Fiix Acquires Alchemy IoT to Build First True AI-Powered CMMS

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A new press release states, “Fiix Inc, the leading provider of cloud-based maintenance and asset management software, today announced it has acquired Alchemy IoT, an industrial asset intelligence company. The acquisition makes Fiix the first CMMS vendor to bring true AI-driven predictive maintenance to the market, by combining Fiix’s smart asset management solution and Alchemy’s machine learning software. The addition of Alchemy’s patented asset health monitor will extend Fiix’s innovative maintenance platform to include real-time, AI-driven asset health and anomaly detection. Following closely on the launch of Fiix’s new Integration Hub, this acquisition is the second announcement in less than a month that shows the CMMS software provider is leading the market by enabling condition-based and predictive maintenance capabilities for its customer base— essential tools for maintenance and asset managers looking to modernize their operations.”

James Novak, CEO of Fiix, noted, “We planted an Industry 4.0 flag with the launch of our Integration Hub and now we’re cementing that position with this acquisition… Fiix is focused on ensuring our customers have the tools they need to stay competitive. We were the first to see cloud software as the key to helping customers simplify their journey to modern maintenance. The addition of AI capabilities to our products is the next step on this digital journey. By connecting workflow software to asset sensors, production systems, and enterprise software and enabling real-time asset health monitoring, we’re connecting the dots on the whole Industry 4.0 ecosystem. This gives our customers the insight into asset performance that they need to run stronger maintenance programs and stay ahead of the curve.”

Read more at Newswire.

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