REPORT: IBM Software Leads Short List for Enterprise Asset Management Solutions in Refining

IBM (NYSE: IBM) today announced that in a new report published by IDC’s Energy Insights, IBM’s Maximo software was cited as a leader in Enterprise Asset Management solutions for the Petroleum Refining industries.

According to the “Industry Short List” that evaluated vendors in the Enterprise Asset Management for petroleum refineries, IBM’s Maximo® solution was a leader. The report covered EAM solutions used by downstream oil and gas companies (i.e., petroleum refineries) to manage capital assets, work performed on those assets, and the resources required to perform the work.

The report cites Maximo’s advanced architecture, complete asset management features, industry specialization, and the ability to handle two critical industry issues -- an aging workforce and safety -- as key ranking factors.

Energy Insights’ methodology assesses vendors on two major criteria: “Fit to Market Need” and “Ownership Confidence.” In both categories IBM Maximo was named a leader in the short list report format.

“Maximo’s leading position in the recent Energy Insights’ report further demonstrates IBM’s experience in working with customers to deliver solutions that truly meet the needs of the petroleum and refining industries,” said Terry D. Ray Strategy & Market Management - Energy, Tivoli Software Group. “We’re committed to remaining a leader in this space and have added significant development resources to ensure that future releases of Maximo will continue to offer the functionality required for these demanding industries.”

Energy Insight’s Industry Short List results are based on three principles: fact-based research, industry focus, and evaluation transparency. Vendors are assessed on two main criteria. The “fit to market” analysis examines the product’s strength in terms of feature/functionality, interoperability, architecture, quality of service and support, and cost. The “ownership confidence” addresses the soundness of a supplier’s strategy, financials, commitment to an industry, and customer satisfaction. More information can be found at www.energy-insights.com.