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Hussmann acquires assets of SaaS provider

USA: Commercial refrigeration company Hussmann has acquired certain monitoring and anaylsis software assets from Exxeno LLC of Portland, Oregon.

The assets acquired will provide cloud-based Software-as-a-Service (SaaS) monitoring and analysis solutions to reduce the total cost of operating commercial refrigeration systems. 

Hussmann CEO, Tim Figge, insisted that the acquisition will assist retailers in reducing their overall maintenance and energy spend via data driven solutions and the connected store. 

The SaaS solution acquired is said to provide big economic benefits in terms of predictive maintenance, condition-based preventative maintenance and energy savings for the customer. It assists food retailers with lowering energy consumption, monitoring and improving overall systems health, predicting component failures, and improving service levels to the customer. 

“This addition allows us to go from a break-fix mentality to a predictive one that extends value to our customers and to Hussmann as we all know the challenges around technician labour,” said Jay Welu, Hussmann senior vice president for retail services. 

“Our goal is to reduce the overall expense to the retailer, year-after-year, through optimal operations and reduced maintenance. 

“We have evaluated many solutions in this IoT arena, and this software is the first solution that we have seen that is actually executing on the strategy of predictive failures and moving towards condition-based maintenance.”

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