SwiftMotion Inc Enters Agreement to be Acquired
SwiftMotion Inc, a leading provider of Ergonomic and safety risk assessment system that help enterprises address the challenge of workplace injuries and safety incidents, is announcing today that it has signed a definitive agreement to be acquired by Nineth Street capital partners. The deal is expected to close by October 2022.
SwiftMotion has successfully performed accurate ergonomic risk assessments across a wide variety of industries such as warehousing, distribution centers, airport transit, automotive and health care facilities. The company's use of full body motion capture systems along with the ability to capture load and force data using insoles have greatly enabled ergonomics practitioners and safety professionals to identify risks and design effective interventions while reducing injury rates. The solution while cost effective addresses the need for large number of enterprises and insurance providers to lower the workers compensation related costs. The product has been in commercial service for over 3 years and has gone through rigorous scientific validation.
Venkat Ramasamy, Co-Founder of SwiftMotion, said, "We are excited about this transaction. This will enable the FUZE product to reach more enterprises while accelerating further development of the product. This also enables us to expand our product offerings and address the need for more insights into workplace injuries and preventive methods using advanced technology."
About SwiftMotion Inc
SwiftMotion Inc designs accurate ergonomic and safety risk assessment tools for enterprises and workers compensation insurance providers. Our full-body motion capture systems along with the ability to capture loads handled in workplaces dramatically simplifies the assessment process and drives effective interventions. Together with cloud-based software suite utilizing machine learning techniques for activity recognition, our technology can provide best in class assessments for reducing MSD injuries in workplaces. SwiftMotion Inc is a privately held US-based start-up. For more information, please visit www.swiftmotion.io
News published on and distributed by:
