The acquisition combines healthcare-focused CMMS capabilities with AI-augmented enterprise asset management tools.
Ultimo, an AI-augmented enterprise asset management (EAM) software company, announced it has acquired FSI, a provider of healthcare technology management software.
FSI has a computerized maintenance management system platform purpose-built for healthcare service professionals. Its solutions span digital transformation, data management, and in-person asset discovery, serving over 100,000 across hospitals, healthcare systems, and universities.
“Hospitals and healthcare operators are under pressure to digitize fast, stay compliant, and drive down risk in environments where asset performance directly impacts patient care,” says Steven Elsham, CEO of Ultimo, in a release. “By bringing FSI’s trusted capabilities together with Ultimo’s EAM capabilities and AI-first vision, we’re delivering a suite of solutions and intelligence customers need to take control of their assets, reduce operational friction, and drive measurable impact.”
The acquisition builds on Ultimo’s experience in healthcare asset management in the Netherlands and Belgium and unlocks a deeper presence in the US’s asset-intensive industries, according to a release from the company, which notes that Ultimo “will continue the investment to drive market leadership for FSI, with a focus on providing stability for FSI customers.”
“This is an exciting new chapter for FSI and its customers as we accelerate investment in solutions that equip customers to tackle regulatory complexity, drive operational efficiency, and accelerate digital transformation,” says Zachary Seely, CEO of FSI, in a release. “Our customers will have the opportunity to access Ultimo’s AI-first roadmap, including its agentic AI framework.”
This acquisition follows Ultimo’s 2024 acquisition of Mainsaver and new strategic partnerships with ABS, TwinThread, and Q-mation in 2025.
ID 714165 | Acquisition © Starfotograf | Dreamstime.com
