BPD Zenith, a global asset management solutions provider, has today announced the acquisition of managed cloud and mobility-focused enterprise asset management (EAM) specialist, Peacock Engineering Limited.
Peacock Engineering
The acquisition of Peacock Engineering, a gold partner of IBM and IFS, will further strengthen BPD Zenith’s position as a global leader in the delivery of asset management technologies, which includes Peacock Engineering’s mobility solution, Fingertip.
The origins of Fingertip
Fingertip, which was first developed by Peacock Engineering’s technical team in 2016, provides a real time data link for asset driven organisations, extending IBM’s flagship EAM solution Maximo® into the field to any site, any location and any asset. This transforms a field team’s productivity, enables companies to benefit from better asset visibility, and improves process compliance.
The 100% sale of Peacock Engineering to BPD Zenith includes all assets and intellectual property. His 75-person team in technical support, support and sales will also join the BPD Zenith team. Alan Cambridge and Roger Walker will retain their new positions at the Group as Strategy Group Heads and Innovation Group Heads.
Peacock Engineering was founded in 2009 by co-founders Alan Cambridge, Roger Walker and Mike Knapp. We provide EAM solutions for the defence, energy, utilities, manufacturing, life sciences and transportation industries. The company boasts over 8,000 customer users currently using the solution and has over one million assets under customer management. Peacock Engineering has experienced impressive growth in recent years, with the team growing 20% in the last 12 months alone. This growth is driven by a series of new large customer accounts and the company’s opening of a second technology centre in Pune, India. Peacock Engineering also has offices in Bangalore, UK offices in Bristol and Leeds, and headquarters in Little Chalfont, Amersham, Buckinghamshire.
BPD Zenith, an IBM Platinum Partner, is a leading global provider of EAM solutions for resource-intensive organizations worldwide. First registered in 1994, it currently has offices in the UK, Canada, USA, Australia, New Zealand, Singapore, Hong Kong and Malaysia.
Alan’s comments on the deal
Speaking on the acquisition, Peacock Engineering’s Alan Cambridge said: “We’re delighted to be joining BPD Zenith. BPD Zenith is a company with a rich history in the sector. Sharing very similar values to ourselves, it prides itself on the best-in-class delivery of bespoke, innovative asset management solutions that help customers both improve their operational performance and realise greater value from their EAM investment.
“By joining BPD Zenith, it will enable the Peacock Engineering team to deliver our solutions, in particular Fingertip, and additionally other IP, to a wider global audience, helping our existing and new customers to make better informed data driven decisions.”
Alan added: “Fingertip is a game-changer for asset management, and we believe that it has the potential to revolutionise the way that assets are managed. We are confident that BPD Zenith is the right partner to help us achieve our vision.”
BPD Zenith CEO on the deal
“We are excited to welcome the Peacock Engineering team to BPD Zenith,” said Oliver Garthwaite, CEO of BPD Zenith. “Peacock Engineering is a respected name in the asset management industry, and their expertise in software development and implementation, including Fingertip, will be a valuable addition to our team. This acquisition will help us to accelerate our growth and better serve our customers.”
More news on asset management and financial service providers:
Klaus Schuster elected as ED and CEO, EMEA of Fiera Capital
Andrew Terry hired as Managing Director of ACORE Capital
Waverly Advisors acquires Silicon Hills Wealth Management
SecuX and Trend Micro partner to launch Cold Wallet
