Medgate Inc., a provider of enterprise-grade, SaaS-based Environmental, Health, and Safety (EHS) management solutions, has acquired regAction, Inc., a Houston, Texas based environmental compliance management SaaS provider. Finnacial terms were not disclosed.
regAction serves clients in heavy asset industries with an impressive roster of clients in chemicals, refining, public utilities, pipelines, terminal operations, exploration and production, oilfield services, and manufacturing.
“We welcome each of regAction’s clients and talented employees to the Medgate family,” said Mark Wallace, Medgate’s CEO. ”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 unrivalled.”
“We are proud to join such a well-respected leader that is defining and delivering the next generation of EHS solutions,” said Frank Ivoska, President and CEO, 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.”
regAction was founded in 1997 as a spin-off of the Central US offices of ICF Kaiser Engineering. The regAction leadership team has been in place since the founding.
On March 23, 2016, Toronto based Medgate announced a large strategic investment led by the growth equity team at Norwest Venture Partners (NVP). Norwest was joined by Georgian Partners and BMO Financial Group. Financial terms were not disclosed at the time. Medgate deal was valued at $150 million, according to CVCA’s 2016 top 10 deal list released on January 16, 2017.
photo credit: regAction