Acquisition Propels Intelex's Leadership in Compliance Management With ehsAI's Automation Technology Enabled Through Artificial Intelligence and Machine Learning
TORONTO, Nov. 19, 2020, a leading global provider of SaaS-based Environmental, Health, Safety and Quality, a next wave compliance automation technology provider. ehsAI uses Artificial Intelligence (AI) and Machine Learning to help organizations greatly reduce the costs and risks of permitting and compliance management.
With this strategic acquisition of an innovator in the emerging AI regulatory content solution market, Intelex deepens its compliance offerings and further extends its EHSQ leadership position. ehsAI offers a unique AI and Machine Learning-enabled solution on a multilingual platform to address compliance on a global scale. The technology deconstructs, analyzes, interprets, and converts complex EHS regulations, permits, and legal documents into actionable compliance requirements within minutes, rather than days or weeks as with traditional manual processes. Through API integrations with EHS software solutions that trigger automated workflows, these compliance activities and thresholds can be tracked, monitored, and reported on, delivering completely automated compliance.
"We are thrilled to have ehsAI join Intelex," said Justin McElhattan, president of Intelex. "ehsAI augments our compliance management solutions and existing regulatory content partnerships. We look forward to innovating in collaboration with ehsAI to solve real customer pains with applied intelligence and advanced analytics. Whether it be compliance for environmental, health, safety, or quality compliance requirements, the possibilities are limitless."
ehsAI will operate as a Vancouver-based independent business unit and will remain agnostic in its ability to work with any EHS software or EMIS solution to make the revolutionary technology accessible for any organization, not just Intelex customers. ehsAI's existing customer base spans industries including technology, manufacturing, energy, chemical, construction, pharmaceutical and retail. Notable customers and consulting partners include AECOM, APTIM, Jacobs, Mosaic, as well as several top-tier Fortune 500 companies.
"As a woman-led technology company, being acquired by Intelex and gaining access to broader resources and opportunities within their vast ecosystem is a dream come true," said Margery Moore, Chief Executive Officer of ehsAI. "We are excited to have the backing of Intelex to accelerate our founding mission of leveraging AI to transform the way organizations manage regulatory compliance. Intelex shares our vision of using cutting edge technology to minimize compliance risks and getting ehsAI into the hands of compliance professionals that need it now."
The transaction closed on November 18, 2020.
About Intelex Technologies, ULC
Intelex Technologies, ULC is a global leader in environmental, health, safety and quality.
About ehsAI
ehsAI is a next wave compliance technology company that uses artificial intelligence and deep learning to help organizations greatly reduce the costs and risks of permitting and compliance. A woman-led business, ehsAI is committed to integrity, diversity, and innovation in developing disruptive solutions that transform environmental, health and safety and compliance management for business. ehsAI serves the technology, manufacturing, energy, chemical, construction, utility, and retail industries. For more information about ehsAI, please visit https://www.ehsAI.ca.
INTELEX PR CONTACT FOR THIS RELEASE:
Contact:Roula Vrsic, SVP of Marketing, Intelex
Phone: +1.647.539.9551
Email: roula.vrsic@intelex.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0e4eab8e-0801-4758-9d24-5a08c4298052
