Ultimo Focuses On Aggressive Growth Through Partnerships In The EAM Software Market

Ultimo, the Netherlands-headquartered provider of EAM software has completed several partnerships with technology as well as service providers to not only enhance its solution capabilities but expand into additional regions and industries. In the Verdantix 2021 Operational Excellence global corporate survey, 34% of the 256 respondents mentioned using EAM software widely across their operations or at multiple sites. However, 60% stated limited usage or not using EAM software at all, showing ample room for growth in this space.

Since 2021, Ultimo has announced over 15 partnerships, with nearly a third of them taking place in the first three months of 2022, to increase its market share. Some key ones to highlight include:

• Partnership with AVEVA to help action the predictive insights generated by AVEVA Insight, its asset performance management (APM) platform and offer customers an end-to-end asset management solution. 54% of the respondents in the Verdantix survey mentioned the ability to configure workflows to action insights generated from analytics as an important criterion when evaluating asset management software. This partnership with AVEVA nicely caters to this customer need.

• Recent partnership with Mainnovation to further enhance its dashboarding capabilities.

• Partnerships with augmented reality (AR) software providers XMReality and ICT Netherlands to provide remote assistance to frontline workers for carrying out maintenance and inspection tasks safely as well as efficiently. Spend on connected worker solutions for remote assistance is forecasted to double in the next five years from $310 million in 2021 to $612 million in 2026.

• Partnership with MaxGrip for providing implementation services as well as expanding its footprint in the US and other countries outside of Europe.

• Partnerships with Tobania and Go4Logistics to better serve customers in the government and municipal as well as transport and logistics sectors.

For more information on Asset Management Technologies, visit the Verdantix Operational Excellence research website.