IBM Releases Version 7.1 of Maximo Asset Management

Latest version features increased support for linear assets

IBM last week released version 7.1 of its Maximo Asset Management product that includes increased support for linear assets as well as greater capabilities for lifecycle and maintenance management.

This latest version was designed to be particularly beneficial for industries that "deal with the requirement to manage critical assets that are part of a distributed system," such as the railroad and utility industries, the company said in a press release.

Through a single SOA platform, users are able to automate the management of different assets, reducing the need to have multiple asset management systems.

Version 7.1 also includes new reporting, work-order tracking, and work management capabilities. It features a new user interface that is easily configurable "with no special training," the company said, as well as compliance and risk management tools.

"With this latest release ... IBM is building on the legacy of Maximo and it's commitment to the EAM [enterprise asset management] market," said Bill Sawyer, vice president of Maximo operations for IBM Tivoli, in a prepared statement. "The additional IBM resources, in the form of developers, software engineers and industry experts, which were able to add to the Maximo 7.1 development effort meant delivering to our customers a more comprehensive offering."

Maximo Asset Management Essentials, a leaner, less feature-filled version of the product designed for "smaller implementations," is also available. Go to for more information.

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