ARMONK, N.Y., June 15, 2018 /PRNewswire/ -- IBM (NYSE:
IBM) today announced it has acquired Oniqua Holdings Pty Ltd., a
global innovator in Maintenance Repair and Operations (MRO)
Inventory Optimization solutions and services focused on mining,
oil & gas, transportation, utilities, manufacturing and other
asset-intensive industries. This acquisition expands IBM's Asset
Optimization Practice, helping clients reduce and optimize MRO
Inventories, predict when critical parts and equipment might fail
so proactive actions can be taken to avoid unplanned
downtime.
According to Aberdeen Group, 50 percent1 of annual
unscheduled asset downtime can be attributed to the lack of spare
parts and stock outs. This unscheduled downtime can be reduced
simply by monitoring and analyzing data from across a business and
using the insights to better prepare by ensuring the right spare
parts and material are available when needed.
Today, Oniqua's solution is being used by the world's leading
companies, providing a single view of the truth for MRO spares
inventory. Now through the acquisition of Oniqua, IBM is growing
its asset optimization business with new capabilities that provide
one data source around all company assets to ensure 24/7
operational efficiency. Oniqua, combined with other IBM solutions
such as Maximo and Tririga, will provide consistency and data
accessibility across the business with a central source of trusted
information. As a result, asset-intensive businesses will not only
be able to monitor and manage their assets for predictive and
proactive maintenance, but also have the assurance that all
critical parts are available when they are needed, minimizing
operational downtime.
"Clients are moving from legacy, on-premise offerings to new
cloud-based predictive analytics and prescriptive maintenance
offerings. But without instant access to the right data, they are
still susceptible to critical equipment breakdowns that can cripple
their businesses," said Jay
Bellissimo, General Manager, Cognitive Process
Transformation, IBM Global Business Services. "By combining the
world's leading asset optimization solution Maximo with the leading
MRO Inventory Optimization solution from Oniqua, we will offer a
next generation 'solutions as-a-service' that let businesses easily
connect with the data they need so they can forecast equipment
failures, optimize spare parts, reduce unplanned downtime and
optimize asset maintenance."
Headquartered in Denver, U.S.,
with offices in Brisbane,
Australia, Oniqua currently serves more than 50 of the
world's leading companies. As part of the
acquisition, IBM Services will acquire from Oniqua a
team of professionals with key skills in MRO inventory
optimization, data engineering, data science, and predictive and
prescriptive analytics.
"Bloated MRO spares inventories, surplus and obsolete parts on
the shelf, an endless spend on inventory reduction projects and the
negative impact a lack of inventory optimization has on unplanned
production downtime. As a result, CEOs and CFOs of leading
asset-intensive companies are paying more attention than ever to
growing spare parts inventory balances, oftentimes totalling
billions of dollars. Oniqua's solution with IBM's Asset
Optimization offerings provides the market with an industry leading
platform not offered by any other software company focused on the
digital industrial revolution," said Joe
Berti, CEO of Oniqua.
Financial terms and conditions were not released.
1. The Importance of Inventory Optimization in MRO, July 2015, Aberdeen Group.
Contact:
Jeannine Kilbride
1-860-9976277
jkilbri@us.ibm.com
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SOURCE IBM