Ultimo Accelerates Growth in the US Market by Acquiring FSI Software

Ultimo Expands Its Reach in the US with FSI Acquisition

In a significant move, Ultimo, a noted company in the AI-augmented enterprise asset management (EAM) software sector, has announced its acquisition of FSI, a prominent leader in the healthcare technology management domain based in the U.S. This strategic acquisition marks Ultimo's second in the U.S. market and represents its third overall since 2024, underscoring its commitment to long-term growth in this region.

The Significance of FSI

FSI is renowned for its specialized computerized maintenance management system (CMMS), uniquely designed for healthcare service professionals. This platform not only supports hospitals but also caters to healthcare systems and universities, addressing the urgent need for digital transformation and efficient data management. By integrating FSI’s capabilities, Ultimo is poised to leverage robust innovations in asset management, which can directly enhance patient care.

According to Steven Elsham, CEO of Ultimo, the health sector is facing immense pressure to digitize quickly while maintaining compliance in an environment where asset reliability is crucial for patient outcomes. He highlighted that combining FSI's trusted expertise with Ultimo’s advanced EAM capabilities aligns perfectly with their vision of utilizing artificial intelligence to optimize asset management.

Continued Expansion in the U.S.

The acquisition aligns with Ultimo's strategic focus, which has been markedly fruitful since the previous year. In 2024, the company acquired Mainsaver, further solidifying its U.S. footprint. Recent partnerships with notable organizations such as ABS, TwinThread, and Q-mation in 2025 have also been instrumental in broadening Ultimo's customer base, which includes distinguished names like CDF, AC Foods, and Rockfon Chicago.

Zachary Seely, CEO of FSI, expressed optimism about the acquisition, emphasizing the new opportunities that will arise for their customers as Ultimo aims to enhance digital transformation and operational efficiency. He noted that customers will gain access to Ultimo's AI-first roadmap, including its innovative agentic AI framework.

Industry Recognition and Future Implications

Ultimo's relentless push for innovation has garnered it esteemed recognition in the industry. Recently, the company was designated a Leader in the Verdantix Green Quadrant® EAM Software Report, excelling in both market momentum and product capabilities. Additionally, it received the Gartner Peer Insights’ Customers’ Choice award, reflecting strong customer satisfaction through its EAM solutions.

With this acquisition having already closed, Ultimo is set to continue its focus on investing in its newly acquired platform, ensuring the stability and satisfaction of FSI customers while deepening its market leadership within the healthcare sector.

For those interested in learning more about Ultimo and its AI-driven enterprise asset management solutions, additional information can be found on their official website.