Ventyx Outage Lifecycle Management Named Overall Winner at European Utility Week Product Innovation Awards

ATLANTA, Nov. 11, 2014 /PRNewswire/ -- Ventyx, an ABB company, today announced the company's Outage Lifecycle Management (OLM) solution has been named the "Overall Winner" in the Product Innovation Awards at the European Utility Week conference and exhibition in Amsterdam, where more than 350 solution providers from across the globe displayed their solutions.

Ventyx OLM is the first complete solution for outage lifecycle management to help utilities more effectively manage the end-to-end process for minimizing the impact of major storm outages. The solution was selected as overall winner, as well as the winner for Smart Metering, ICT & Grid Security award, based on a few key criteria:

• Originality. Ventyx is the first vendor to design a solution addressing market requirements across the full scope of outages – from planning and preparation, to communications with customers, through to final restoration of service and regulatory reporting.
• Sustainability and efficiency. The post-event capture and feedback of outage event information into the next planning and preparation cycle (full circle feedback and process) creates a continuous improvement loop that drives ever-increasing operational efficiency and sustained savings over time.
• Practicality. Ventyx built the solution from a base of proven, tested products, which makes its delivery more economical to customers who have one or more of the existing components, and it reduces the risks of realizing the vision and first steps in the OLM roadmap.

"On top of numerous daily challenges, new threats like extreme weather conditions, cyber threats and rising global demand that have created the 'perfect storm' for utilities to rethink how they manage energy outages," said Jens Birgersson, head of ABB's Network Management Business Unit. "Ventyx designed OLM to help our customers weather the storm by better planning, preparation and response to outages to minimize their overall impact and duration. We are pleased that the European Utility Week judges recognized the value of this powerful solution, and we are proud to be selected as overall winner from among so many innovative solutions at this year's conference."

Attendees at 2014 European Utility Week received a wealth of information on Ventyx OLM. Not only were new implementations of the solution at CLK Enerji and City of Cape Town announced at the show; Wipro, which is leading the implementation at CLK, joined Ventyx and CLK for a joint seminar focused on outage lifecycle management. Those who couldn't attend the conference can learn more on the Ventyx website, or by attending a December 2 webinar entitled "Managing Outages before They Manage You."

About Ventyx
Ventyx, an ABB company, is a world-leading supplier of Industrial Enterprise Software for essential industries such as energy, mining and public infrastructure. Ventyx solutions bridge the gap between information technologies (IT) and operational technologies (OT), enabling clients to make faster, better-informed decisions in both daily operations and long-term planning strategies. Some of the world's largest organizations rely on Ventyx solutions to minimize risk, enhance operational and financial performance, and execute the right strategies for the future. For more details, see www.ventyx.com.

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