BEDFORD, MA, DEC 15, 2017 -- Aspen Technology, Inc. has announced that Texas-based PinnacleART, provider of best-in-class reliability management programs, is now an official Implementation Service Provider (ISP) for the aspenONE® Asset Performance Management (APM) software suite. PinnacleART will utilize aspenONE APM solutions to measure, optimize and maximize asset uptime for its oil and gas, specialty chemical and wastewater customers.
"PinnacleART's reliability-focused asset management programs and tools deliver turnkey, sustainable processes and systems focused on universal business imperatives such as risk management, asset utilization, cost optimization, and maximum asset life-cycle value," said Walt Sanford, Vice President Reliability Solutions, PinnacleART. "The combination of PinnacleART's value-focused implementation expertise with AspenTech's best-in-class Asset Performance Management solutions will add significant value to our customers, while enabling us to increase reliability in new markets."
With aspenONE Asset Performance Management software, firms can predict asset failures earlier and with greater accuracy, gaining additional time before the failure to plan and respond in more optimal ways. By modeling risk and vulnerabilities at the system level, reliability becomes a continuous process. As new failures are predicted, knowing the likely financial impact of asset breakdown and cost of repair facilitates optimal decisions. Prescriptive guidance enables operations and maintenance to respond as a team for quick and consistent remediation of problems, maximizing performance across the design, operations and maintenance asset lifecycle.
"AspenTech and PinnacleART have a powerful opportunity to deliver an unprecedented return on assets with the ability to model and analyze customers' business through the lens of overall system reliability so that the greatest risks can be identified, the potential losses quantified and the improvement opportunities justified," said John Hague, Senior Vice President and General Manager, AspenTech APM Business Unit. "Together, we will help customers operate at peak performance and profitability by enabling data-driven decision making and providing analytics tools to mitigate risks and drive reliability."
About AspenTech
AspenTech is a leading software supplier for optimizing asset performance. Visit AspenTech.com to find out more.
