ABB named leading supplier of enterprise asset management software solutions

ABB 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. 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. 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.