{"id":169995,"date":"2019-08-12T07:00:52","date_gmt":"2019-08-12T11:00:52","guid":{"rendered":"https:\/\/fiix.wpengine.com\/?p=169995"},"modified":"2020-10-29T09:45:50","modified_gmt":"2020-10-29T13:45:50","slug":"fiix-acquires-alchemy-iot","status":"publish","type":"post","link":"https:\/\/fiixsoftware.com\/maintenance-news\/news\/fiix-acquires-alchemy-iot\/","title":{"rendered":"Fiix Acquires Alchemy IoT to Build First True AI-Powered CMMS"},"content":{"rendered":"<p><strong>Toronto, Canada\u2014August 12, 2019\u2014<\/strong><a href=\"\/\" target=\"_blank\" rel=\"noopener noreferrer\">Fiix Inc<\/a>, the leading provider of cloud-based maintenance and asset management software, today announced it has acquired Alchemy IoT, an industrial asset intelligence company.<\/p>\n<p>The acquisition makes Fiix the first CMMS vendor to bring true AI-driven <a href=\"\/maintenance-strategies\/predictive-maintenance\/\">predictive maintenance<\/a> to the market, by combining Fiix\u2019s smart asset management solution and Alchemy\u2019s machine learning software. The addition of Alchemy\u2019s patented asset health monitor will extend Fiix\u2019s innovative maintenance platform to include real-time, AI-driven asset health and anomaly detection.<\/p>\n<p>Following closely on the launch of Fiix\u2019s new <a href=\"https:\/\/fiixsoftware.com\/cmms\/integrations\/\" target=\"_blank\" rel=\"noopener noreferrer\">Integration Hub<\/a>, this acquisition is the second announcement in less than a month that shows the CMMS software provider is leading the market by enabling condition-based and predictive maintenance capabilities for its customer base\u2014 essential tools for maintenance and asset managers looking to modernize their operations.<\/p>\n<p>\u201cWe planted an Industry 4.0 flag with the launch of our Integration Hub and now we\u2019re cementing that position with this acquisition,\u201d says James Novak, CEO of Fiix.<\/p>\n<p>\u201cFiix is focused on ensuring our customers have the tools they need to stay competitive. We were the first to see cloud software as the key to helping customers simplify their journey to modern maintenance. The addition of AI capabilities to our products is the next step on this digital journey. By connecting workflow software to asset sensors, production systems, and enterprise software and enabling real-time asset health monitoring, we\u2019re connecting the dots on the whole Industry 4.0 ecosystem. This gives our customers the insight into asset performance that they need to run stronger maintenance programs and stay ahead of the curve.\u201d<\/p>\n<p>According to the International Data Corporation (IDC), worldwide spending on IoT is forecast to reach $745 billion in 2019 alone, as more organizations eschew out-of-date systems and legacy software in order to build smarter and more connected businesses. Fiix has long been at the forefront of this digital transformation, and continues to leverage its unique position as one of the first true cloud vendors to develop intelligent, connected system for the evolving needs in the maintenance and asset management space.<\/p>\n<p><strong>About Fiix<\/strong><\/p>\n<p>Fiix is the maintenance and asset management software provider that\u2019s putting the power in your hands by simplifying the journey to modern maintenance. Whether you\u2019re looking to organize assets and manage work, or connect to business systems and make data-driven decisions, we partner with you to give you the tools to evaluate, buy, implement, and integrate software, and start your reliability journey.<br \/>\nVisit fiixsoftware.com for more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toronto, Canada\u2014August 12, 2019\u2014Fiix Inc, the leading provider of cloud-based maintenance and asset management software, today announced it has acquired Alchemy IoT, an industrial asset intelligence company. The acquisition makes Fiix the first CMMS vendor to bring true AI-driven predictive maintenance to the market, by combining Fiix\u2019s smart asset management solution and Alchemy\u2019s machine learning software. The addition of Alchemy\u2019s patented asset health monitor will extend Fiix\u2019s innovative maintenance platform to include real-time, AI-driven asset health and anomaly detection. Following closely on the launch of Fiix\u2019s new Integration Hub, this acquisition is the second announcement in less than a month that shows the CMMS software provider is leading the market by enabling condition-based and predictive maintenance capabilities for its customer base\u2014 essential tools for maintenance and asset managers looking to modernize their operations. \u201cWe planted an Industry 4.0 flag with the launch of our Integration Hub and now we\u2019re cementing that position with this acquisition,\u201d says James Novak, CEO of Fiix. \u201cFiix is focused on ensuring our customers have the tools they need to stay competitive. We were the first to see cloud software as the key to helping customers simplify their journey to modern maintenance. The addition of AI [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":170000,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"coauthors":[],"class_list":["post-169995","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fiix Acquires Alchemy IoT<\/title>\n<meta name=\"description\" content=\"Fiix Inc, the leading provider of cloud-based maintenance and asset management software, today announced it has acquired Alchemy IoT, an industrial asset intelligence company.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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