The £10.5m acquisition of Next Control Systems (Next) by Elektron Technology plc marks another milestone for customers who are seeking smart solutions that manage key aspects of operational and business performance.
Checkit and Next Control Systems to create global leader in real-time operations management
Keith Daley, Executive Chair of Elektron Technology noted how – with the addition of Next – Checkit is strengthening its position to deliver on its vision of Real-Time Operations Management:
"This acquisition significantly enhances the Checkit value proposition in its capabilities, services and demonstration of scale. We look forward to realising the many opportunities offered by the combination of Checkit and Next."
What does each company do?
Checkit, based in Cambridge, UK provides cloud-based services that transform the performance of common low and medium volume operational processes in global industries, moving them from form based systems, spreadsheets and even pen and paper to the Cloud, through a subscription based software-as-a-service (SaaS) model. Its capabilities include:
- Work Management – workflow and checklist building and management for frontline, mobile workers
- Automated Monitoring – wireless sensors to automate human checks using IoT technologies
- Operational Insights – out of the box dashboards that provide management information on performance and trends across organisations
- Value-added consulting and business services (including Compliance Management - from policy design to implementation to monitoring and support when you need it).
Next, based in Fleet, Hampshire, UK has been helping management teams to improve productivity and profitability for over 25 years.
Through its Tutela brand, Next is a leader in high-end service based temperature monitoring for healthcare and life sciences within the UK. In addition through its Next and Axon brands, it provides data-related Building Energy Management System (BEMS) services. Next has a major relationship with a leading UK retailer covering smart building and plant technologies.
Combining product strengths, extending markets, creating opportunities for new propositions
The combined organisation will have product strengths in work management, environmental monitoring, compliance and building and energy management. This will create opportunities to deliver new, compelling propositions in target markets.
How the combination will work
The combined organisation will continue to operate at its existing locations, thereby maintaining high levels of customer service and using mutual strengths to support customers at scale. All contacts and communication channels will remain in place.
Checkit’s smart technology helps businesses of any size to manage people, processes and compliance. Our Real-Time Operations Management Platform is used to power digital food safety systems, to deliver smart compliance services and to easily build tailored solutions that make operations more effective.
With Checkit, managers can define, monitor and analyse routine processes, making sure that the right thing is done in the right place, at the right time by the right person. This is achieved by a unique combination of configuration – not programming – of mobile checklist applications and real-time alerts seamlessly integrated with smart sensors and cloud analytics. The result is improved performance through higher quality, improved productivity and reduced risk.
Checkit has offices in the UK and the USA, with customer including Alton Towers, Center Parcs, Compass Group, the NHS and Sodexo.
For more information on how Checkit can improve business performance please visit www.checkit.net or call us on 01223 941 450
Elektron Technology creates and develops products and services that Connect, Monitor and Control. The operational and financial resources of Bulgin, its established business allow it to invest in Checkit, an early stage high growth business that provides a real-time operations management system. In addition the Group owns a designer of ophthalmic screeners, Elektron Eye Technology.