Overview

AssetSmart is a comprehensive CMMS and asset management platform designed for the complete lifecycle tracking of mission-critical equipment. It provides modular 'AM360' workflows that centralize asset records, maintenance, and calibration data. The software is specifically optimized for government contractors and defense industries to maintain rigorous audit-ready compliance with federal property regulations like FAR and DFARS.

Founder story

AssetSmart was founded in 1971 by Phillip Chase, a Naval Officer and Stanford MBA graduate, who sought to innovate equipment cataloging during the early years of computing. As a long-standing family-owned business, it evolved through decades of architectural shifts, from mainframes to mobile and web-based systems, eventually becoming a leader in property management software for major defense contractors.

What it does

• Centralizes global asset tracking and lifecycle management from acquisition to disposition across enterprise and government environments
• Automates complex compliance reporting for federal regulations including FAR, DFARS, NASA NF 1018, and PIEE system uploads
• Integrates maintenance, calibration, and repair workflows with field-service tracking to link service history directly to asset records
• Provides advanced mobile data collection through the TRAXX app, supporting barcode and RFID scanning for real-time inventory verification
• Manages material, spares, and logistics ordering with automated request, procurement, and fulfillment tracking across project-based environments.

Who it's for

• Federal Government Contractors
• Defense and Aerospace Organizations
• Cybersecurity and Research Facilities
• Large-scale Logistics and MRO Operations

Why it works

• Proven COTS architecture significantly reduces total cost of ownership compared to highly customized, proprietary legacy systems
• Strict compliance-first design meets the rigorous auditing and traceability requirements of defense-grade federal property management
• Modular AM360 suites allow organizations to implement only the functionality they need, ensuring a scalable and flexible asset ecosystem
• Strong focus on automation for data normalization and reporting eliminates manual spreadsheet silos and reduces human error in inventory.

Growth strategies

• Leveraging FedRAMP High- authorized AWS GovCloud hosting to capture high-security civilian and defense sector contracts.
• Promoting modular software adoption to expand within existing enterprise accounts by adding specialized logistics and maintenance suites.
• Focusing on industry- specific compliance automation as a key differentiator to displace traditional spreadsheet-based management.
• Continuing to integrate next- gen mobile and AI-ready data collection tools to maintain technological relevance in high-security environments.

Alternatives

• IBM Maximo
• Infor EAM
• UpKeep
• Fiix

Comparison overview

• AssetSmart is highly specialized for federal/defense compliance and government property management, whereas alternatives like IBM Maximo or Fiix are typically broader general-purpose CMMS solutions geared toward commercial manufacturing and facilities maintenance.