At a glance
- Clarita Solutions has been acquired by COSOL Limited, the largest Hitachi ABB Ellipse managed service provider in Asia Pacific and North America and global provider of digital solutions.
- COSOL and Clarita share a common goal to drive efficiencies and deliver quantifiable business improvements for asset-intensive organisations.
- Clients will benefit from the expanded solutions portfolio and an unparalleled combination of industry and technical expertise.
BRISBANE, 8 NOVEMBER 2021
COSOL Limited (COSOL, ASX:COS) is pleased to announce that it has executed an agreement to acquire Clarita Solutions Pty Ltd (Clarita). Headquartered in Brisbane, Clarita is a dynamic digital solutions company with specialist skills in IBM’s Maximo® (a leader in the Gartner Magic Quadrant for EAM software platforms) committed to transforming Enterprise Asset Management (EAM) operations.
The complementary nature of the combined portfolio further positions COSOL as a global leader in the digital transformation market and accelerates expansion and growth to create additional value for our clients and partners. The strategic benefits of the acquisition include:
- The ability to expand both project and support services and capabilities across additional EAM platforms (i.e. Ellipse, SAP, IBM Maximo®).
- Establishes COSOL as the exclusive ANZ reseller of EZMaxMobile – the leading suite of digital mobile applications integrating seamlessly with IBM Maximo®.
- Access new distribution channels for existing COSOL Enterprise Data Management proprietary solutions such as RP Connect®, Evergreen, and Copernicus through cross selling opportunities.
- Expansion of COSOL’s internationally dispersed client base.
In line with COSOL’s strategic growth map, the acquisition of Clarita expands COSOL’s EAM and digital solutions portfolio to now include GIS (Geographic Information System) data management services and EAM as a Service (EAMaaS) proprietary digital SaaS solution powered by IBM Maximo®. The EAMaaS solution is the only single ‘as a service’ solution that combines asset management, engineering document management and workforce mobility with GIS.
The combination of COSOL and Clarita provides expanded opportunities for COSOL’s Enterprise Data Asset Management (EDAM) services and proprietary digital solutions, including solutioning COSOL RPConnect® to the broader IBM Maximo® client base to accelerate our clients’ digital transformation journey, unlocking the business potential of their assets.
COSOL Group CEO, Scott McGowan said, “The acquisition of Clarita delivers a natural extension to COSOL’s digital and data solutions, enhancing and extending our capabilities across a broader range of enterprise systems. We already have significant solution portfolios for Hitachi Ellipse and SAP, and we now welcome IBM Maximo® to that portfolio.”
“COSOL and Clarita share a common goal to drive efficiencies and deliver quantifiable business improvements for asset intensive organisations, for whom return on invested capital and maximising the operation and exploitation of their current investments is of paramount importance,” McGowan said.
“The acquisition of Clarita, combined with the successful integration of AddOns Inc based in Denver, USA (now known as COSOL North America), extends our platform capability and geographical reach. The complementary nature of the organisations’ portfolios further strengthens our position as a leading international provider of proprietary digital and data solutions,” McGowan said.
COSOL and Clarita clients will benefit from the expanded solutions portfolio and an unparalleled combination of industry and technical expertise across the broad scope of enterprise systems.
“I’m delighted Clarita has the opportunity to become part of the COSOL Group. Joining forces will deliver substantial benefits for our clients, as we create seamless enterprise solutions to unlock new and exciting opportunities across the asset information ecosystem. Together our organisations provide a compelling offering to support mission critical business decision making and improved operations for asset intensive organisations.
COSOL and Clarita have a common heritage and at our very core we are both highly focused on delivering business improvements to our customers. Importantly, our shared recognition that success is driven by exceptional people and a commitment to add value to our business partnerships demonstrates the strong alignment in our values and our organisational culture,” Henry said.
COSOL Limited is a global provider of proprietary digital solutions to asset intensive industries. We drive quantifiable business improvements through the enhanced use of data and data analytics.
Our specialists have a valuable combination of industry experience and technology systems expertise to solve the most complex issues efficiently and pragmatically for our clients.
COSOL is the largest Hitachi ABB Ellipse enterprise software managed service provider in Asia Pacific and North America and, in addition, maintains relationships and capabilities with industry-recognised solution providers such as SAP, IFS, Microsoft, IBM Maximo and major system integrators such as IBM, Accenture, DXC, Deloitte and EY.
COSOL Limited was listed on the Australian Stock Exchange (ASX) in January 2020 and through its operating entities COSOL Asia Pacific and COSOL North America it has been an established leader in this sector for over 20 years. Its Global headquarters and COSOL Asia Pacific are located in Brisbane, Australia and COSOL North America is based in Denver, USA.
Clarita Solutions builds and optimises asset information ecosystems to drive asset performance improvement. We build maturity in systems and processes by enriching asset information with location context, integrating data across systems, and enabling mobile workers with field force automation.
We believe that continually improving asset performance is the result of an integrated asset information ecosystem. By leveraging the strengths of our team together with an extended network of partners, our approach is to connect businesses with the technical, operational and strategic services they need to realise their asset performance ambitions.
Clarita is headquartered in Brisbane, Australia serving a diverse client base of utilities, transportation, resources and civil infrastructure operators. In recent years, Clarita has enjoyed strong growth, including expansion into New Zealand led by a unique approach to mobile asset management and spatial integration expertise. We are Gold Level IBM Business Partners and Silver member of the Esri Partner Network (GIS). In addition, we work closely with vendor partners such as RedEye, DBM Vircon, Interpro Solutions and Projetech.