Federal consulting firm LMI on Monday said it has acquired Clockwork Solutions, a provider of a predictive analytics software platform used by enterprises to improve efficiencies.
Terms of the deal were not disclosed.
Clockwork Solutions, which is based in Austin, Texas, said it brings its predictive analytics capabilities to customers with strategic, capital-intensive fleets and assets to improve asset visibility, reduce parts inventory, and control maintenance costs. Its customers include military organizations and industries worldwide.
In addition to the analytics capabilities, the acquisition grows LMI’s presence in a high-technology region.
“LMI brings innovative solutions to solve the government’s toughest challenges, including the delivery of affordable readiness to the warfighter,” David Zolet, president and CEO of LMI, said in a statement. “We’re especially excited to grow our footprint in Austin, Texas, getting closer to both our critical customers and the vibrant ecosystem there.”
Josh Wilson, vice president of LMI’s Advanced Analytics service line, said in a statement that the acquisition allows the company “to expand our offerings in the growing areas of predictive maintenance and asset performance management, allowing our customer to get the most value out of their critical equipment.”