The combined solution will enable utilities to target
recovery efforts using Urbint's AI-powered risk intelligence
technology.
MIAMI, June 19,
2024 /PRNewswire/ -- Urbint, the leading AI platform
for identifying and stopping threats to workers and critical
infrastructure, announced the acquisition of WRM Software, a
top utility incident management and storm response company. This
acquisition expands Urbint's platform to include storm response,
further cementing the company's position as the premier provider of
operational risk mitigation solutions to the energy and critical
infrastructure sectors.
"As storms become more frequent and extreme, utilities face
unprecedented challenges keeping the power on," said Corey Capasso, Founder and CEO of Urbint. "It's
more important than ever for utilities to prioritize and streamline
their storm response efforts based on an accurate picture of risk
and available resources. Combining Urbint's AI capabilities with
WRM's incident management applications will give utilities the
ability to restore power faster during major weather events."
"For years, major utilities have relied on WRM to manage the
overwhelming safety, reliability, and logistical challenges of
responding to severe weather events," said Richard Addotta, CEO of WRM Software. "Joining
forces with Urbint allows us to scale our solutions to even more
utilities, and enables us to provide an enhanced offering for
managing end-to-end storm response."
According to the National Oceanic and Atmospheric
Administration, the number of billion-dollar natural disasters in
the United States increased 190%
from the 2000s to the 2010s, and there have been 102 billion-dollar disasters in the last 5 years
alone.
By coming together, Urbint and WRM aim to transform the way
utilities respond to severe weather events. WRM is now a
wholly-owned subsidiary of Urbint.
Tom Kuhn, the former President
and CEO of the Edison Electric Institute, added: "When a natural
disaster strikes, utilities are inundated with infrastructure
damage and outages. Even with the influx of out-of-state crews
through mutual assistance, the extent of urgent work that needs to
be done is staggering. This combined offering will be a
game-changer for the industry."
About Urbint:
Urbint uses AI and the latest
industry science to identify threats to workers and infrastructure
to stop safety incidents before they happen. Urbint surfaces risk
at the point of work, enabling energy and infrastructure companies
to prevent worker injuries and asset damages. Many of the largest
energy and infrastructure companies in North America trust Urbint to protect workers,
assets, communities, and the environment. Learn more at
urbint.com.
About WRM Software:
WRM is a software development
company focused on improving business processes through innovative
applications. Our Storm Manager & Ops Manager applications are
designed to be easy-to-use and connect field and office operations
seamlessly. WRM's software platforms ensure everyone has access to
the latest information at all times.
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SOURCE Urbint