TMA Systems acquires Virtual Facility

April – 2025

TMA Systems, a Tulsa based global leader in enterprise asset and computerized maintenance management software (CMMS/EAM), has acquired Virtual Facility, an AI-driven alarm intelligence company headquartered in New York City. The transaction marks TMA’s sixth acquisition since 2021.

Founded in 2018, Virtual Facility’s cloud platform ingests data from disparate building automation, facility monitoring, IoT, and other control systems, applies machine learning to triage and prioritize alarms, and automatically launches work orders inside a customers’ existing CMMS solution. The result is faster resolution to high-risk events on critical assets, a dramatic reduction in nuisance alarms, and significant gains in labor productivity for clients.

Strategic highlights of the Virtual Facility platform:

• Instant AI upgrade for WebTMA® MEX® and EQ2 HEMS® customers – Alarm data from BAS, monitoring, and IoT systems will flow into TMA’s CMMS platforms, enabling better proactive and predictive maintenance recommendations and automated workorder creation.
• Deepens vertical capabilities and extends leadership in both Healthcare and Higher Education – Virtual Facility counts five of the top ten U.S. hospitals and major research universities among its users; and those sectors align well with TMA’s two largest verticals.

We were delighted to work with Mark Prewett, Founder and CEO of Virtual Facility, his team, and investors Camber Creek and Primary VC, as sole sell-side advisors.

This transaction further cements our strong foothold in the wider proptech space, and in North America. It also highlights our strong relationships with VC’s in the industry, who entrust us with their portfolio companies to get the best sale results.

Yossi Black led on this transaction, supported by Michael Damelin.

For more information see here: https://www.tmasystems.com/resources/tma-systems-acquires-virtual-facility