On August 8, 2014, VelocityEHS acquired Knowledge Management Innovations, LTD (“KMI”) for $11.5 million , subject to working capital adjustments, including a contingent earn-out payment of up to $2.0 million tied to certain performance measures that may become due in 2016. VelocityEHS has estimated the allocation of the purchase price to the acquired tangible and identifiable intangible assets and liabilities based upon their provisional respective fair values at the date of acquisition.
As of August 8, 2014, Knowledge Management Innovations, Ltd. was acquired by MSDSonline Inc. Knowledge Management Innovations, Ltd. provides Web-based software solutions for environment, health, safety, (EHS) and sustainability. It offers Incident Management tool that enables operations-level users to report and investigate various incidents, near misses/hits, and hazards; Audit and Inspection tool that supports various standard practices in EHS; and Management Of Change that enables to evaluate the impact of a change on employee safety and health, and other areas of potential risk. The company also offers Compliance Management System that helps to manage compliance tasks, deadlines, and permit limits; Training Tracking tool that provides a repository for training requirements; Performance Metrics System that defines, assigns, and converts inputs into outputs; Risk Analysis tool that defines, assesses, and controls workplace hazards; Corrective Action, a consistent action creation and assignment tool; and Reporting and Dashboards. In addition, it offers implementation support, ongoing education and shared expertise, training, hosting support, and user support services. The company serves oil and gas, power, mining, manufacturing, biotech, chemicals, and transportation industries worldwide. The company was founded in 1998 and is based in Oakville, Canada with an additional office in Queensland.
As of August 8, 2014, Knowledge Management Innovations, Ltd. was acquired by MSDSonline Inc. Knowledge Management Innovations, Ltd. provides Web-based software solutions for environment, health, safety, (EHS) and sustainability. It offers Incident Management tool that enables operations-level users to report and investigate various incidents, near misses/hits, and hazards; Audit and Inspection tool that supports various standard practices in EHS; and Management Of Change that enables to evaluate the impact of a change on employee safety and health, and other areas of potential risk. The company also offers Compliance Management System that helps to manage compliance tasks, deadlines, and permit limits; Training Tracking tool that provides a repository for training requirements; Performance Metrics System that defines, assigns, and converts inputs into outputs; Risk Analysis tool that defines, assesses, and controls workplace hazards; Corrective Action, a consistent action creation and assignment tool; and Reporting and Dashboards. In addition, it offers implementation support, ongoing education and shared expertise, training, hosting support, and user support services. The company serves oil and gas, power, mining, manufacturing, biotech, chemicals, and transportation industries worldwide. The company was founded in 1998 and is based in Oakville, Canada with an additional office in Queensland.