IPM partners with EXOR Corp in Highway Planning

27 October 2009, 2:34pm

Denver, Colorado, Tuesday, 27 October 2009: Exor Corporation, the Global Leader in Infrastructure Asset Management, today announced a strategic partnership with IPM Analytics, the Infrastructure Performance Management specialist, which will enable Departments of Transportation (DOTs) to more effectively optimize investments in maintenance and preservation work across their road networks. This is especially valuable due to the deteriorating condition of the roads throughout North America.

IPM Analytics enables organizations to better face the critical investment optimization challenges, incorporating cost/benefit-based optimization at multiple stages of the planning process. It can help organizations implement a comprehensive, state-of-the-practice Asset Management System at any stage of implementation, including requirements gathering, procurement, rollout, and follow-on improvements.

Under the terms of the partnership, Exor will be able to offer the IPM/Trade-Off solution developed by IPM Analytics, which enables DOTs to perform “what-if” analyses and balance funds between different types of requirements (safety, bridges, roads) and determine what the effect on the performance will be as more funds are transferred from one infrastructure area to another. In return IPM will have access to the full Exor Suite which provides DOTs with a robust infrastructure to underlie all of their assets.

As Russell Loarridge, Vice President of Sales & Marketing at Exor, explains “Partnering with IPM was the obvious choice; the area of funding optimization, whilst pivotal to reversing the trend of deterioration that is evident across North America, has few specialist providers and among them IPM really stand out as visionaries – you only have to take a look at their work with Wyoming and Colorado DOT to see the extent to which they are leading the field.”

The initial stages of the partnership will see IPM and Exor working on the integration of the respective solutions in three key areas – investment trade-off analysis, project scenario analysis, and safety management, to enable organisations to engage with them on both a DOT and County level. Following the success of this initial integration both parties are confident that further opportunities will emerge.

Larry Redd, President of IPM Analytics concludes, “The synergy between our offering and Exor’s both in terms of the current products and our respective roadmaps was key to our decision to partner with Exor and our belief in the future success of the partnership. Exor impressed us a few years back when we witnessed their role in a Wyoming DOT procurement alongside SAP and Oracle, and we have always considered them to be a heavyweight player in the asset management market.”

“Exor not only has the skills and technology DOTs require but the foresight and enthusiasm that will help us to help the industry as a whole address the problems that have arisen as a result of years of under-investment in road infrastructure. Our partnership with Exor will be key to our ability to assist DOTs in making their investment decisions more effective. We are confident that together we can satisfy the asset management and analysis needs of any DOT or indeed any other area where linear assets require management.”

Exor Corporation

IPM Analytics

Geo: International