RedZone Robotics Acquires ICOMMM
RedZone Robotics Inc., an industry leader in the field of wastewater inspection technologies, and ICOMMM Inc., an innovative provider of wastewater asset management decision support systems, announced Aug. 4 that the companies have signed a definitive agreement under which RedZone Robotics has acquired privately held ICOMMM, based in San Ramon, Calif.
“People who own or manage wastewater infrastructure have a difficult job and are frequently in reactive modes of operation. They are responsible for an abundance of valuable, buried infrastructure that is difficult to assess. Additionally, their strategic planning is constrained by limited time, people, budget and technologies. By combining the RedZone’s world-class inspection technologies with the industry’s leading decision support system from ICOMMM, we can deliver the most useful information required for true asset management, which should, in turn, allow asset managers to become more proactive in their approach and save a significant amount of money,” said RedZone Robotics president and CEO Eric Close.
ICOMMM president and CEO Steve Line added, “There are substantial long-term strategic customer advantages in combining the products of these two companies. RedZone compiles the most accurate and complete inspection data with their robotic solutions and our systems are designed to take that information and facilitate critical asset management processes. These include condition and criticality assessments, order generation, and bid package management all through an integrated geographical information system (GIS). The combination of our two companies addresses a constant technical challenge that municipal infrastructure managers face when integrating critical asset information. Our combined solutions will reduce the costs of managing infrastructure with fewer disruptions. All of the benefits are enabled without the traditionally burdensome compatibility, cost and resource requirements of similar solutions.
Terms of the transaction were not disclosed.
