Comply365 to Acquire ASQS, Expanding Safety Management Capabilities
- Editor
- Jan 27
- 1 min read
What's Happening: Comply365, a provider of operational content, safety and training management solutions, has announced a definitive agreement to acquire Aviation Safety & Quality Solutions (ASQS), a global provider of safety and compliance management systems. This acquisition aims to enhance Comply365's product capabilities in safety management and expand its global customer base.
The Key Moves:
Comply365 is acquiring ASQS to strengthen its safety management offerings.
The acquisition will integrate ASQS's iQSMS solution with Comply365's existing SafetyNet product.
The deal is expected to close in Q2 2025, subject to regulatory approvals.
By The Numbers :
Comply365 is backed by Insight Partners and Liberty Hall Capital Partners.
ASQS has offices in Vienna, Bangkok, and Calgary.
Insight Partners has over $90B in regulatory assets under management as of September 30, 2024.
Key Quotes:
Ilia Kostov, CEO of Comply365: 'This acquisition demonstrates our commitment to invest in safety management, a central component of our value proposition.'
Günther Schindl, CEO of ASQS: 'The acquisition of ASQS by Comply365 is a significant milestone in ASQS's journey and will allow us to better serve our customers.'
James Black, Partner at Liberty Hall: 'The addition of the iQSMS solution directly complements our existing product portfolio and demonstrates our steadfast commitment to creating a best-in-class, integrated offering.'
The Bottom Line: Comply365's acquisition of ASQS marks a significant step in creating a comprehensive, integrated offering for operational content, safety, and training management in the aviation, rail, defense, and space industries. This move is expected to enhance Comply365's position in the global safety management market and deliver greater value to its customers.
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