Manage HR Magazine | Wednesday, August 26, 2020
Connectus' systems automate manually-intensive facility oversight and data administration processes, and reduce operating costs and risks, especially in hazardous environments such as refineries, petrochemical plants, mines, manufacturing facilities.
FREMONT, CA: Connectus Global, a leader in real-time location tracking, worker safety, productivity, and process automation solutions for energy, industrial and mining sectors, closed its seed round of financing led by Houston, Texas-based CSL Ventures, the venture capital arm of energy services private equity firm CSL Capital Management.
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With the growing industry requirement for workforce safety assurance and improved efficiency, Connectus Global plans to use the capital to support the rapid market expansion of its suite of digitized workforce management product offerings.
Mike Anderson, the CEO of Connectus, noted, "In the current global environment, enhanced digital connectivity is the key to a stronger industrial recovery. Our digital workforce management tools were created to solve major industry safety challenges that were high priorities before the pandemic and are even more critical to the economic stability in the current environment. The future of industry is connected and we provide holistic solutions that vertically integrate access to essential worker data from site operations and the IT division up to corporate management. CSL Ventures' deep domain knowledge and broad industry network is what initially attracted us towards them. Throughout our interactions, it was obvious that they have a very hands-on approach towards investing and in supporting their portfolio companies and we are truly excited to embark upon this journey with them."
Connectus is harnessing digital technologies for safety enhancement and productivity in the workplace and is allowing the industry by providing a range of products such as advanced Ultra-Wideband real-time location tracking systems, document digitization and electronic permitting for identity, access and certification of data, and business continuity solutions for facilitating safer operations and a streamlined return to work.
With a focus on industrial data security and shareability requirements, the company is also partnering on a project to employ blockchain networks and applications as the underlying infrastructure for its systems.
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