ITI Group Acquires Asset Reliability Technology, AssetMinder

ITI Group is pleased to announce the acquisition of AssetMinder, a provider of IoT condition-based monitoring SaaS solutions for industry. By integrating AssetMinder’s trusted technology, ITI Group expands its ability to deliver actionable insights and measurable value to industrial clients.

AssetMinder provides a turnkey monitoring solution focused on asset reliability. It captures usage and performance data from existing systems through smart sensors that provide advanced insights to unlock data-driven intelligence. The solution helps clients reduce energy and utility costs, track and reduce carbon emissions and monitor and maintain equipment effectiveness via its suite of SaaS solutions. Clients benefit from energy efficiency gains and reduced costs and downtime through the provision of detailed insights.

Dominic Murphy, CEO of ITI Group (pictured left) commented, “As factories continue to modernise and use data to manage and improve productivity and efficiency, the AssetMinder solution compliments our established technology expertise in helping our clients optimise their operations. Being able to support our clients with reliability detail we can deliver predictive maintenance data to optimise efficiency and reduce costly unplanned downtime.”

“Joining ITI Group lets us scale what customers already like about AssetMinder,” said Patrick Nash CEO, AssetMinder (pictured right). “Our predictive maintenance, asset health, energy insights by machine and easy to deploy across a site now come with the depth of a trusted integration partner and full life-cycle support.”

The AssetMinder solution is completely scalable and can be rapidly deployed with minimal disruption on a factory’s most critical assets without the need for complex infrastructure. Wireless sensors feed data into the cloud based AssetMinder analytics platform providing timely alerts to the specific people who need to take action. The ability to rapidly deploy and securely integrate into industrial operations accelerates a customer’s return on investment.

Mark Hardy, Chairman of ITI Group and AssetMinder commented: “I’m delighted we’ve brought these two businesses together.  By combining AssetMinder’s technology with ITI Group’s scale and reach we’re creating a powerful platform that enables more customers to access our broad suit of digitalisation services, at a compelling, low-cost entry point.”