Clockwork Announces Accelerated Growth in 2013 Insight LCM™ Exceeds Customer and Industry Expectations
AUSTIN, Texas, March 5, 2014 /PRNewswire/ -- Clockwork, a global leader in SaaS predictive analytics solutions for Enterprise Asset Management (EAM) announced a successful conclusion to 2013 with positive earnings and a sales increase of 40% over 2012 while successfully designing and launching Insight LCM™, a SaaS application which harnesses the power of predictive analytics to optimize enterprise asset management.
The company's investments in its leadership team over the past year have provided a springboard across the organization:
- New value based industry messaging is resonating
- An agile development approach operates in sprints to accelerate time to market
- Commercial and federal sector pipeline growth show increased interest
- Industry-focused research and publications position the company as an industry thought leader
- Expedited time to value through a SaaS implementation methodology ensures ROI
"The response to the launch of Insight LCM has been phenomenal, we couldn't have imagined more excited customers and prospects—clearly the market has a need and has been waiting for someone to fill it," shared Joe Berti, CEO of Clockwork. "Our innovative asset management software has saved customers $3B in cost avoidance in 2013 alone."
In addition to positive customer reviews, partners and analysts are engaging with Clockwork in record numbers. "Partnerships reflect Clockwork's growing influence in the world of predictive analytics software and services for Enterprise Asset Management," noted Tracey Ellis, Vice President of Marketing for Clockwork. "We've strengthened old partnerships and forged new ones with SAP, ManTech and Jaspersoft in the last 12 months, greatly increasing the value to our clients."
In addition to customer and partner response, third party analysts, such as Aberdeen and Gartner, took notice of Clockwork with Aberdeen observing that "Asset intelligence and predictive analytics products, such as Clockwork's, were recognized near the top of the solution wish list for 2013,"—further securing Clockwork's position in the EAM space as a predictive analytics leader in the midst of the big data trend.
About Clockwork: Clockwork is a global leader of SaaS predictive analytics solutions for Enterprise Asset Management (EAM) that improve availability and reduce maintenance and repair parts costs of capital intensive assets. With over 50 customers, the company provides cutting edge solutions that analyze asset data and provide performance visibility to each phase of an asset's life cycle; resulting in increased availability, improved utilization, and billions worth of cost savings and profitability. For more information visit www.clockwork-solutions.com
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