IBM Makes Bigger Industrial IoT Play With Oniqua Acquisition

IBM is making a larger play in the industrial Internet of Things space with its acquisition of Oniqua Holdings Pty Ltd., a Denver-based provider of maintenance, repair and operations inventory optimization software for manufacturing, mining and other asset-intensive industries.

“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,” Jay Bellissimo of IBM Global Business Services said.

With Oniqua’s software, industrial companies are given a single view for spare parts inventory, allowing them to analyze the data and use insights to ensure that the spare parts and other materials are properly stocked to lower downtime. IBM said Oniqua’s software will integrate with Maximo and Tririga, the company’s workplace management system, to provide consistent and accessible data across the business.

“By combining the world’s leading asset optimization solution Maximo with the leading MRO Inventory Optimization solution from 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,” Bellissimo said.