IBM acquires IoT experts with strong Brisbane presence

IBM acquires IoT experts with strong Brisbane presence

Specialist provider operates across key industrial verticals

IBM has unveiled plans to acquire Oniqua, an Internet of Things (IoT) specialist across industrial sectors with strong presence in Australia.

With expertise in inventory optimisation software for asset-intensive industries, the provider operates within verticals such as mining, oil and gas, transportation, utilities and manufacturing.

Headquartered in Denver, USA, the business is also based in Brisbane, with more than 30 local staff on the books, according to LinkedIn figures.

Terms of the transaction - which at this stage remains for an undisclosed fee - will see Big Blue strength capabilities within the expanding IoT market, chiefly across the vendor’s Asset Optimisation Practice.

Specifically, the practice is designed to help customers reduce and optimise maintenance repair and operations (MRO) inventories, alongside predicting when critical parts and equipment might fail to avoid unplanned downtime.

“Clients are moving from legacy, on-premise offerings to new cloud-based predictive analytics and prescriptive maintenance offerings,” IBM general manager of cognitive process transformation, Jay Bellissimo, said.

“But without instant access to the right data, they are still susceptible to critical equipment breakdowns that can cripple their businesses.

“By combining the world's leading asset optimisation solution Maximo with the leading MRO inventory optimisation 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, optimise spare parts, reduce unplanned downtime and optimise asset maintenance.”

Bellissimo said the tech giant will use the acquisition to grow asset optimisation business capabilities to provide one data source around all company assets, in a bid to drive 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,” Bellissimo explained.

Currently Oniqua currently serves more than 50 of the "world's leading" companies, including Rio Tinto, AGL and Power Water, in addition to Endeavour Energy, Anglo American and Transocean.

As part of the acquisition, IBM Services will acquire from Oniqua a team of professionals with "key skills" in MRO inventory optimisation, 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 optimisation has on unplanned production downtime,” Oniqua CEO, Joe Berti, added.

“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 Optimisation offerings provides the market with an industry leading platform not offered by any other software company focused on the digital industrial revolution.”

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