Point of Rental acquires equipment inspection tool

US-based software specialist Point of Rental Software has acquired Record360.

Founded in 2013 and headquartered in Seattle, Record360 is a rental software inspection app that enables users to document the condition of rental assets at the time of exchange.

The app acts as a third party inspection tool, enabling users to store images and videos of machines for proof of condition in the event of a damage dispute.

To date, it has been involved in more than 23 million inspections in 2,000 locations nationwide and has been used by the likes of Komatsu, Synergy Equipment and L&N Supply Company.

Point of Rental said the acquisition of Record360, which will continue to operate under its own branding, will enable the company to accelerate product development and growth as well as increase its global footprint.

The Record360 offering will also be added to existing inspection software from Point of Rental.

Wayne Harris, CEO, Point of Rental, said, “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.

“We’ll continue to prioritise Record360’s autonomy and increase integration points through the Open API so that any ERP system can fully integrate with Record360.”

Abby Chao, CEO, Record360, said, “Point of Rental aligns with our values of bringing innovative products to market while focusing on responsible long-term growth and customer service.

“Because our products are complementary, Record360 customers will benefit as we discover new features we can build into our product.”