Burlington, Ont., firm receives capital injection from Siemens
Burlington, Ont. -- June 7, 2001 -- Siemens has taken an equity position in Ivara Corporation, a Burlington, Ont.,...
Burlington, Ont. — June 7, 2001 — Siemens has taken an equity position in Ivara Corporation, a Burlington, Ont., based software developer of Enterprise Asset Management (EAM) and maintenance products directed at the Manufacturing Execution Software (MES) market, which is part of e-manufacturing.
Siemens Automation & Drives (A&D) division is continuing to strengthen its position in the areas of MES for e-manufacturing. Another step on the road to achieving its objective is an investment equal to 15 per cent of the shares of Ivara, it reports.
Ivara is a supplier of maintenance and reliability solutions including computerized maintenance management systems (CMMS), expert maintenance systems (EXP) and maintenance and reliability consulting services, which are used to plan and co-ordinate maintenance activities with the objective of reducing maintenance costs.
Siemens markets the Ivara Software worldwide under the name “cube Maintegrity” as a plant maintenance management system (PMMS) that is part of its Industry Suite.
In June 2000 Ivara and Siemens had announced a co-operation agreement to integrate Ivara software systems into Siemens’ Industrial Framework. The announced investment is part of the Siemens growth strategy in the MES-market which has also included the recently announced, January 2001, merger of Siemens A&D with the Italian Orsi Group, Genoa, Italy.
“The investment by Siemens will help us in achieving our growth and profitability objectives,” said Bill Shaw, president of Ivara. “The Siemens decision to use Ivara’s EAM system for its industrial framework is a strong endorsement of our strategy to provide technically innovative solutions that provide value to customers.”
He added that Siemens’ strategy to integrate Ivara’s products to the factory floor and business systems provide a significant value proposition for companies to reduce costs, increase equipment uptime and increase production capacity.
“We evaluated the leading maintenance software products and selected Ivara’s enterprise asset management system because of its advanced technical architecture and the powerful functionality, ” said Dr. Helmuth Ludwig, head of Siemens AG’s Software and Systems House, and a new member of the managing board of Ivara.
In Canada, Siemens is headquartered in Mississauga, Ont., and has 99 offices and 12 manufacturing facilities across the country. A&D products are marketed in Canada by the Industry & Construction Group (ICG) of Siemens Canada.