TMA Systems Acquires Virtual Facility

Acquisition expands AI driven alarm & proactive maintenance capabilities

Sixth strategic acquisition since 2021 accelerates TMA’s vision for comprehensive asset and maintenance management solutions

TMA Systems, a global leader in enterprise asset and computerized maintenance management software (CMMS/EAM), today announced it has completed the acquisition of Virtual Facility, an AI-driven alarm intelligence company headquartered in New York City. The transaction marks TMA’s sixth acquisition since 2021.

Founded in 2018, Virtual Facility’s cloud platform ingests data from disparate building automation, facility monitoring, IoT, and other control systems, applies machine learning to triage and prioritize alarms, and automatically launches work orders inside a customers’ existing CMMS solution. The result is faster resolution to high-risk events on critical assets, a dramatic reduction in nuisance alarms, and significant gains in labor productivity for clients.

“Our customers want a streamlined solution that dramatically cuts through alarm noise, allowing them to respond to and resolve issues on mission critical assets in real time,” said Mark Simner, CEO of TMA Systems. “Integrating Virtual Facility’s alarm driven insights into our suite of CMMS and EAM products will give maintenance teams clearer visibility into the performance of critical infrastructure and the ability to proactively act on the right issues at the right time.”

“Joining TMA Systems will power the next wave of investment for the Virtual Facility platform,” added Mark Prewett, Co-Founder & CEO of Virtual Facility. “Virtual Facility will remain BAS and CMMS agnostic, and we look forward to building deeper integrations across solutions to truly realize our vision of smarter facility management and our goals to eliminate downtime, control risk, and to stretch every maintenance dollar further.”

Strategic highlights of the Virtual Facility platform:

• Instant AI upgrade for WebTMA® MEX® and EQ2 HEMS® customers – Alarm data from BAS, monitoring, and IoT systems will flow into TMA’s CMMS platforms, enabling better proactive and predictive maintenance recommendations and automated workorder creation.
• Deepens vertical capabilities and extends leadership in both Healthcare and Higher Education – Virtual Facility counts five of the top ten U.S. hospitals and major research universities among its users; and those sectors align well with TMA’s two largest verticals.
• Continued M&A momentum – The deal follows TMA’s acquisitions of EQ2 HEMS, MEX, Prime Technologies, Proteus MMX, and MaxPanda, underscoring its commitment to build the most comprehensive maintenance platforms in the industry.

About TMA Systems

TMA Systems delivers scalable, fully integrated CMMS and EAM solutions that help organizations in healthcare, education, government, and commercial industries optimize maintenance operations, extend asset life, and reduce risk. Headquartered in Tulsa, Oklahoma, TMA serves more than 3,000 clients worldwide and is backed by Silversmith Capital Partners. Learn more at www.tmasystems.com.

About Virtual Facility

Virtual Facility is the leader in alarm data management and intelligence for mission critical facilities. Its SaaS platform applies machine learning to unify and prioritize building alarms, automate work orders, and provide data driven insights that cut downtime and operational risk. Learn more at virtualfacility.ai

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With Virtual Facility, alarm data from BAS, monitoring, and IoT systems will flow into TMA’s CMMS platforms (WebTMA® MEX® and EQ2 HEMS®) enabling better proactive and predictive maintenance recommendations and automated workorder creation for customers.