Story ID: 
Comply365 Acquires ASQS To Boost Safety Management
By: Amy Wilder
Caption: Deal is expected to close by the end of the second quarter
Word Count: 187
Comply365, a software provider for aviation, space, rail, and defense, is acquiring safety and compliance management systems provider Aviation Safety & Quality Solutions (ASQS). Anticipated to close in the second quarter of the year, the acquisition will integrate ASQS’ iQSMS safety management software with Comply365’s existing safety management product, SafetyNet.
In 2023, Wheels Up partnered with Comply365 for document distribution. The company provides services to global aviation brands, including Aer Lingus, Metrojet in Hong Kong, Airnorth in Australia, and Western Global Airlines.
“We are delighted to welcome the ASQS team into the Comply365 family,” said Comply365 CEO Ilia Kostov. “They bring a wealth of talent, specialized knowledge, and complementary product strengths to our organization. This acquisition demonstrates our commitment to invest in safety management, which is central to our mission of delivering an integrated offering across operational content, safety, and training management.”
The acquisition is supported by Comply365’s investors, with Henry Frankievich from Insight Partners noting, “The acquisition of ASQS will enhance Comply365’s position as a key player in the global safety management space.”