Comply365 Announces Acquisition of Rolls-Royces SMS Business

Accelerates investment in safety management to create a leading, global all-in-one operational content, safety and training management offering

Comply365, LLC, a leading global provider of operational content, safety and training management solutions for the aviation, rail, defense and space industries, announced it has acquired Rolls-Royce’s SMS business, a global provider of safety and compliance management systems (“SMS”). The acquisition of Rolls-Royce’s SMS business follows the recently announced but pending acquisition of ASQS. These acquisitions represent Comply365’s commitment to investment in safety management and the company’s mission to create a best-in-class, integrated offering to elevate safety and operational performance for its worldwide aviation, rail, defense and space customers. As part of the change in ownership, the Rolls-Royce SMS solution will revert to its former name – AQD. Comply365 is a portfolio company of Insight Partners and Liberty Hall Capital Partners (“Liberty Hall“).

This acquisition of AQD will further strengthen Comply365’s product capabilities and service offering in safety management and add a significant number of leading aviation customers to its global customer base.

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The AQD team will bring deep industry knowledge and a sophisticated SMS offering to complement Comply365’s existing SMS product, SafetyNet and ASQS’s SMS product, iQSMS. The combination of three best-in-class SMS offerings and additional domain expertise further positions Comply365 as a trusted player in the safety management space.

Ilia Kostov, CEO of Comply365, said: “We are delighted to add the expertise and extensive aviation experience of the AQD team which further bolsters Comply365’s offering in the safety management space. The acquisition of AQD, along with our recently announced acquisition of ASQS, reinforces our commitment to driving investment and innovation in safety management. These acquisitions strengthen our vision for creating a best-in-class, integrated offering that connects the essential functions of operational content management, safety management and training management.”

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Henry Frankievich, Managing Director at Insight Partners, said: “The acquisition of AQD further strengthens Comply365’s position as a leading force in the global safety management sector. This transaction will help accelerate the execution of Comply365’s strategy to provide greater value through a unified offering for its extensive global customer base.” James Black, Partner at Liberty Hall Capital Partners added: “Building on Comply365’s existing strengths in safety management, the acquisitions of ASQS and AQD represent significant milestones in the company’s next phase of growth. We are thrilled to support Comply365’s continued organic and inorganic investment in safety management which aligns with the company’s broader vision of delivering a comprehensive offering focused on connecting the mission-critical functions of safety, training and operational performance.”

Pez Kooner, Senior Vice President at Rolls-Royce said: “As part of our ongoing transformation, Rolls-Royce has made the decision to exit our SMS business and complete a share sale with Comply365. I’d like to thank the Rolls-Royce SMS team for their hard work and dedication to our customers. I know this level of professionalism will continue under the new management and I wish the team all the success at Comply365.”

Legal advice to Comply365 was provided by Willkie Farr & Gallagher LLP. Rolls-Royce was advised by their in-house legal counsel, supported by DLA Piper in New Zealand.

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Source – PR Newswire

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