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Remsoft and MOSEK Partner to Speed Customers to Asset Optimization Success

January 5th, 2011

MOSEK’s Mathematical Optimization Software Now Bundled With Remsoft’s Analytics Solutions, Streamlining Asset Management and Utilization

FREDERICTON, New Brunswick – January 5, 2011 –
Remsoft, the world’s leading provider of asset lifecycle optimization solutions for land-based and infrastructure assets, today announced that it has entered into a formal partnership with mathematical optimization company MOSEK.  Under the terms of the agreement, Remsoft will bundle MOSEK’s mathematical optimization software with its suite of analytics solutions, making it even easier for clients to quickly realize the true value that asset optimization can bring to their organizations.

MOSEK’s solvers are well-known throughout the asset optimization industry and have long been a favorite choice of Remsoft customers with large-scale mathematical problems.  Through the partnership announced today, customers no longer need to purchase two separate solutions, work with two separate companies or contact two separate technical support teams. 

“We have been using Remsoft with the MOSEK solver for our modeling of Victoria’s native forest timber resources for a number of years,” said Mike Sutton, Senior Project Officer in the Implementation Program Office, Department of Sustainability and Environment for the Government of Victoria, Australia.  “Bundling these products together will be a great benefit to the way models are developed and run.”

By bundeling MOSEK’s solvers in its asset management software, Remsoft customers will now have one seamless advanced analytics and optimization solution—and will deal directly with the tech support team at Remsoft for any questions that arise during implementation or in the normal use of the installed product.

“Joint Remsoft-MOSEK customers have a history of successfully using our technologies to understand and better manage their assets,” said Andrea Feunekes, co-founder and co-CEO of Remsoft.  “With today’s announcement, we are removing a layer of unneeded complexity for customers and creating a streamlined path to optimization success.”

Remsoft’s asset lifecycle optimization solutions empower executives to maximize the performance and value of land-based and infrastructure assets.  For 20 years, the company’s advanced analytics, modeling and spatial planning technology has given customers the information needed to simplify complex decisions and establish long-term asset sustainability, while ensuring that all business and regulatory constraints are met. 

“Our customers have benefitted from a joint Remsoft-MOSEK solution for a long time, so formalizing the agreement and making it a seamless process for them makes a great deal of sense,” added Erling D. Andersen, MOSEK’s co-founder and CEO.  “In today’s economy, it is more important than ever for organizations in every field to understand their assets—and know how to optimize them to the fullest—stretching their limited funds and resources to benefit all.”

About MOSEK - To learn more about MOSEK, please visit: www.mosek.com

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Media Contact:
Sandi MacKinnon
+1 506 450 1511

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