Clockwork Drives $2B of Value for Customers In First Half of 2013 Leading Solution Identifies Areas of Cost Avoidance and Untapped Profitability
AUSTIN, Texas, June 11, 2013 /PRNewswire/ -- Clockwork, a global leader in predictive analytics solutions for Enterprise Asset Management (EAM), has driven an estimated $2 Billion in value for its customers in the first half of 2013 by identifying areas of cost avoidance and untapped profitability relating to the life cycle costs of maintaining capital intensive assets. This record-breaking value puts the company's four year total client value at over $7 Billion dollars. Working closely with Clockwork, customers have found value in optimizing their asset management strategy and in turn are realizing measurable benefits; key 2013 customers include the US Army, US Marine Corps, and StatOil.
Clockwork's Insight LCM™ software solution, powered by Clockwork LCM Cloud™ technology and enterprise asset management best practices, allows customers to accelerate their time to value. Clockwork customer engagements begin with an Engage LCM™ Value Study to understand the potential value for their operation. Using this assessment customers determine the strategy that best supports their asset performance and availability requirements and are able to evaluate the ROI, which typically exceeds ten times their investment.
"At Clockwork we lead with a measurement of value," followed Joe Berti, CEO. "Companies want and need to do more with less. Clockwork's Insight LCM solution drives value by providing the information and analytics needed to achieve significant savings or drive increased revenue via improved asset availability."
About Clockwork: Clockwork is a global leader of predictive analytics solutions for Enterprise Asset Management (EAM) that improves availability and reduces maintenance and repair parts costs of capital intensive assets. With over 50 customers, the company provides cutting edge solutions that analyze asset data, 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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