Urbint Acquires WRM Software

Source: www.gulfoilandgas.com 6/19/2024, Location: North America

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."


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