Hexagon PPM Acquires Industrial Business Solutions, Inc., Provider of the ContinuumEdge® Completions & Commissioning Management System11 January 2018
Hexagon PPM, the world’s leading provider of asset life cycle solutions for design, construction, and operation of industrial facilities, announces the acquisition of Industrial Business Solutions, Inc. (IBS), a Utah-based owner and developer of ContinuumEdge® software, a one-of-a-kind enterprise platform to enable digital project execution.
IBS’ core product, ContinuumEdge (CE), is a Cloud software suite with focus on Completions & Commissioning that enables industrial enterprises to report and oversee multi-discipline tasks being performed in real time.
The addition of ContinuumEdge completes the digital project ecosystem to take Hexagon customers from start to finish, creating a virtual representation of a project across its entire life cycle (i.e., a digital twin) using real-time data to optimize business performance. CE removes inefficiencies around data transfer, manages change between parallel processes using the same project data, and removes all paper-based processes.
As a result of the acquisition of IBS by Hexagon, ContinuumEdge is being renamed Intergraph Smart® Completions, effective immediately.
Mattias Stenberg, president of Hexagon PPM, said, “The IBS acquisition is a significant addition for Hexagon PPM within the plant life cycle sector. Completions & Commissioning is a critical phase of all projects, and by integrating ContinuumEdge into our portfolio, we are adding a comprehensive solution proven to provide visibility of systems completions throughout the entire life cycle of any size project.”
IBS was founded in 2006 and is a leader in the completions and commissioning and start-up software space. ContinuumEdge was deployed in capital projects in 2009 and was first marketed as commercial software in 2015. IBS presently has offices in Murray, Utah, with major customers in the Oil & Gas, Mining & Metals, Chemical, and Power & Utilities industries in the United States, Canada, and Australia, most notably the Australia Pacific LNG Project (an A$25 billion joint venture between Origin Energy, ConocoPhillips, and Sinopec).
Key differentiators between Smart Completions and competitors’ systems include:
Multi-project solution – build templates and re-use execution philosophy on sustaining capital projects and shutdown/turnaround after initial project completion
Mobility – online/offline complex testing procedures for real-time progress reporting that can be tied to contract numbers ensuring completion of work prior to payment
Automated package builder – bulk build execution packages by pre-defined business requirements
Full life cycle solution – takes a customer from construction through to operations with embedded safety and operability readiness suites
Intergraph Smart Completions creates an information foundation with traceability and accountability for custody, control, and work processes, providing a seamless transition to operations and maintenance
Other CE modules include Operability Development Management System (ODMS), which integrates activities, task dependencies, and deliverables to meet business goals, and Safety Risk Management System (SRMS), which reviews the entire safety spectrum of industrial operations and delivers a set of documents to support execution.
For more information about Intergraph Smart Completions, please visit hexagonppm.com/products/pfc-product-family/intergraph-smart-completions.
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Hexagon is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications.
Hexagon’s solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries.
Hexagon (Nasdaq Stockholm: HEXA B) has more than 16,000 employees in 46 countries and net sales of approximately 3.0bn EUR. Learn more at hexagon.com and follow us @HexagonAB.
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