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ServicePower announces New Strategic Partnership with Concirrus

RNS Reach
 
13 May 2015
 
 ServicePower Technologies Plc
(“ServicePower” or the “Company”)
 
 
Partnership will Create Unique, Connected Field Service Platform for the Insurance Industry and Beyond
 

ServicePower Technologies Plc (AIM: SVR), a market leader in field service management technology, today announced that it has signed a strategic partnership with Concirrus Ltd., a leading Internet of Things (IoT) solution provider.Concirrus, named as a top 10 PAAS (platform as a service) UK company by Cloudscape, and as a Cool Vendor in the Internet of Things 2015 by Gartner, is a leader in the IoT market. Its unique cloud-based Connect platform enables customers to gather and analyse IoT data and use it to improve, disrupt and create innovative businesses and processes.

The partnership creates one of the first to market cloud-based IoT solutions for the insurance sector. Data is collected by the Concirrus IoT platform, where it is instantly analysed and issues identified. These are then reported to the ServicePower’s industry leading field service management software which simultaneously schedules an appointment for the insurance adjuster, re-optimising the daily schedule appropriately. The software simultaneously sends the adjuster a detailed report to a hand held device enabling him or her to quickly respond and arrive fully prepared.

Andrew Yeoman, Chief Executive Officer, Concirrus, stated “The Concirrus IoT platform is unique to the industry. We provide a complete cloud-based solution to our clients which removes the complexity of IoT and delivers it as a simple service. ServicePower provides us with the last critical step in providing an end to end solution for businesses, particularly in the insurance sector which is adopting IoT and machine to machine (M2M) technologies at a growing pace, to improve efficiency and reduce fraud. ServicePower’s solutions provide the optimised routing capable of handling intra-day changes and complex skills sets, combined with the ability to send schedules and reports generated by our platform.” 

Marne Martin, CEO, ServicePower, stated “This is an exciting strategic partnership for ServicePower which further validates our growth strategy, integrating our technology with those of an innovative vendor partner to extend our functional capabilities, as well as enhance global sales and execution. Adding IoT capabilities to the optimised routing and mobile dispatch services that ServicePower’s clients have enjoyed for over a decade will enable them to take their own service delivery to exciting new levels of customer service. Moreover, the combined technology can extend to industries beyond the insurance sector, creating further future value for our shareholders.” 

For further information, please contact: 

ServicePower Technologies Plc

FinnCap

Newgate Threadneedle

Tel: 0161 476 7762

Tel: 0207 220 0500

Tel: 020 7653 9850

Marne Martin, CEO

Stuart Andrews

Adam Lloyd

Tajinder Sandhu, CFO

Charlotte Stranner

Jasper Randall

 

About ServicePower

ServicePower, the acknowledged leader in Optimization Technology, provides an innovative global, fully mobilized field service management software platform used by field service organizations such as Mitsubishi, Farmers Insurance, AIG Warranty and Pitney Bowes to improve productivity and efficiency, intelligently schedule appointments, SLA and complex jobs, as well as parts.  Our platform focuses on solving fundamental field service problems with patented routing optimization, M2M connected services, 3rd party dispatch and warranty claim payments, cutting edge mobile technology, robust business intelligence and asset tracking.

ServicePower is listed on the AIM market of the London Stock Exchange with the ticker SVR.L. For more information please visit www.servicepower.com

 

 

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