Mubasher: IBM has announced its acquisition of Oniqua Holdings in order to support its asset optimisation business and its Maintenance Repair and Operations (MRO).

Under the deal, IBM is planning to merge Oniqua's platform with its in-house MRO system Maximo to give its service offering a "bigger push" into the industrial Internet of things space, it said on Friday.

New York-based IBM did not disclose the value of the transaction.

By combining IBM's Maximo with Oniqua's MRO Inventory Optimisation solution, "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 optimize asset maintenance," commenting Jay Bellissimo, GM of IBM Global Business Services.

Oniqua, which specialises in inventory optimisation software for asset-intensive industries such as mining, oil and gas, transportation, utilities, and manufacturing, has a primary focus on MRO systems, which monitor the operational efficiency of parts and equipment to avoid unplanned downtime.

Source: Mubasher

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