Accruent acquires Connectiv to improve med device control

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Accruent has acquired Connectiv, a cloud-based mobile-enabled software company that enables biomedical and clinical engineering groups to manage and control all aspects of their medical devices and equipment.

Accruent is a global software company based in Austin, Texas, that helps organizations manage their physical resources—such as facilities and asset management—with its cloud-based software and services. Connectiv’s asset management solution are intended to address cyber risks facing medical devices.

Details of the acquisition were not released.

The Connectiv acquisition enhances the ability of Accruent to meet the needs of clients in healthcare, medical, and technology fields. This marks Accruent’s seventh company acquisition in the past 24 months to help clients have control and visibility across asset management solutions.

Connectiv software helps healthcare organizations fulfill their mission by mitigating risk, ensuring regulatory compliance and maximizing utilization.

“With 67 percent of medical device manufacturers and 56 percent of healthcare providers believing an attack on their devices is likely to occur within a year, we saw the urgency to provide a solution for managing biomedical assets,” said John Borgerding, CEO of Accruent. “We are acquiring Connectiv because their software, co-created with clinical engineers in national healthcare organizations, enables management of medical devices across the lifecycle, including automatic security monitoring that identifies threats in minutes. Connectiv’s biomedical asset management solution has the feature set and the flexibility to address changing healthcare needs, new technologies and regulatory demands.”

The acquired solution set and its planned enhancements will continue serving existing Connectiv customers, and will be offered as a complement to Accruent’s existing suite of healthcare solutions in asset and maintenance management, lease accounting, and capital planning. The acquisition, effective immediately, includes the continuation of existing Connectiv product development, support and sales resources.

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