November 18, 2020 by Manufacturing AUTOMATION
Rockwell Automation has announced it will acquire Fiix, a Toronto-based, AI-enabled computerized maintenance management system (CMMS) company.
Fiix’s cloud-native CMMS creates workflows for the scheduling, organizing and tracking of equipment maintenance.
The company’s revenue grew 70 per cent in 2019 with more than 85 per cent recurring revenue. Fiix, a privately held company founded in 2008, has more than two million assets under management and creates more than six million work orders a year.
“We believe that the future of industrial asset management is performance-based,” says Tessa Myers, vice-president, product management, software and control at Rockwell Automation, in a statement.
“With the addition of the Fiix platform and expertise, our customers will benefit from a 360-degree view of integrated data across automation, production, and maintenance, helping them to monitor and improve the performance of their assets and optimize how maintenance work is done.”
James Novak, Fiix CEO, says, “From the beginning, Fiix has been on a mission to connect maintenance and operations teams to the tools, resources and technology they need to modernize and join the future of maintenance.
“Joining Rockwell Automation will allow us to help even more companies modernize maintenance and increase asset performance by connecting to industry-leading data, automation, and production systems.”
The addition of Fiix directly aligns with Rockwell Automation’s software strategy. It also enhances Rockwell Automation’s capabilities in its Lifecycle Services business, which provides a range of industrial automation services to help customers with production assets, systems, plants and processes.
Fiix will be reported as part of Rockwell Automation’s Software & Control operating segment. The transaction is expected to close by the end of 2020.