TMA Systems, a U.S.-based developer of computerized maintenance management systems (CMMS) and enterprise asset management solutions (EAMS) and a portfolio company of Silversmith Capital Partners, has purchased Maxpanda, a cloud-based CMMS software company serving small- to medium-sized businesses.

Founded in 2011 in Winnipeg, Canada, Maxpanda’s software aims to help customers onboard themselves quickly.

“The acquisition of Maxpanda marks a significant milestone for TMA Systems as we continue to expand our reach,” states Mark Simner, CEO of TMA Systems. “With an aging workforce, maintenance management skills gaps, and supply-chain disruptions, businesses both small and large need to embrace predictive maintenance strategies.”