Comply365 grows again with acquisition of Texas company
11 Sep 2024
BELOIT — Comply365, a software development company for the aviation, rail and defense industries, acquired a Texas company that develops job training software.
The combination of Comply365 and Qualtero Limited will create a company making compliance and safety management software and programs with customers in 30 countries on six continents.
Comply365 CEO Tom Samuel said the acquisition “brings together complementary product lines and talent, further bolstering our ability to deliver a unique value proposition to our customers by connecting the dots between operational content management, safety management, training management, and data analytics.”
Comply365 was founded in 2007 in Roscoe and moved to the Ironworks Campus in Beloit in 2012. Before it moved to Beloit, the company began focusing on developing software for airplanes that would allow pilots to access flight manuals on tablets rather than bulky paper folders.
In 2017, San Francisco- based Luminate Capital Partners invested in the company and in 2018 Samuel took over as CEO. In 2020, company management acquired Comply 365 along with New York City-based Liberty Hall Partners.
In January, Liberty Hall partnered with fellow New York City-private equity firm Insight Partners to merge Comply365 with Vistair Limited. Vistair is a United Kingdom company that makes document management programs for commercial airlines. Samuel remains Comply365 CEO and is vice chairman of the board of the combined company.
The Qualtero acquisition, which was announced on Sept. 4, is the first since the merger with Vistair.
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