Master Lock Canada, Inc., a wholly-owned subsidiary of Master Lock Company LLC, has completed an agreement to acquire N4 Systems, Inc., the company behind Field ID, a leading provider of safety management software. Field ID will become a new, complementary offering in Master Lock’s Life Safety business.
Field ID’s software-as-a-service product offering gives customers around the world the ability to manage safety more efficiently and effectively with the use of mobile apps and the web. The Field ID solution will complement existing solutions offered by Master Lock’s Life Safety business, such as lockout/tagout locks and accessories for industrial safety.
“Field ID’s comprehensive system for digitizing safety management tasks and information is not only an excellent complement to Master Lock’s current Lock-Out / Tag-Out (LOTO) offering, but also provides an organization broader safety audit and compliance tools,” said Franco Daino, VP/GM, Life Safety at Master Lock Company. “With the acquisition of Field ID, we are well-positioned to execute against our vision of a successful Life Safety program and look forward to offering this solution to institutions and industrial companies around the world.”
Field ID will continue to operate independently from its Toronto headquarters but will leverage Master Lock’s sales and marketing capabilities.
“Modern safety management includes using the latest technology,” said Somen Mondal, Vice President, Sales & Marketing of Field ID. “With the popularity of mobile devices and acceptance of software-as-a-service, we’ve seen tremendous growth here at Field ID. Together with Master Lock, we expect exponential growth in the adoption of Field ID among safety professionals around the world. We are truly looking forward to working with them and providing our customers with an even better experience than they’ve come to know.”
Shaun Ricci, Vice President of Technology and Product, added: “Safety compliance is a very documentation-heavy and challenging process. Completely automating and simplifying safety compliance has always been a very ambitious goal of ours. With Master Lock as a partner, we have truly taken a giant step forward in realizing this goal with many more customers.”