COINS Strengthens Asset Management Capabilities
COINS has acquired AssetTagz, an innovative provider of asset management software. This acquisition will strengthen COINS asset management capabilities, enhance the COINS Construction Cloud platform and expand the market reach of the AssetTagz solution.
The AssetTagz solution is specifically designed for managing assets across multiple industry sectors, delivering value to a wide spectrum of businesses from small, emerging companies to large, multi-national organisations with complex requirements and business processes.
With the acquisition of AssetTagz and its solutions, COINS gains another important piece of the jigsaw puzzle in the digitisation of end-to-end construction processes. This acquisition furthers COINS core strategy of providing solutions which deliver a real-time, single source of truth to construction companies looking to reduce cost, increase compliance and improve decision making. AssetTagz solutions are already in use by several COINS customers including Byrne Group, Careys, Keltbray, Reach Active and Laing O’Rourke and we look forward to working closely with AssetTagz to expand their footprint in both the COINS customer base and beyond.
Robert Brown, Group CEO, COINS
AssetTagz enables assets to be tracked, traced and located using a powerful combination of RFID (Radio Frequency Identification), NFC (Near Field Communication) and barcodes. A cloud-based central repository of asset information provides an organisation with a single source of truth of its inventory of assets, from hand tools and safety equipment through to heavy plant and tower cranes, thus reducing cost, improving the utilisation and increasing the compliance and auditability of all assets.
We are absolutely delighted that the next phase in AssetTagz’ evolution has been secured. We have partnered with COINS on opportunities for several years, with many customers now successfully using both of our solutions. Becoming a sister company of COINS provides exciting opportunities for our overall growth, most excitingly within the construction sector, whilst retaining our autonomy and agility as an independent asset management solution provider.
Hiten Kantelia, CEO & Co-Founder, AssetTagz
AssetTagz will continue to trade under its current brand as a sister company to COINS, but with closer sales collaboration and technical integration of its solution with COINS Construction Cloud.
COINS provide end-to-end business software to the construction, engineering, home building and service sectors - read more
To find out more about AssetTagz visit www.assettagz.com
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