Fredericton, New Brunswick — Remsoft has announced it has acquired Xtivity Inc., a managed services firm focused on improving asset availability through effective Maintenance, Repair and Operations (MRO) inventory management.
With the acquisition, Remsoft adds MRO inventory and supply chain management decision support capabilities to its proven solutions for asset-intensive industries.
Headquartered in London, Ontario, Xtivity serves a broad cross-section of industries and geographic markets, providing reliability-centred inventory solutions for some of the world’s largest industrial asset companies across Pulp & Paper, Mining, Automotive, Pharmaceutical, Oil & Gas, and Transportation. By connecting MRO decisions to equipment performance, throughout the inventory lifecycle, Xtivity helps companies ensure optimal parts availability and asset performance.
Remsoft solutions are focused on optimizing the management and utilization of forestry and land assets, bringing transparency and intelligence to improve planning and scheduling across the forest value chain. A pioneer in optimization modelling technology, Remsoft helps to transform data into insights for more precise and proactive, end-to-end planning including cloud-based, real-time operations scheduling.The addition of Xtivity with its Pulse decision support system, based on machine learning algorithms, is a strong complement to Remsoft’s family of intelligent technology solutions that power critical asset decisions.
“At the core, both companies are focused on providing customers with actionable, data-based insights to drive critical decision making,” said Andrea Feunekes, Remsoft CEO. “We provide intelligent analytics technology and services, grounded by deep domain expertise, to help companies uncover the best choices amidst competing data elements. That’s the synergy we’ll be building on to deliver more value for customers in our combined markets.”
Xtivity will operate as a subsidiary of Remsoft, and Managing Director, Andrew Jordan will continue in his role to lead the operations of the company. Combined, the companies will have expanded resources, including teams of seasoned analysts, MRO Supply Chain domain experts and software developers, to support global customers of all sizes on every continent.
“There’s a great fit, between Remsoft and Xtivity, that starts with our core values,” said Jordan. “Remsoft shares our commitment to client service and focus on delivering bottom-line results. We each bring unique capabilities and expertise to this partnership, and together we provide a compelling proposition for our customers.”