Asset Systems
Asset Systems Inc., founded in 1987, provides fixed asset tracking software and services—including cloud (Ingenium) and on-premise (AssetWIN) platforms, hardware, and inventory services—to government, Fortune 500, healthcare, education, and nonprofit organizations globally.
- Company typePrivate
- Founded1987
- HeadquartersNaperville, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Asset Systems does
Asset Systems Inc. is a privately held, founder-owned software and services company headquartered in Naperville, Illinois, formed in 1987 to deliver fixed asset tracking solutions. The company targets government agencies, Fortune 500 corporations, healthcare systems, educational institutions, financial institutions, professional services firms, and nonprofits, with stated customers including Boeing, Raytheon Technologies, Lockheed Martin, AT&T, Sony, Cisco, Citi, Wells Fargo, Visa, the US Federal Reserve, the FBI, NASA, the Defense Logistics Agency, GE, GM, Best Buy, Macy's, Ace Hardware, Porsche, McKinsey, Six Flags, the Empire State Building, the University of Minnesota, and The Joint Commission. Distribution is exclusively direct via enterprise field sales and inside sales, with no channel partners, resellers, or marketplace presence.
The product portfolio centers on two software platforms: Ingenium, a web-based cloud asset tracking application hosted on Microsoft Azure with iOS/Android mobile apps, real-time synchronization, audit trails, and a report writer; and AssetWIN Spectrum, an on-premise application built on a relational database (SQL Server or Microsoft Access backend) supporting barcode/RFID scanning via Bluetooth and traditional scanners, over 200 standard reports, an integrated depreciation module, and customizable fields. The platforms are paired with proprietary hardware (custom durable barcode labels and compact Bluetooth scanners) and a service stack that includes the trademarked PrecisIN™ inventory methodology, fixed asset reconciliation, end-to-end turnkey implementations, and outsourced fixed asset accounting with GASB 34 compliance support. No public API or SDK is documented.
Revenue is generated through cloud subscriptions, perpetual on-premise licenses, professional services engagements priced per asset inventoried, managed fixed asset accounting subscriptions starting under $1,000 annually, hardware sales, and fixed-price turnkey projects. Pricing is quote-based and customized to asset count, locations, and complexity; the company offers a 30-day satisfaction guarantee on software purchases. Operating geography is United States and North America, and the company is led by CEO Alden Snyder with no disclosed external funding, parent company, or M&A activity.
Asset Systems firmographics
Firmographics- Name
- Asset Systems
- Legal name
- Asset Systems Inc.
- Website
- https://assetsystems.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Asset Systems Inc., founded in 1987, provides fixed asset tracking software and services—including cloud (Ingenium) and on-premise (AssetWIN) platforms, hardware, and inventory services—to government, Fortune 500, healthcare, education, and nonprofit organizations globally.
- Ownership category
- akta.pro rank
Asset Systems industry classification
Industry- Product category
- Asset Tracking Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Fixed Assets Accounting (Capitalization, Depreciation, Asset Register) (BPAAAGAF)
- akta.pro secondary industries
- Asset & Maintenance Management (EAM/CMMS) Platforms (HDAEAEAM), IT Asset Lifecycle Services (Procure-to-Retire) (BPAEAOAF)
Keywords
Where Asset Systems is headquartered
LocationHeadquarters
- HQ city
- Naperville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Asset Systems business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Supply Chain, Operations
Revenue model
- Software Subscriptions (Cloud): Cloud-based Ingenium platform offered on subscription basis, with tiered pricing based on asset count and complexity of requirements. Includes access to cloud hosting on Microsoft Azure servers, mobile app, and ongoing support.
- On-Premise Software Licenses: AssetWIN software available as one-time perpetual license for on-premise installation. Available in Enterprise (SQL Server backend, unlimited assets) and Business Series (Access backend) versions.
- PrecisIN™ Inventory Services: Professional inventory services using proprietary methodology for conducting fixed asset inventories. Pricing scales based on assets inventoried, not time spent. Includes asset tagging, data conversion, and reconciliation services.
- Fixed Asset Accounting Services: Annual accounting service and depreciation calculation for organizations needing GASB 34 compliance. Pricing starts under $1,000 per year, with services tailored to client requirements including journal entries, depreciation calculations, and year-end close.
- Hardware Sales: Sale of asset tracking tools including custom barcode labels, Bluetooth scanners, traditional portable scanners, and mobile devices. Labels included in software or inventory packages, or available for separate purchase.
- End-to-End Turnkey Solutions: Comprehensive project-based engagements including project scope and needs analysis, database creation, reconciliation, software deployment, procedure review, staff training, and ongoing support. Fixed pricing for predictable cost structure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Solutions starting under $1,000 |
| One time/ perpetual license | Multi-year contract | On-Premise Software Licenses |
| Subscription | Annual | Fixed Asset Accounting Services starting under $1,000/year |
| Unit Pricing | Multi-year contract | PrecisIN™ Inventory Services |
| Other | Monthly | Training and Support |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Asset Systems product offering
Product offeringCore offering
Asset Systems designs, sells, and supports fixed asset tracking software and complementary services. Its core products are the cloud-based Ingenium platform and the on-premise AssetWIN Spectrum application, supported by Bluetooth barcode scanners, custom durable asset labels, and the proprietary PrecisIN™ inventory methodology. The company also delivers professional services including inventory execution, fixed asset reconciliation, end-to-end turnkey implementations, and outsourced fixed asset accounting with GASB 34 compliance.
Product overview
Asset Systems provides a complete fixed asset tracking solution combining software, hardware, and services. The product portfolio centers on two software platforms: Ingenium (cloud-based) and AssetWIN Spectrum (on-premise/desktop), both offering mobile data collection, audit trails, and reporting capabilities. These are complemented by hardware tools (Bluetooth and traditional barcode scanners, custom asset labels) and a suite of inventory/accounting services including PrecisIN™ Inventory Services, Fixed Asset Reconciliation, End-To-End Asset Solutions, and Fixed Asset Accounting Solutions. The company serves government, education, healthcare, financial, corporate, and professional sectors with solutions scaled from small businesses to Fortune 500 enterprises.
Differentiator
Problem solved
Functional benefit
Products and services
- Ingenium Cloud-based fixed asset tracking software accessible via web browser and a mobile app (iOS/Android), providing organization-wide asset management with mobile data collection, audit trails, check-in/check-out, hundreds of standard reports, and built-in report writer. Targets organizations of any size needing real-time asset data synchronization.
- AssetWIN Spectrum
- Asset Tracking Hardware (Scanners and Labels)
- PrecisIN™ Inventory Services
- Fixed Asset Reconciliation
- End-To-End Asset Solutions
- Fixed Asset Accounting Solutions
Quantifiable outcome
- Organizations tracked millions of assets last year using their software
- +3 more outcomes
Companies that use Asset Systems
Customer profileNamed customers24 records
Segments6 records
Ideal customer profiles3 records
Asset Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Asset Systems partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Third-Party Service VendorsminorThird-party service vendors including credit card companies, clearinghouses, and banks provide services such as credit, insurance, and escrow services. These vendors may collect personal information from site visitors and authorized customers. Asset Systems does not control how these third parties use such information.
- Business PartnersminorBusiness partners may receive shared personally identifiable information about authorized customers to fulfill visitor requests or when required by law. Information sharing is limited and opt-out opportunities are available.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
Asset Systems competitors and assessment
Company assessmentDirect peers
- AssetWorks: AssetWorks provides fixed asset tracking and inventory software heavily focused on government, higher education, and K-12 markets — directly overlapping Asset Systems' core verticals, customer profile, and product surface (asset registers, depreciation, audits).
- Asset Panda: Cloud-native, mobile-first fixed asset tracking SaaS used by enterprises and government entities — competes directly with Asset Systems' Ingenium on cloud fixed-asset tracking, though with a more modern UX and self-service onboarding.
- Wasp Barcode Technologies: Wasp offers barcode/RFID hardware plus fixed asset tracking and inventory software targeted at small and mid-market organizations — overlapping Asset Systems' barcode scanner + asset tracking stack and customer pricing tiers.
- Cheqroom (now part of AssetManger / ChekPoint): ChekPoint focuses on asset tracking for K-12 and higher education (technology, furniture, equipment) — a near-direct overlap with Asset Systems' education customer segment and use case.
Broad incumbents
- IBM Maximo Application Suite: IBM's enterprise EAM platform spans asset management, maintenance, and reliability for utilities, manufacturing, government, and transportation — a much broader and better-capitalized incumbent that overlaps in fixed asset and asset lifecycle management.
- Infor EAM: Infor's enterprise asset management suite serves manufacturing, hospitality, public sector, and healthcare — competing for the same Fortune 500 and government accounts as Asset Systems, but as a much broader platform sale.
- ServiceNow IT Asset Management: ServiceNow's ITAM and Integrated Risk Management modules deliver enterprise-grade asset tracking as part of a broader workflow platform — a broad incumbent offering asset functionality that competing platforms may consolidate into.
- Ivanti IT Asset Management: Ivanti provides IT and enterprise asset management capabilities (hardware inventory, software license, configuration) that overlap with Asset Systems' IT-asset tracking use cases across enterprises.
- MRI Software (fixed asset / Asset Management): MRI Software offers fixed asset accounting and lifecycle solutions to commercial and public-sector organizations — competing in the same fixed asset register, depreciation, and audit compliance use case, with broader real-estate and treasury software reach.
Emerging players
- UpKeep: UpKeep is a modern mobile-first CMMS and asset management platform targeting maintenance, manufacturing, and facilities — emerging cloud-native competition in the asset-tracking space that overlaps with parts of Asset Systems' functionality.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Asset Systems social profiles
Digital presenceAsset Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
Asset Systems leadership team
Management profileNumber of profiles
Profiles1 record
Asset Systems funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Asset Systems 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 Asset Systems
What does Asset Systems do?
Asset Systems designs, sells, and supports fixed asset tracking software and complementary services. Its core products are the cloud-based Ingenium platform and the on-premise AssetWIN Spectrum application, supported by Bluetooth barcode scanners, custom durable asset labels, and the proprietary PrecisIN™ inventory methodology. The company also delivers professional services including inventory execution, fixed asset reconciliation, end-to-end turnkey implementations, and outsourced fixed asset accounting with GASB 34 compliance.
Is Asset Systems a public or private company?
Asset Systems is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Asset Systems founded?
Asset Systems was founded in 1987. It employs 1 to 10 people.
Where is Asset Systems based?
Asset Systems is headquartered in Naperville, United States, in the North America region.
How does Asset Systems make money?
Six revenue lines are on record. Software Subscriptions (Cloud) is the primary driver. The others are on-Premise Software Licenses, precisIN™ Inventory Services, fixed Asset Accounting Services, hardware Sales and end-to-End Turnkey Solutions.
Who are Asset Systems's main competitors?
Direct peers on record are AssetWorks, Asset Panda, Wasp Barcode Technologies and Cheqroom (now part of AssetManger / ChekPoint). Broad incumbents are IBM Maximo Application Suite, Infor EAM, ServiceNow IT Asset Management, Ivanti IT Asset Management and MRI Software (fixed asset / Asset Management). UpKeep is listed as an emerging player.
Does Asset Systems have an API?
No public API is recorded for Asset Systems.
What industry is Asset Systems in?
Asset Systems's product category is Asset Tracking Software. Its primary akta.pro industry code is BPAAAGAF, Fixed Assets Accounting (Capitalization, Depreciation, Asset Register), with a secondary code of HDAEAEAM, Asset & Maintenance Management (EAM/CMMS) Platforms. Its NAICS code is 51821 and its SIC code is 7371.