MOVUS and Denver partner on industrial asset management

MOVUS, the Australian developer and provider of continuous condition monitoring solution FitMachine, has announced a strategic partnership with global IT solutions provider Denver to automate the input of real-time asset condition data into EAM systems. Maintenance, reliability, production and operations managers can now access new data-driven insights on asset performance for faster decision-making.

The partnership is part of Denver’s Asset Performance Solutions (APS) portfolio and completes the connected asset picture by bringing FitMachine data into business systems, allowing for better asset visibility, planning, management and optimisation. Ultimately, it allows users to realise the business opportunities of the IIoT and kickstart their Industry 4.0 journey.

MOVUS claims the FitMachine is unique, as it builds a model for every asset; FitMachine collects real-time condition data and quickly learns ‘normal’. From then on, it monitors for subtle condition changes that are often the early warnings of more serious issues. With extensive experience in complex industrial environments, Denver realised the value of FitMachine insights and brought to market cloud-based integration into asset management systems, providing asset owners with full visibility into the health of their fixed assets and the ability to minimise unplanned downtime and production interruptions.

“We continue to help asset-intensive organisations drive operational improvements and efficiencies of their business systems,” said Denver CEO Raghav Mehra. “Our partnership with MOVUS is supporting our customers in connecting their assets to IBM’s Maximo Asset Management software and provides unprecedented insights to drive improved asset management strategies.”

“MOVUS is very excited to partner with Denver, who have decades of asset-heavy industry experience and an offer complementary to ours,” said MOVUS CEO Brad Parsons. “FitMachine is the missing component to a data-driven approach to industrial machine maintenance. This partnership is already helping our joint clients embark on a ‘connected assets’ journey and is instrumental in consolidating FitMachine’s leadership in the Australian marketplace.”

MOVUS and Denver are currently working together in the Australian and North American markets. They will be showcasing their joint offer at the Solving the Connected Assets Challenge event, to be held on 3 July at the IBM Offices in Brisbane. Those interested can register for the event by sending an email to info@denver.com.au.