Ivara Corporation and Management Resources Group (MRG) Partner to Deliver Asset Performance Management Solutions

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Established Asset Management Consultants to Implement Ivara EXP Enterprise

This partnership unites two pioneering companies that together can provide the strongest, forward-thinking solutions in reliability-based asset performance management.

Ivara Corporation, the industry leader and innovator in asset performance management solutions, today announced a partnership with Management Resources Group, Inc. (MRG),a leading reliability engineering & asset management consulting and solution provider. MRG will provide implementation services for Ivara® EXP Enterprise asset performance management software for asset-intensive businesses across North America.

MRG will combine its methodology, tools, libraries and industry best practices with Ivara’s enabling technology, Ivara EXP Enterprise, to help customers increase asset reliability and availability, avoid capital costs, and reduce the cost of maintenance. EXP Enterprise provides a cohesive and integrated platform to develop, implement and manage a living equipment reliability program.

“We are excited to partner with a recognized leader in asset performance management software,” says Robert Distefano, Chairman of the Board and CEO, MRG. “EXP Enterprise extends and enhances our own accelerators, providing the technology platform needed to build and sustain sound asset management process and practices on an enterprise basis.”

“MRG is renowned for their expertise in the asset management community. We are delighted that they have chosen Ivara EXP technology as their platform of choice for implementing enterprise reliability programs” says Paul Marshall, CEO, Ivara Corporation. “This partnership unites two pioneering companies that together can provide the strongest, forward-thinking solutions in reliability-based asset performance management.”

About Ivara:
Ivara is the leader and innovator in asset performance management software. Ivara® EXP Enterprise provides a holistic view of asset health and helps to instill a proactive process for asset care. EXP collects, consolidates and processes condition data from all sources to anticipate the onset of failures. With EXP, make timely and informed proactive maintenance decisions to mitigate risk and improve process safety while at the same time, lowering operational costs. EXP has both SAP and IBM Maximo certified integrations. For more information, visit http://www.ivara.com.

About MRG:
Management Resources Group, Inc. is a professional services firm dedicated to helping our clients optimize the reliability and performance of their physical assets, thereby maximizing the financial and business return on those assets. Founded in 1987, Management Resources Group, Inc. is dedicated to adoption of proactive maintenance practices and processes across the globe. To learn more, visit: http://www.mrgsolutions.com.

Ivara contact:                            
Sandra DiMatteo                        
Director of Marketing                        
Ivara Corporation                        
Tel: (905) 632-8000 ext. 271                    
sandra.dimatteo(at)ivara.com
http://www.ivara.com                    

MRG contact:    
Will Goetz
Chief Marketing Officer
Management Resources Group, Inc.
Tel: (203) 264-0500
goetz(at)mrgsolutions.com
http://www.mrgsolutions.com/

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Sandra DiMatteo
Ivara Corporation
(905) 632-8000 x271
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