Business Services Industry
MRO Software Named Leader in Enterprise Asset Management Market for Fourth Year Running by ARC Advisory Group Study
Business Wire, Feb 15, 2006
BEDFORD, Mass. -- MRO Software (Nasdaq: MROI), the leading provider of asset and service management solutions today announced results from a newly released market research report by ARC Advisory Group showing that the Company extended its worldwide market share leadership in enterprise asset management (EAM) software during 2005. It marks the fourth consecutive year in which MRO Software has captured the analyst group's top market position.
The report, "Enterprise Asset Management/Computerized Maintenance Management Systems (EAM/CMMS) Solutions Worldwide Outlook," names MRO Software as the overall global market leader, and cites other wins in numerous regional, industry and asset-type market segments, including:
--North and Latin America
--Process Manufacturing
--Chemical, Oil and Gas
--Government
--Transportation
--Facilities Management
--Fleet Assets
--IT Assets
According to the report, MRO Software improved its market position thanks partly to its integration of IT asset and service management into the company's Maximo Enterprise Suite (MXES). "Its acquisition of MainControl provided the company with an IT asset management solution that was integrated into its Maximo solution in 2005. MRO Software focuses on strategic asset and service management, asset-centric procurement, and an ITIL compliant service desk for production, facilities, fleet and IT asset management. Maximo enjoys major brand recognition and also supports an important services practice for many strategic partners including IBM which promotes the combined EAM and ITEAM focus," the report said.
The study continues ARC's annual tracking of the market for EAM/CMMS and Information Technology Enterprise Asset Management (ITEAM) solutions. Market shares and forecasts were estimated for 2005 based upon available financial reports and 2004 base year supplier inputs. It echoes similar market studies from analysts such as the Gartner Inc. and the META Group who have consistently named MRO Software the industry leader year to year.
"ARC Advisory's report is one of the most exhaustive studies of the EAM industry. Our consistent market leadership shows that our strategy and go-to-market approach is helping to solve our customers' asset and service management requirements," said Patricia C. Foye, executive vice president, Global Marketing & Alliances of MRO Software. "We look forward to building on our strong market presence with MXES."
About MRO Software
MRO Software is the leading provider of asset and service management solutions. Maximo Enterprise Suite, the Company's flagship solution, is delivered on a web-architected platform and increases productivity, optimizes asset performance, and service levels, reduces costs and enables asset-related sourcing and procurement across the entire spectrum of strategic assets.
The Company's asset management solutions allow customers to manage the complete life cycle of strategic assets including: planning, procurement, deployment, tracking, maintenance and retirement. Using MRO Software's solutions customers improve production reliability, labor efficiency, material optimization, software license compliance, lease management, warranty and service management across the asset base.
MRO Software (Nasdaq: MROI) is a global company based in Bedford, Mass., with approximately 900 employees, 10,000 customers and more than 260,000 end-users. The Company markets its products through a direct sales organization in combination with a network of international distributors. MRO Software has sales offices throughout North America, Europe, Asia/Pacific and Latin America. Additional information on MRO Software can be found at http://www.mro.com.
Maximo(R) is a registered trademark, and MRO Software(TM) and MXES(TM) are trademarks, of MRO Software, Inc.
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