Ivara Corporation Announces Partnership with Asset Performance Technologies (APT)

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Ivara Cloud Content Community Grows with addition of APT Asset Strategy Library

Ivara Corporation, the industry leader and innovator in asset performance management solutions, today announced a partnership with Asset Performance Technologies, Inc. (APT) to allow Ivara to offer its customers the APT Asset Strategy Library (ASL) through Ivara’s cloud content community, EXP Cloud. Ivara customers can now purchase APT’s library and immediately have it available for use in Ivara EXP Enterprise via EXP Cloud. Because APT is directly connected to EXP Cloud, they can update their library content and provide instant updates to their licensed customers using EXP Enterprise.

The APT Asset Strategy Library is a comprehensive collection of failure modes and preventative maintenance –the largest, most in-depth and high quality library of its kind. This world-renowned library captures over 15,000 man-years of experience. It has been at work for over 16 years solving reliability problems using 390 adaptable, universal equipment types, comprising:

  • 25,000 Failure Mechanisms
  • 2,400 PM Tasks and Intervals
  • 75,000 As Found Conditions

The APT library was first developed through the effort of the Power industry experts at the Electric Power Research Institute (EPRI) and refined over the last 16 years through structured engineering reviews and assessments by maintenance experts and equipment vendors from multiple industries.

To provide further value to Ivara customers, APT and Ivara have worked together to build in the APT library into EXP Cloud such that the content can be quickly downloaded directly into an analysis for review of the operating context and risk, thus streamlining the creation of asset reliability programs in Ivara EXP Enterprise.

“We are excited to be working with Ivara to share our knowledge and help Ivara customers deploy equipment reliability programs more quickly,” said Mark Benak, CEO, Asset Performance Technologies. “Ultimately, the real value for our joint customers will be improved asset performance and reliability and faster ROI on their technology investments.”

“We’ve known about Asset Performance Technologies for a long time and now we have the cloud capabilities to leverage their extensive library in a way that is simple and easy for our customers,” states Florian Lenders, Vice President, Ivara. “Our customers will be ecstatic that the APT Asset Strategy Library is now a part of EXP Cloud. I like to think we are offering our customers iTunes for Failure Modes.”

About Ivara:
Ivara is the leader in asset performance management software and consulting services to instill a proactive process for Maintenance and Operations to care for their production equipment. Ivara® EXP Enterprise prevents industrial equipment failure, increases production and lowers costs for better business performance. EXP transforms data into real-time intelligence enabling plant management to make fast and accurate business decisions. Customers worldwide, representing a cross section of asset intensive industries, realize the benefits of EXP every day. For more information about Ivara, visit http://www.ivara.com.

About Asset Performance Technologies
Asset Performance Technologies, Inc. (APT) produces the revolutionary PRO-M maintenance solution that combines unique optimization software with the APT Asset Strategy Library (ASL), the world’s largest library of asset strategies for industrial equipment, to rapidly optimize any PM program. PM Template Reports from the ASL are also available at http://www.pmtemplates.com. PRO-M and the ASL set the standard for PM Optimization by dynamically adjusting to changing operating conditions, plant requirements, and market economics. They can be used either as standalone solutions or to support corporate PM improvement efforts. http://www.assetperformanceinc.com

Ivara Contact:
Sandra DiMatteo
Director of Marketing
Ivara Corporation
Tel: (905) 632-8000 ext. 271
sandra.dimatteo(at)ivara(dot)com

APT Contact:
Mark Benak
Chief Executive Officer
Asset Performance Technologies
Tel: (505) 903-6001
mbenak(at)assetperformanceinc(dot)com

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Sandra DiMatteo
Ivara Corporation
(905) 632-8000 x271
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Mark Benak
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