The acquisition is designed to fuel Record360’s product development and growth, allowing the team to accelerate the pace of product innovation, increase its global footprint, and continue setting the standard for mobile digital documentation tools, a Point of Rental Software press release said.
“Point of Rental aligns with our values of bringing innovative products to market while focusing on responsible long-term growth and customer service,” said Record360 CEO Abby Chao. “Because our products are complementary, Record360 customers will benefit as we discover new features we can build into our product.”
Record360 will continue to operate as its own business entity, adding inspection software to Point of Rental’s valuable suite of RMS-independent solutions, which also include e-commerce, consumer portal, electronic signature collection and integrated payments.
“We see immense potential in the abilities of Record360 to transform the industry and we’re excited to combine our resources to realize that potential,” said Point of Rental CEO Wayne Harris. “We’ll continue to prioritize Record360’s autonomy and increase integration points through the Open API so that any enterprise resource planning (ERP) system can fully integrate with Record360.”