Zurich, Oct. 17, 2011 - ABB, the leading power and automation technology group, has been ranked as a global leader in Enterprise Asset Management (EAM) software across significant regions and market sectors, according to a recent research study by ARC Advisory Group, a leading research and advisory firm. The findings are part of ARC’s comprehensive market and technology analysis entitled “Enterprise Asset Management and Field Service Management Solutions Worldwide Outlook”.
Mincom, acquired by ABB in July 2011, was ranked the leading global EAM supplier to the mining and minerals, and electricity transmission and distribution sectors; and ranked second EAM provider to the aerospace and defense sector. Mincom was also named lead EAM provider in Asia and Latin America.
Ventyx, acquired by ABB in June 2010, maintains second position among EAM vendors serving the global electric power generation, refining, and water and wastewater sectors. It has also been rated the second-leading EAM market leader in North America.
With the combined business of Mincom and Ventyx, ABB is now the world’s largest supplier of EAM to the electric power generation market.
Ralph Rio, ARC’s author of the study comments-“Mincom and Ventyx have complementary strengths across many key industries and geographies. The combination of these two impressive vendors has catapulted ABB into a leadership position for EAM solutions across many significant segments.”
“The addition of market-leading solutions from Ventyx and Mincom to our existing offering provides ABB with an unparalleled portfolio of enterprise asset management solutions,” said Jens Birgersson, head of the Network Management business, a part of ABB’s Power Systems division. “These solutions are aimed at enhancing asset health and productivity, and improving the overall business performance of customers.”
As processes that drive mission-critical physical assets become ever more automated, software is becoming a key enabler and an essential management tool in asset-intensive industries. The benefits of real-time information management and enterprise-wide visibility are key differentiators in a highly competitive sector.
EAM solutions facilitate the management of an organization’s fleet of physical assets over their entire lifecycle, from design and production, through commissioning, operations and maintenance, to decommissioning and recycling. Managing these aspects on a company-wide basis reduces downtime, optimizes investment and maintenance costs and extends the operational life of installations, thereby enhancing operational performance and minimizing total cost of ownership.
Founded in 1986, ARC Advisory Group is a recognized thought leader for industrial and supply chain needs, offering market research, advisory services and consulting.
ABB (http://www.abb.com/) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 130,000 people.