LMI acquired predictive analytics platform provider Clockwork Solutions to expand its advanced analytics service offerings and invest in asset performance management capabilities.
The terms of purchase are not disclosed, but LMI was looking to acquire a company with expertise in predictive analytics as part of its growth strategy. The services of Texas-based Clockwork Solutions are used to optimize the performance, utilization and return on investment of company assets, and the company’s core values ââand culture were closely aligned with those of LMI. .
âLMI brings innovative solutions to solve the government’s toughest challenges, including providing affordable combatant preparation,â said David Zolet, President and CEO of LMI. âWe are particularly excited to expand our presence in Austin, Texas, bringing us closer to both our critical customers and the vibrant innovation ecosystem there. “
The acquisition of Clockwork Solutions also allows LMI to expand its predictive maintenance offerings so its customers can get the most out of their critical equipment, according to Josh Wilson, vice president of LMI’s Advanced Analytics service line.
And it was a perfect next step for the employees and customers of Clockwork Solutions, said company CEO Will King.
“By joining the LMI team, our employees will benefit from expanded professional growth opportunities, and our clients will have access to a range of expertise, tools and technologies to help them meet their business needs in predictive analytics.” , King said.
Earlier this year, LMI also acquired government contracting company The Tauri Group, expanding its national defense and homeland security offerings as part of its growth strategy in defense, preparedness, emerging technologies and life sciences.