RedZone acquires ICOMMM, creates technology bundle aimed at preserving aging wastewater infrastructure
PITTSBURGH, PA, Aug. 4, 2009 -- RedZone® Robotics Inc., provider of wastewater inspection technologies, has acquired privately held ICOMMM Inc., a provider of wastewater asset management decision support systems based in San Ramon, CA...
PITTSBURGH, PA, Aug. 4, 2009 -- RedZone® Robotics Inc., an industry leader in the field of wastewater inspection technologies and ICOMMM Inc., an innovative provider of wastewater asset management decision support systems, today announced that the companies have signed a definitive agreement under which RedZone Robotics has acquired privately held ICOMMM (based in San Ramon, CA).
Wastewater asset management is of critical environmental importance. Reliable and efficient information management is the key to optimizing maintenance, repair, refurbishment, and replacement decisions for wastewater assets. Problems arising from the aging state of the world's wastewater infrastructure are compounded by the fact that the information currently available to asset managers is often insufficient. An additional concern is the limited accessibility of this information which typically resides in multiple, disparate systems.
"People who own or manage wastewater infrastructure have a difficult job and are frequently in reactive modes of operation. They are responsible for an abundance of valuable, buried infrastructure that is difficult to assess. Additionally, their strategic planning is constrained by limited time, people, budget and technologies. By combining the RedZone's world class inspection technologies with the industry's leading decision support system from ICOMMM, we can deliver the most useful information required for true asset management, which should, in turn, allow asset managers to become more proactive in their approach and save a significant amount of money." said RedZone Robotics President and CEO Eric Close.
Steve Line, ICOMMM President and CEO added, "There are substantial long-term strategic customer advantages in combining the products of these two companies. RedZone compiles the most accurate and complete inspection data with their robotic solutions and our systems are designed to take that information and facilitate critical asset management processes. These include condition and criticality assessments, order generation, and bid package management all through an integrated Geographical Information System (GIS). The combination of our two companies addresses a constant technical challenge that municipal infrastructure managers face when integrating critical asset information. Our combined solutions will reduce the costs of managing infrastructure with fewer disruptions. All of the benefits are enabled without the traditionally burdensome compatibility, cost and resource requirements of similar solutions."
Terms of the transaction were not disclosed.
About ICOMMM Inc.
ICOMMM provides the ICOM3- DSS™ infrastructure decision support software via a model that brings together all available facets of collection system information into a single source. This, in turn, enables comprehensive analysis, procedure enforcement and effective decision making. ICOM3-DSS™ provides a fully integrated toolset that brings together all collection system data into a single source and provides the tools necessary to perform integrated analysis of your system so that you always make the right decision at the right time.
About RedZone Robotics Inc.
RedZone Robotics Inc. is a premier information provider for underground wastewater infrastructure. RedZone provides leading edge inspection capabilities and customized reports that empower wastewater asset managers and their partners to verify construction activities or determine where to clean, dig, or rehabilitate aged assets. Their powerful robotic platforms reach inaccessible pipe locations and maximize inspection efficiency, all leading the end-goal of providing useful information.