our iNet® platform to enable customers to rapidly respond to incidents.”
Industrial Scientific supports 3,000 iNet® customers and monitors 350,000 devices across 13,000 sites. Established in 1985 and headquartered in Pittsburgh, the company has 800 global employees across 21 countries. Industrial Scientific is also the parent company to Predictive Solutions Corp.