LMI has acquired software company Clockwork Solutions for an undisclosed sum as the Tysons, Va.-based nonprofit consulting firm aims to grow its analytics portfolio and further invest in asset management platforms.
Clockwork offers a predictive analytics technology designed to help customers gain visibility into enterprise assets, LMI said Friday.
“We’re especially excited to grow our footprint in Austin, Texas, getting closer to both our critical customers and the vibrant innovation ecosystem there,” said David Zolet, president and CEO of LMI and a 2019 Wash100 awardee.
Josh Wilson, vice president of advanced analytics at LMI, added the deal presents the nonprofit an opportunity to help clients address predictive analytics requirements with a package of technology and service offerings.
Clockwork’s maintenance, repair and overhaul products suite encompasses life cycle management, performance-based logistics, predictive health and condition-based maintenance and industrial internet of things.