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Success stories
asset55 Delivering immense value for clients with a growing portfolio of digital solutions
Les Bartlett, Global Development Lead
How is asset55 thriving? Building up its reputation as a digital solutions specialist in the energy industry, largely thanks to its market leading flange management software Calculate, asset55 has kicked on since 2018, expanding significantly through the introduction of three additional platforms. With its product portfolio now also comprising of Operate (optimal planning and controlled execution in operation), Execute (optimal planning and controlled execution of capital projects) and Validate (automated validation to secure data integrity), the firm has doubled its users and demonstrated a proven ability to keep on delivering value with these new solutions. The challenge More than 10 years ago, Robert Noble, a pioneer in flange management with torque wrench manufacturer, Hedley Purvis, and Mike Rudd, who was Managing Director, identified an opportunity. With 60 years’ experience between them, the pair saw the industry was on precipice of immense change. Operators were looking for ways to move away from outdated spreadsheet-based processes and unlock efficiencies by embracing cutting-edge, industry-tailored digital solutions. To capitalise on this shift, the pair set up asset55 – a software technology engineering company specialising in the development of solutions for the energy sector,
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EIC Survive and Thrive
with significant focus on operational systems, consultancy management and engineering support for CAPEX and OPEX projects. With the help of an experienced team of software development experts, the company launched in late 2012 and after two years of development, in 2014, Calculate was born. A highly successful product, the firm has managed to secure business from three quarters of UK energy operators, with Calculate also established as a flange management software solution of choice. However, despite the successes of its primary product, the founders knew that they couldn’t afford to sit still and solely rely on one solution alone. Resultantly, the decision was taken to kick on and develop new software solutions to diversify and consolidate its position in the market. The solution This decision came to fruition in 2018 as asset55 began to expand its portfolio of software platforms from one to four, the firm launching three further key products in the five ensuing years. Execute was the first of these – a solution specifically designed to optimise planning and controlled execution in operation, launched in 2018. Come 2021, Operate was then added to the collection – a solution designed to optimise operations including shutdown and turnaround projects. And in 2022, Validate was rolled out – a capital project engineering platform with data validation capabilities. Significant efforts went into developing each of these solutions to ensure they were addressing the unique requirements of the market. To achieve this, asset55 brought in industry subject matter experts and
2023