Apple Inc. device management company Mosyle Corp. today announced that it has acquired asset management software company Assetbots LLC for an undisclosed price.
Founded in 2021, Assetbots offers asset management software that is designed to simplify the tracking and management of assets across various industries. The company’s platform aims to eliminate common issues such as lost assets, missed maintenance and inventory discrepancies without the need for installation of special hardware.
The Assetbots platform supports tracking a wide range of assets, such as equipment, tools and inventory and offers an interface that allows for quick asset searches, custom field creation and efficient use of keyboard shortcuts. The platform also supports barcode and QR code scanning for rapid check-in and check-out processes, while the system records asset usage and provides detailed maintenance and repair tracking.
Designed for flexibility, Assetbots works on smartphones, tablets and laptops with support for reporting and analytics options that allow users to export data for further analysis in formats such as Excel or CSV. The platform integrates with tools such as Active Directory and Google Workspace, supports offline capabilities and offers role-based access controls.
Post-acquisition, Assetbots will continue as an independent company led by its founder, Chad Burggraf, with Mosyle providing support and access to the resources needed to grow Assetbots into a leading asset management tool for schools and small and medium-sized enterprises.
Mosyle customers will be able to level Assetbots through a two-way syncing capability for devices, users and assignments, saving customers significant configuration and maintenance time. Mosyle customers can also benefit from special commercial advantages when subscribing to Assetbots, making it a more cost-effective solution than competitors’.
Assetbots is not known to have raised any equity venture capital funding coming into the acquisition.
Mosyle, however, is a venture capital-backed startup, having raised $410 million in funding, including a $196 million round in May 2022. Investors include Insight Partners LP, StepStone Group LP, Elephant Partners LP and Album Venture Partners.