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M&A Deal Summary

VelocityEHS Acquires MyAbilities - Job Analysis & Return-to-Work Management Technology

On March 9, 2022, VelocityEHS acquired software company MyAbilities - Job Analysis & Return-to-Work Management Technology from MyAbilities

Acquisition Highlights
  • This is VelocityEHS’s 3rd transaction in the Software sector.
  • This is VelocityEHS’s 2nd transaction in Canada.
  • This is VelocityEHS’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2022-03-09
Target MyAbilities - Job Analysis & Return-to-Work Management Technology
Sector Software
Buyer(s) VelocityEHS
Sellers(s) MyAbilities
Deal Type Divestiture

Target

MyAbilities - Job Analysis & Return-to-Work Management Technology

Oakville, Ontario, Canada
MyAbilities software solutions include the intellectual properties of JobX, an ActiveEHS physical demands analysis (PDA) application that helps employers match people to tasks, and ClaimX, a return-to-work solution that smooths the critical transition of employees back to their jobs.

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Buyer(S) 1

Buyer

VelocityEHS

Chicago, Illinois, United States
Category Company
Founded 1996
Sector Software
DESCRIPTION

VelocityEHS is a provider of environmental, health and safety (EHS) management software and related content that helps organisations comply with a wide range of laws. Velocity’s business is comprised of two distinct offerings: its chemicals management programme enables safety managers to comply with regulations pertaining to the management of hazardous chemicals in the workplace. VelocityEHS was founded in 1996 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 5
Sector: Software M&A 3 of 4
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 2 of 3
Country: Canada M&A 2 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-12 OneLook Systems

Cork, Ireland

OneLook Systems is a provider of Permit To Work and Contractor Management software that provides facilities, EHS, compliance, engineering and manufacturing leaders with absolute certainty that every worker on site will be safe and compliant. OneLook Systems was founded in 2008 and is based in Cork, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 Contractor Compliance

Toronto, Ontario, Canada

Contractor Compliance is an enterprise safety and risk management software solution provider that simplifies the process for organizations to collect, manage, and requalify third-party contractor/supplier/vendor requirements to ensure that third parties can enhance compliance. Contractor Compliance is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

MyAbilities

Oakville, Ontario, Canada
Category Company
Founded 2017
Sector Information Technology
DESCRIPTION

MyAbilities is a health and safety technology company that offers advanced data analytics and a fully integrated suite of a software platform designed to transform human asset management to prevent injuries and help facilitate return to work post-injury. MyAbilities was founded in 2017 and is based in Oakville, Ontario.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2022 M&A 1 of 1
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