The financial terms of the transaction were not disclosed. In conjunction with the funding, and Ashutosh Agrawal and Jason P. Werlin, managing directors at TA Associates, will join Maintenance Connection’s Board of Directors.
Founded in 1999 and led by Chris Bucher, President, Maintenance Connection provides a web-based CMMS platform designed to manage all aspects of an organization’s asset maintenance operation, with the goal of optimizing asset life and lowering the overall cost of maintenance. Features include work order tracking, asset management, preventative maintenance, service requests, inventory control and reporting. The software can be deployed on-premises, via a software as a service (SaaS) model, or in a hybrid configuration. The company’s mobile application, MC Express, offers remote access and is compatible with a broad range of smart phones and tablets.
Maintenance Connection serves thousands of organizations around the world in a variety of sectors, including education, energy, healthcare, manufacturing, metals and mining, municipal government, recreation and transportation.