Banetti and Practive Announce Agreement to Merge

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Banetti and Practive, two recognized leaders in asset management consulting, have agreed to merge. Both organizations are IBM partners and will offer a portfolio of Maximo services and maintenance and reliability solutions, helping regulated industry with critical assets.

Together Banetti and Practive will be a more resourceful partner for our customers.

July 9th, 2012 (Miami, FL and Indianapolis, IN) – Banetti, Inc., and Practive Solutions, Inc., two recognized leaders in asset management consulting, today announced a definitive agreement to merge. From this merger, a unique and comprehensive organization, focused on asset management, including solutions in information technology, regulatory and compliance, and Business Intelligence is forged.

“Banetti is excited to welcome Practive and their maintenance and reliability solutions into our brand. Their leadership in the regulated industry and critical asset management business solutions allow the new Banetti to deliver a comprehensive set of solutions to our clients“ said Matt Boehne, Chief Executive Officer, Banetti, Inc. “With our expanded portfolio, Banetti is poised to deliver across the enterprise from the plant floor to the executive suite including IT, finance, compliance, operations and maintenance.”

“The overall breadth of this merger positions the resulting organization as a leader in the regulated industries,” said Kevin D. Clark, Chief Executive Officer. Practive Solutions, Inc. "forming an organization that provides high-performing, cross-functional consultants across technologies and industry sectors. When combined with Banetti’s deep system knowledge and diverse client portfolio, a ‘niche’ powerhouse will be created!”

This merger creates an expanded Banetti, focusing on the optimization of assets through intelligent process and technology design. This deliberate combination will expand upon known and widely accepted “excellence” methodologies to further enhance the financial and sustainable success rate of our clients and their assets. As long-time strategic partners, Banetti and Practive recognize the deficiencies of today’s asset management culture and the difficulty of driving positive change in any organization.

About Banetti, Inc.
Banetti, an accredited IBM Premier Business Partner, is a full-service asset management consultancy, value added reseller, and trusted advisor to numerous verticals, primarily focused on regulated industry. Headquartered in Miami, FL, and with practitioners located in the United States, Canada, and Brazil, our team is prepared to partner with clients to solve their asset management challenges in operations, finance, IT, and maintenance. Delivering holistic solutions in capacity assurance, spend optimization, sustainability, and compliance, Banetti strives to deliver the most significant ROI to our clients.

For more information, visit http://www.banetti.com.

About Practive Solutions, Inc.
An innovative and experienced staff, Practive specializes in Maintenance & Reliability (M&R) Management Consulting and IT deployment professional services for public and private companies and not-for-profit organizations. Our position: each client receives a personalized approach, driven by intelligent solutions derived from deep technical industry expertise focused on improving asset sustainability and profitability. As an IBM and Syclo Business Partner, Practive is recognized throughout the industry as practical, conscientious, and a trustworthy service provider with a reputation for attracting repeat customers. The firm is headquartered in Indianapolis, IN. For more information, visit http://www.practive-inc.com.

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Amber Clark

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