Medgate Acquires Software Provider regAction
The company said the deal accelerates its environmental market expansion and roadmap for next-generation EHS solutions.
Medgate Inc., a leader in enterprise-grade SaaS-based EHS management solutions, has acquired regAction Inc., a privately held environmental compliance management SaaS provider that has its headquarters in Houston.
Medgate reports that regAction serves clients in heavy asset industries, having deep expertise and clients in chemicals, refining, public utilities, pipelines, terminal operations, exploration and production, oilfield services, and manufacturing.
"Around the world, companies in these industries face a growing array of regulatory challenges, resulting in increased risks and compliance management costs. regAction pioneered the automation of environmental data and compliance management through its scalable, resilient SaaS and mobile solution," according to the company's release, which described the deal as more evidence of Medgate's traction in transforming the EHS market and following a significant strategic investment in Medgate last year led by Norwest Venture Partners.
"We welcome each of regAction's clients and talented employees to the Medgate family," said Mark Wallace, Medgate's CEO, adding that "regAction and Medgate share the belief that EHS enables organizations to create a competitive advantage while supporting environmental responsibility, compliance, and sustainability. Together, we offer the most comprehensive enterprise-grade EHS solution. I'm proud to say that our team – with deep expertise across all aspects of EHS – is unrivaled."
"We are proud to join such a well-respected leader that is defining and delivering the next generation of EHS solutions," added Frank Ivoska, president and CEO of regAction. "Both Medgate and regAction have stellar reputations for innovation and, most importantly, for taking care of their customers. Our clients immediately recognized the benefits of joining forces with Medgate. They are excited to take advantage of Medgate's complementary safety, occupational health, and industrial hygiene solutions."
According to independent research firm Verdantix, environmental compliance management software makes up more than half of the EHS software market. "This deal with regAction is a clear step forward for Medgate as they strive to become among the top providers of environmental compliance and information management software. Medgate is quickly moving to build on its leadership in IH/OH, and regAction's environmental compliance modules will be a good fit," said Rodolphe D'Arjuzon, managing director of Verdantix. "I expect to see Medgate realize more deals to further accelerate its capabilities development. In this market environment, where speed is of the essence, the benefits of Norwest Venture Partners' investment last year are really coming through now."