EQ2
EQ2 develops HEMS, a healthcare-exclusive CMMS for hospitals, serving HTM/Biomed, Facilities, IT, and Supply Chain departments with work order management, asset tracking, compliance reporting, and integrations for cybersecurity, RTLS, and testing; now part of TMA Systems.
- Company typePrivate
- Founded1993
- HeadquartersCharlotte, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What EQ2 does
EQ2 LLC, founded around 1993 and headquartered with offices in Camarillo, CA and Charlotte, NC, develops HEMS (Hospital Equipment Management System), a Computerized Maintenance Management System (CMMS) platform built exclusively for hospitals. The product targets four buying centers within a hospital: Healthcare Technology Management (HTM)/Biomed/Clinical Engineering, Facilities and Support Services, IT, and Supply Chain, supporting work order management, preventive maintenance scheduling, asset lifecycle tracking, regulatory compliance reporting (Joint Commission, CMS, DNV, AEM), key/lock management, and capital planning.
The platform is delivered as a SaaS subscription on Microsoft Azure or as an on-premise perpetual license, and includes the HEMS One web interface, native iOS/Android mobile apps (HEMS Remote, HEMS Request, HEMS Inventory Management), and add-on modules such as FastKey (key/lock management), Project Management, AutoDesk CAD/Revit integration, and configurable dashboards. The system is tightly integrated with third-party platforms in cybersecurity (Ordr, Medigate, Asimily), real-time location (STANLEY Healthcare), and biomedical testing (Fluke Biomedical OneQA). No public API or developer portal is offered.
EQ2 generates revenue through SaaS subscriptions (annual billing), on-premise perpetual licenses (multi-year contracts), and professional services for implementation and training delivered by an in-house team. The company sells exclusively via direct enterprise field sales with a "Request a Demo" motion and supports marketing through industry events, content, and association presence (AAMI, ASHE). In March 2025, EQ2 was acquired by TMA Systems, a global enterprise asset and maintenance management software provider, and continues to operate as a healthcare-focused brand under TMA Systems.
EQ2 firmographics
Firmographics- Name
- EQ2
- Legal name
- EQ2 LLC
- Website
- https://eq2llc.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- EQ2 develops HEMS, a healthcare-exclusive CMMS for hospitals, serving HTM/Biomed, Facilities, IT, and Supply Chain departments with work order management, asset tracking, compliance reporting, and integrations for cybersecurity, RTLS, and testing; now part of TMA Systems.
- Ownership category
- akta.pro rank
EQ2 industry classification
Industry- Product category
- Healthcare CMMS Software
- NAICS
- Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- akta.pro primary industry
- Medical-Grade Device Connectivity & Device Management (MDM) (HLACAFAG)
- akta.pro secondary industry
- Endpoint & Mobile Asset Management (UEM/MDM Asset Controls) (BPAEAOAI)
Keywords
Where EQ2 is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
EQ2 business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- HEMS SaaS Subscription: Cloud-based Software as a Service deployment on secure Microsoft Azure servers, subscription-based pricing model.
- On-premise License: Hospitals can license the HEMS CMMS for use on their own in-house servers, perpetual license model.
- Professional Services: Implementation and training services delivered by in-house team.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | SaaS Subscription (Cloud) |
| One time/ perpetual license | Multi-year contract | On-premise Perpetual License |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
EQ2 product offering
Product offeringCore offering
EQ2 develops and sells HEMS (Hospital Equipment Management System), a healthcare-specific CMMS platform that manages medical and facility asset maintenance, work orders, preventive maintenance, regulatory compliance reporting, and asset lifecycle for hospitals. The HEMS One generation is delivered as a web-based application on Microsoft Azure or as an on-premise license, accompanied by native mobile apps (HEMS Remote, HEMS Request, HEMS Inventory) and complementary offerings including FastKey key-and-lock management software.
Product overview
EQ2 offers a unified HEMS (Hospital Equipment Management System) CMMS platform designed exclusively for hospitals. The core product is HEMS One, the latest generation with a modern web-based interface, which connects multiple applications including work order management, asset tracking, preventive maintenance, reporting, and project management. The platform includes several mobile apps: HEMS Remote for technicians (with offline capability), HEMS Request for clinicians to submit work requests, and HEMS Inventory Management for scanning. Add-on modules include FastKey (key and lock management), Project Management, and AutoDesk App integration. The system is available as SaaS on Microsoft Azure or as on-premise license, with over 30 years of innovation focused entirely on healthcare.
Differentiator
Problem solved
Functional benefit
Brands
- HEMS (Hospital Equipment Management System): Core CMMS product for hospital equipment maintenance and management for HTM/Biomed, Facilities, IT, and Supply Chain departments
- HEMS One
- FastKey
- HEMS Remote
- HEMS Request
Products and services
- HEMS CMMS (Hospital Equipment Management System) Healthcare-specific CMMS platform for hospitals managing medical and facility asset maintenance, work orders, preventive maintenance, regulatory compliance (Joint Commission, CMS, DNV), AEM programs, asset lifecycle, and capital planning. Used by HTM/Biomed, Facilities, IT, Supply Chain, and Environmental Services departments. Available as SaaS subscription on Microsoft Azure or as on-premise perpetual license.
- HEMS One Latest generation of HEMS CMMS with a modern web-based interface that connects the functionality of multiple applications to streamline work, analysis, and planning. Features intuitive dashboards, fast processing, no third-party platform requirement, and runs on Windows, Android, and iOS devices.
- HEMS Mobile Apps (Remote, Request, Inventory Management) Suite of native mobile apps for iOS and Android. HEMS Remote allows technicians to access work orders and perform maintenance tasks in offline mode with sync when reconnected, including barcode scanning, speech-to-text, photo-taking, and color-coded priority indicators. HEMS Request enables clinicians and nurses to submit work requests directly to the HEMS platform via phone. HEMS Inventory Management allows users to scan equipment to verify and adjust inventory.
- FastKey (Key and Lock Management Software)
Quantifiable outcome
- Close a work order with as few as three clicks
- +2 more outcomes
Companies that use EQ2
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
EQ2 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature12 records
EQ2 partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, major and minor.
- Fluke BiomedicalcoreLong-standing integration partnership. The latest integration connects HEMS with Fluke Biomedical's OneQA workflow automation software for HTM professionals. Automates flow of information between CMMS and medical device testing, eliminating manual data entry and improving accuracy.
- OrdrcoreIntegration with Ordr's agentless security platform for all connected devices. First implemented at Dartmouth-Hitchcock Medical Center. Enables HTM teams to proactively secure medical devices from cyber threats and aids in safety recall process.
- STANLEY HealthcaremajorIntegration with STANLEY Healthcare's Real-Time Locating System (RTLS) platform and MobileView software. Combines asset and location information for effective asset management, reducing 'lost equipment' and improving uptime.
- AAMI (Association for the Advancement of Medical Instrumentation)majorEQ2 participates in AAMI CMMS Collaborative focused on standardizing medical device failure codes. Contributed to white paper 'Optimizing the CMMS Failure Code Field' sponsored by AAMI. Collaboration includes five other leading CMMS suppliers.
- TMA SystemscoreTMA Systems, a global leader in enterprise asset and maintenance management software, acquired EQ2 HEMS. This acquisition brings together TMA Systems' enterprise capabilities with EQ2's healthcare-focused HEMS CMMS, positioning the combined entity to transform clinical engineering and facility management in healthcare.
- MedigatemajorCybersecurity integration partnership for medical device security and inventory management.
- AsimilymajorCybersecurity integration partnership for medical device risk management.
- Virtual FacilityminorVirtual Facility provides Facility Alarm Management and Workflow Software. Both companies exhibit together in TMA Systems booth at ASHE 2025.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
EQ2 competitors and assessment
Company assessmentDirect peers
- FM:Systems: Workplace and facilities management software vendor with healthcare customers; competes for the facility maintenance, space, and asset management portion of the HEMS footprint.
- AssetWorks: Enterprise asset management vendor with a dedicated healthcare practice (AiM) used by hospitals and health systems for biomedical and facilities asset management, directly competing with EQ2 in the healthcare CMMS category.
- Nuvolo: Cloud-based EAM and workplace management platform with a strong clinical engineering and connected medical device focus; directly comparable to EQ2's HEMS in serving hospital HTM teams on a modern, mobile, integration-rich stack.
- Connectiv (Accruent): Accruent's healthcare-focused facility and asset management solutions, including Connectiv, serve hospital biomedical, facilities, and real estate teams, overlapping closely with EQ2 HEMS's HTM and facility modules.
- Brightly Software (formerly Dude Solutions): Provides facility and asset management software used by hospitals and health systems for maintenance work orders, asset tracking, and capital planning, overlapping with EQ2's facilities and environmental services modules.
Broad incumbents
- TMA Systems: EQ2's parent company and a global enterprise asset and maintenance management software vendor; offers broader EAM capabilities across industries, with EQ2 HEMS now serving as its healthcare-focused CMMS offering.
- IBM Maximo Application Suite: Large enterprise asset management platform widely used in hospitals for medical equipment maintenance, facilities, and linear assets; competes with EQ2 for enterprise HTM and facility management contracts, often as part of broader IT modernization deals.
- ServiceNow: Enterprise platform increasingly used by health systems for IT, HR, and integrated facility/clinical engineering workflows; an indirect but growing competitor as hospitals consolidate on ServiceNow for cross-departmental work management.
- Infor EAM: Enterprise asset management suite used in hospitals and life sciences for biomedical and facilities maintenance, competing with EQ2 for larger, multi-site health system deployments.
Emerging players
- Ordr: IoMT/connected device security platform that integrates with EQ2 HEMS for medical device cybersecurity; could expand into adjacent asset management workflows and partially overlap with EQ2's cybersecurity-driven value proposition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
EQ2 social profiles
Digital presenceEQ2 financial estimates
Financial estimateRevenue estimate
Valuation estimate
EQ2 leadership team
Management profileNumber of profiles
Profiles3 records
EQ2 funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EQ2 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EQ2
What does EQ2 do?
EQ2 develops and sells HEMS (Hospital Equipment Management System), a healthcare-specific CMMS platform that manages medical and facility asset maintenance, work orders, preventive maintenance, regulatory compliance reporting, and asset lifecycle for hospitals. The HEMS One generation is delivered as a web-based application on Microsoft Azure or as an on-premise license, accompanied by native mobile apps (HEMS Remote, HEMS Request, HEMS Inventory) and complementary offerings including FastKey key-and-lock management software.
Is EQ2 a public or private company?
EQ2 is a private company. It is classified as corporate owned and is currently operating.
When was EQ2 founded?
EQ2 was founded in 1993. It employs 11 to 50 people.
Where is EQ2 based?
EQ2 is headquartered in Charlotte, United States, in the North America region.
How does EQ2 make money?
Three revenue lines are on record. HEMS SaaS Subscription is the primary driver. The others are on-premise License and professional Services.
Who are EQ2's main competitors?
Direct peers on record are FM:Systems, AssetWorks, Nuvolo, Connectiv (Accruent) and Brightly Software (formerly Dude Solutions). Broad incumbents are TMA Systems, IBM Maximo Application Suite, ServiceNow and Infor EAM. Ordr is listed as an emerging player.
Does EQ2 have an API?
No public API is recorded for EQ2.
What industry is EQ2 in?
EQ2's product category is Healthcare CMMS Software. Its primary akta.pro industry code is HLACAFAG, Medical-Grade Device Connectivity & Device Management (MDM), with a secondary code of BPAEAOAI, Endpoint & Mobile Asset Management (UEM/MDM Asset Controls). Its NAICS code is 541511.