Saint John-based Innovatia Accelerator, which makes software for information management and communication in industrial settings, has been acquired by Swedish automation and remote monitoring giant Hexagon AB for an undisclosed price.
Innovatia is a group of several digital businesses, and several years ago it launched AcceleratorKMS, a SaaS product that allows industrial workers to access information about standardized operating procedures. It helps workers to communicate with their managers, and managers in turn to monitor their workers.
"We are very excited to bring another innovative solution into our operations and maintenance portfolio and accelerate our vision of facilitating autonomy in industrial plant operation," said Hexagon CEO Ola Rollén in a press release.
"AcceleratorKMS has a proven track record with many Fortune 500 companies to address a real business need in digitalising the paper-based ecosystem of operations and maintenance, turnaround/shutdown, and emergency procedures.”
Innovatia, which was founded in 1999, raised $200,000 from the New Brunswick Innovation Foundation’s Startup Investment Fund last year. Its clients include Enbridge, Shell and Irving Oil. In 2015, it spun out its ProcedureFlow unit into a stand-alone company, which closed a $2.9 million round of funding in 2019.
Innovatia’s website says it is hiring for four roles: an enterprise sales engineer, a content strategist, a sales executive and a senior lead writer. Those jobs are posted here.