Fortive

Fortive is a diversified industrial technology firm headquartered in Everett, Washington, established in 2016. The company comprises over 20 industry-leading businesses that focus on providing essential technology solutions across various sectors, including manufacturing, utilities, medical, and electronics. Fortive's portfolio encompasses mission-critical products and services, such as automation components, equipment for industrial automation and robotics, and precision control applications. Notable subsidiaries include Kollmorgen, Thomson, Portescap, and Jacobs Vehicle Systems. In 2023, Fortive generated approximately $6.1 billion in revenue, reflecting its commitment to making the world stronger, safer, and more efficient through innovative technology.

Raj Ratnakar

Vice President of Strategic Development

Alan Spoon

Chairman of the Board

16 past transactions

Glue

Pre Seed Round in 2025
Glue is a software framework that aims to automate the hardware testing process.

Datamaran

Series B in 2022
Datamaran is a sophisticated business intelligence platform that specializes in tracking environmental, social, and governance (ESG) issues critical to businesses. Founded by Marjella Alma, JP Lecourt, and Jérôme Basdevant, the company developed an advanced AI tool designed to efficiently analyze large unstructured data sets from the global corporate reporting landscape. This platform automates various processes such as benchmarking, materiality analysis, and risk identification, which were previously manual tasks. By leveraging proprietary artificial intelligence technology, Datamaran enables clients to save time and resources while providing valuable insights into non-financial issues that impact their operations.

RealWear

Series C in 2022
RealWear, Inc. is a provider of hands-free head-mounted tablets designed to facilitate digital transformation for industrial workers. Founded in 2015 and based in Vancouver, Washington, the company specializes in the HMT-1, a ruggedized wearable Android-class tablet that can be worn with an industrial helmet, allowing workers in fields such as energy, manufacturing, and automotive to access real-time information while keeping their hands free. RealWear's solutions enhance safety and productivity by enabling communication and information retrieval in challenging environments. The company has established strategic partnerships with notable firms including Atheer, Cisco, Qualcomm, ABB, and Beeware, and has delivered devices to numerous enterprise customers worldwide, including Shell, Goodyear, and BMW.

ProVation Medical

Acquisition in 2021
ProVation Medical, Inc. is a provider of clinical decision support and procedure documentation solutions designed for health systems, hospitals, and ambulatory surgery centers. Headquartered in Minneapolis, Minnesota, the company offers a suite of software products, including ProVation MD, ProVation MultiCaregiver, ProVation Order Sets, and ProVation Care Plans. These solutions streamline workflows, enhance communication, and improve patient outcomes while maximizing reimbursement and reducing costs. ProVation MD focuses on improving medical records and care coordination, while ProVation MultiCaregiver provides electronic documentation capabilities. Additional offerings like ProVation Apex and ProVation Apex Patient Charting aim to enhance clinical efficiency and eliminate miscommunication in patient charting. ProVation Medical serves a diverse clientele, including physicians, nurses, and healthcare administrators, across multiple countries, including Australia, Canada, and the United Kingdom. The company was founded in 1994 and was previously known as cMore Medical Solutions, Inc. before rebranding in 2002.

ServiceChannel

Acquisition in 2021
ServiceChannel, established in 1999 and based in Pleasanton, California, specializes in a cloud-based platform that streamlines facility maintenance and operations for businesses. It offers a real-time, web-based solution for procuring, managing, and paying for services from commercial service providers, enabling companies to maintain brand equity and drive significant ROI without outsourcing control or investing in new infrastructure.

TeamSense

Acquisition in 2021
TeamSense is a developer of a text-based digital platform aimed at enhancing productivity and engagement among hourly workers. The platform serves as a tool for attendance management and mass messaging, facilitating communication between organizations and their employees. By automating processes that are typically time-consuming and inefficient, TeamSense enables organizations to optimize manual tasks, ultimately boosting overall efficiency.

Genba

Seed Round in 2021
Genba is a software developer focused on enhancing the effectiveness of the frontline industrial workforce. Its mobile platform is designed to assist maintenance teams working in the field by enabling them to capture and document knowledge through voice recognition technology. This feature is tailored to align with a company's specific vocabulary, ensuring that the software is intuitive and relevant to its users. By providing straightforward and reliable tools, Genba aims to improve operational efficiency and streamline communication for industrial workers.

Censis Technologies

Acquisition in 2019
Censis Technologies, Inc. is a developer of surgical instrument tracking and management software solutions based in Franklin, Tennessee. Founded in 1999, the company offers a range of products, including CensiTrac, a leading cloud-based system that tracks surgical instruments at the instrument, procedure, and patient levels, enhancing visibility within the perioperative process. Additionally, Censis Technologies provides LoanerLink, a cloud-based application designed to manage the loaner process, and ScopeTrac, which oversees the entire endoscope reprocessing loop. The company serves both government and acute care facilities, as well as off-site re-processors, focusing on improving surgical asset management and patient safety within the complex healthcare environment. As of 2019, Censis Technologies operates as a subsidiary of Fortive Corporation.

Accruent

Acquisition in 2018
Accruent is a global software company specializing in physical resource management, offering innovative cloud-based solutions that optimize real estate, facilities, and asset management. With over two decades of experience, Accruent has developed an integrated software-as-a-service platform that supports organizations through all stages of capital planning, operations, and IoT-based monitoring. The company's services are designed to maximize the performance of the built environment, helping clients manage physical resources effectively while extending asset lifecycles, ensuring compliance, and minimizing risks. Accruent serves a diverse range of industries and has established a strong presence with over 7,000 customers across 149 countries. Headquartered in Austin, Texas, the company is dedicated to driving efficiency and supporting the missions of organizations worldwide.

Gordian

Acquisition in 2018
Gordian is a provider of innovative products and services designed to enhance procurement and information solutions for organizations. As a pioneer of Job Order Contracting and various construction-procurement systems, Gordian employs leading construction cost estimators and engineers to support its construction data initiatives, notably the RSMeans database, which is recognized as a premier source of construction cost data and services throughout the construction lifecycle. Additionally, through its subsidiary Sightlines, Gordian offers advanced tools for facilities management, including planning, reporting, benchmarking, and analysis. By focusing on efficiency and long-term cost savings, Gordian supports a diverse clientele, including contractors, architects, engineers, and educational institutions, in effectively managing essential functions within the construction process.

Falkonry

Series A in 2018
Falkonry Inc. is an industrial AI software company founded in 2012 and based in Sunnyvale, California. The company specializes in developing machine learning software that enhances condition recognition capabilities by utilizing new data and expert feedback. Falkonry's offerings include the Falkonry LRS, which analyzes multivariate time series data to identify patterns, predict critical events, and explain operational behaviors, as well as the Falkonry Edge Analyzer, a portable engine designed for deploying predictive models on edge devices. The company's AI platform is tailored for the manufacturing and defense sectors, helping clients achieve improvements in production uptime, quality, yield, and safety by uncovering insights from operational data. Falkonry's solutions are compatible with Azure and AWS IIoT platforms and can be deployed on-site, at the edge, or in the cloud, serving a range of Global Fortune 2000 industrial clients.

Advanced Sterilization Products

Acquisition in 2018
Advanced Sterilization Products (ASP) is a global leader in infection prevention, headquartered in Irvine, California. Established in 1986, the company specializes in providing comprehensive solutions to healthcare facilities worldwide. ASP's portfolio includes medical device sterilization systems, high-level disinfection products, automatic endoscope reprocessors, biological indicator systems, and healthcare environmental decontamination systems. Additionally, ASP offers a range of services such as facility planning, technical support, training, and customer services. The company's mission is to elevate the standard of care for patients by continuously advancing infection prevention technologies, protecting patients and healthcare workers from healthcare-associated infections. ASP operates as a subsidiary of Fortive Corporation.

Landauer

Acquisition in 2017
Landauer is a leading provider of radiation safety solutions, specializing in personnel radiation monitoring through its proprietary optically stimulated luminescence (OSL) technology. The company offers a comprehensive range of services, including dosimetry planning, radiation safety consulting, and equipment commissioning, aimed at enhancing public health and safety. Its Luxel full-service program and InLight onsite analysis systems ensure that OSL is accessible for various monitoring needs across healthcare facilities, enterprise systems, and private practices. By focusing on efficiency and cost reduction, Landauer supports its clients in achieving their radiation safety objectives.

Tektronix

Acquisition in 2016
Tektronix, based in Beaverton, Oregon, is a manufacturer with over 60 years of experience in the design of test and measurement equipment. The company provides a diverse range of products, including oscilloscopes, logic and protocol analyzers, digital multimeters, signal generators, spectrum analyzers, and video testing equipment. These tools are essential for engineers, enabling them to develop and implement technological innovations efficiently and accurately. Tektronix is recognized for its industry-leading solutions that support various applications in engineering and technology advancement.

Diagnostic Monitoring Systems

Acquisition in 2009
Diagnostic Monitoring Systems supplies partial discharge monitoring systems, specializing in gas insulated switchgear and power transformers.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.