Acquisition to Expand Rental Inspection Software’s Reach Worldwide
FORT WORTH — Record360, the industry’s leading rental inspection software solution, has been acquired by Point of Rental Software, the largest company globally in rental management software.
The acquisition is designed to fuel Record360’s product development and growth, allowing the team to accelerate the pace of product innovation, increase its global footprint, and continue setting the standard for mobile digital documentation tools.
“Point of Rental aligns with our values of bringing innovative products to market while focusing on responsible long-term growth and customer service,” said Record360 CEO Abby Chao. “Because our products are complementary, Record360 customers will benefit as we discover new features we can build into our product.”
Record360 will continue to operate as its own business entity, adding inspection software to Point of Rental’s valuable suite of RMS-independent solutions, which also include e-commerce, consumer portal, electronic signature collection, and integrated payments.
“We see immense potential in the abilities of Record360 to transform the industry and we’re excited to combine our resources to realize that potential,” said Point of Rental CEO Wayne Harris. “We’ll continue to prioritize Record360’s autonomy and increase integration points through the Open API so that any ERP system can fully integrate with Record360.”
Leadership from both organizations will talk about the future of the united business at Point of Rental’s pre-ARA Show happy hour in New Orleans on Feb. 18. For those not able to attend, they’ll also host an online webinar to share the vision for Record360 in the weeks after the show.
Founded in 2013, Record360 is used by customers such as Synergy Equipment, L&N Supply Company, and Komatsu to document the condition of assets like construction equipment, trucks, and other rental machinery at the time of exchange. With over 23 million inspections in 2,000 locations nationwide, Record360 acts as an independent third party to store high-quality images and video documentation to hold proof in the event of a damage dispute. For more information about Record360, visit us at https://record360.com/.