ROANOKE, Va., Feb. 25, 2014 /PRNewswire/ -- Meridium®Inc., a global leader in asset performance management (APM) software and services, today announced that Meridium Reliability-Based Asset Management for SAP® Solutions is now an SAP-endorsed business solution. The solution allows review of cost versus retentive risk of each maintenance strategy and works together with the SAP Enterprise Asset Management (SAP EAM) solution to optimize these strategies.
Meridium Reliability-Based Asset Management for SAP Solutions facilitates a standardized, interactive, risk-based approach that helps identify asset risk, proactively manage critical assets, and illuminate enterprise vulnerabilities to unplanned downtime.
According to Joe Nichols, VP Product Strategy, Meridium, "Meridium Reliability-Based Asset Management for SAP Solutions helps assure customers that their highest-risk assets have proactive mitigation plans to eliminate surprises. The solution can enable them to redirect resources from low-value activities that detract from the optimal efficiency of the business."
Solutions endorsed by SAP are complementary to SAP software offerings, have been integrated with SAP solutions and tested by SAP, and provide additional choices and flexibility for businesses running SAP software. SAP-endorsed business solutions are offered by SAP partners.
"By endorsing solutions such as Meridium Reliability-Based Asset Management for SAP Solutions, SAP continues to build its ecosystem, support our customers' businesses, drive new levels of collaboration, and provide additional choices and flexibility to our customers," said Dr. Achim Kruger, vice president, Operational Excellence Solutions, SAP AG. "We anticipate that companies using Meridium Reliability-Based Asset Management for SAP Solutions together with SAP EAM will be able to improve efficiencies and employee productivity, thus accelerating delivery of innovative products to market while helping to lower total cost of ownership."
About Meridium
Meridium was founded in 1993 to help asset-intensive companies improve the health and performance of their assets, and pioneered the vision, software and technology to help them achieve this with the introduction of Asset Performance Management (APM). Today, Meridium serves over 170 market-leading companies in seven different languages with over 1,000 licensed sites in more than 70 countries globally. www.meridium.com
SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.
SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
For More Information Contact: Kay Goulding, kgoulding@meridium.com
SOURCE Meridium
