financial risk management software

Source: Meridium Inc.
MEDIA RELEASE PR37601
Meridium and PIA Group Form Unique Alliance to Provide Asia-Pacific Region with Revolutionary Data-Hosting Service
BANGKOK, Dec. 16 /PRNewswire-AsiaNet/ –
Meridium, the world leader in asset performance management (APM) software and consulting solutions, and PIA (Plant Integrity Assurance Ltd) Group Sdn Bhd, a prominent plant integrity services company based in southeast Asia, have partnered to provide Asia-Pacific customers with a range of Meridium APM tools and services through a revolutionary data-hosting service.
Meridium, headquartered in the U.S.A. with worldwide locations, and the PIA Group, operating from Brunei with additional capabilities in Singapore, Indonesia and Vietnam, have been working on this strategic alliance for several months. According to Glen Gannon, Group Operations Manager for PIA Group, “During this global economic crunch, offering the combined services of both companies could not have been launched at a better time to provide significant savings to all onshore and offshore high-value, plant-asset-based industries.”
The product of this alliance is an exciting new data-hosting service through which PIA Group offers clients a range of world-class asset integrity management (AIM) analysis, reporting and performance solutions, housed within the PIA Group’s firewalled servers. The data-hosting service, slated to go live in November 2009, is accessed via the Meridium Web Client, through which users can view, navigate and download their recommendations, analyses and performance reports within a highly secure environment. The delivery of this information back to a client’s existing computerized maintenance management or enterprise asset management system can be facilitated through the sophisticated Meridium interfacing tools.
PIA Group’s data hosting service offers clients a cost-effective alternative to the implementation and management of a single- or multi-point asset management solution, such as a Risk Based Inspection (RBI) or an inspection data management system, without the need to mobilize and train a dedicated AIM workforce.
While PIA Group’s data-hosting service has the capacity to take on a large AIM project, this innovative service can also offer a relatively inexpensive option to smaller or independent operators that are undertaking yearly compliance initiatives, such as RBI, independent corrosion monitoring programs, Reliability Centered Maintenance, Root Cause Analysis and single pilot projects.
In another application of this service, a maturing operator who might be considering implementation of the full Meridium APM software suite can outsource services to PIA as a transitional tool for data warehousing and analysis, while preparing for an enterprise-wide deployment of Meridium APM. The use of PIA Group’s data hosting services would enable the seamless transition of mechanical and process data.
As part of the Meridium strategic alliance, PIA Group provides regional personnel who are Meridium APM trained and certified exclusively for implementation projects throughout the Asia Pacific region.
According to Bonz Hart, Meridium President and CEO, “Meridium is excited to partner with PIA Group, a leader in asset integrity management consulting in Southeast Asia, to provide this simple, cost-effective option for companies striving to improve plant operations, safety, compliance and overall reliability.”
For more information visit www.meridium.com and www.piagrp.com
About Meridium
Meridium Inc. is the global leader in asset performance management solutions for process, power, mining and discrete manufacturing industries. With Meridium software and services, companies will accelerate profitability through effective asset strategies, thus increasing asset reliability and improving the performance of their production assets. Developing or improving these asset strategies also has a direct, positive impact on operational excellence by reducing financial, health and safety, and production risk; optimizing maintenance costs; ensuring regulatory compliance and decreasing the potential for undesirable incidents. Industry leaders such as Chevron, Marathon Oil, Anglo Platinum, and Xcel Energy rely on Meridium for enterprise wide asset performance. Meridium is headquartered in Roanoke, VA, USA, with regional offices in Houston, TX, USA; Dubai, UAE; Walldorf, Germany; and Perth, Australia. www.meridium.com
About PIA Group
PIA Sdn Bhd are part of the QAF Oilfield Services Sdn Bhd Group and provide advanced Asset Integrity Management Services including RBI RCM FMEA and CMMS integration capabilities that value add QAF’s extensive on stream inspection services and capabilities. The PIA Group was established to meet the growing demands of former clients who, whilst acknowledging technological developments within their own high-value industries, noted a lack of similar advances available from plant integrity suppliers to enable them to maximize their performance by minimizing downtime, mitigating shutdowns, optimizing ongoing maintenance and essential forward planning. PIA meets those needs by providing a unique set of asset integrity management services and skills to industries which include the oil, gas, marine, petrochemical and power generation industries. PIA’s services are a synergy of state-of-the-art software solutions and data housing services, combined with highly trained and qualified personnel with comprehensive field experience.
QAF Oilfield Services Sdn Bhd currently provides on-stream inspection, advanced inspection, Non Destructive Testing (NDT) rope access and other skilled engineering services to Brunei Shell Petroleum (BSP) under the existing integrated inspection contract. QAF and PIA are ISO 9001- 14001 – 17020 accredited including OSHA 18001 H&S MS certification.
SOURCE: Meridium Inc.
CONTACT: Jane Bailey,
Meridium,
+1-540-344-9205, Ext. 1170,
jbailey@meridium.com
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