IBM Acquires IoT Services Provider

IBM has acquired Oniqua Holdings Pty Ltd., a global innovator in maintenance repair and operations (MRO) inventory optimization solutions and services focused on mining, oil & gas, transportation, utilities, manufacturing, and other asset-intensive industries. Through the acquisition, IBM seeks to expand its capabilities around reducing and optimizing MRO inventories, predicting when critical parts and equipment might fail so proactive actions can be taken to avoid unplanned downtime.

 Oniqua, combined with other IBM solutions such as Maximo and Tririga, will help provide consistency and data accessibility across the business with a central source of trusted information, according to Jay Bellissimo, general manager of cognitive process transformation for IBM Global Business Services. "Clients are moving from legacy, on-premise offerings to new cloud-based predictive analytics and prescriptive maintenance offerings. But without instant access to the right data, they are still susceptible to critical equipment breakdowns that can cripple their businesses. By combining our asset optimization solution Maximo with Oniqua, we will offer a next generation solutions as-a-service that let businesses easily connect with the data they need so they can forecast equipment failures, optimize spare parts, reduce unplanned downtime and optimize asset maintenance."

As part of the acquisition, IBM Services will acquire from Oniqua a team of professionals with key skills in MRO inventory optimization, data engineering, data science, and predictive and prescriptive analytics.

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