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Mission Critical Group’s JTS Expands Footprint with Acquisition of SST, Strengthening Data Center Production Capabilities

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MCKINNEY, Texas, Oct. 1, 2024 /PRNewswire/ — Mission Critical Group (MCG), a leading provider of innovative solutions for critical power challenges, specializing in development, manufacturing, delivery and service, today announced that JTS, a Mission Critical Group Company and manufacturer of generator/electrical equipment enclosures and modular power systems, has acquired the assets of Superior Systems & Technologies (SST). The acquisition of SST’s Abilene, Texas facility expands JTS’ production capacity and footprint in the Lone Star State.

This strategic move will accelerate MCG’s growth by meeting the rising demand for high-capacity data center infrastructure. With a new JTS site underway in Idaho and SST’s facility, MCG will enhance nationwide service with faster response times, increased capacity, and better access to critical data center markets in Texas and beyond. These expanded facilities also strengthen MCG’s power solutions, delivering more efficient and resilient infrastructure to mission critical customers.

“Our acquisition of SST is a significant milestone for JTS and Mission Critical Group,” said Jeff Drees, CEO of Mission Critical Group. “This expansion strengthens JTS’ manufacturing capabilities and strategically positions us in Texas, a key growth region in the U.S. With the addition of SST, we are extending our reach to solve critical power challenges for customers.”

SST is MCG’s second acquisition this year and the fourth in two years. The terms of the SST transaction remain undisclosed.

For more information, visit www.missioncriticalgroup.com.

About Mission Critical Group

Mission Critical Group (MCG) develops, manufactures, delivers and services innovative solutions to solve our customers’ critical power challenges. MCG offers packaged power solutions and products, leveraging over 650 employees with 200+ years of combined mission critical staff leadership experience. Operating across 700,000+ square feet of manufacturing space, MCG is ready to effectively meet evolving industry demands. MCG Companies include Mission Critical Facilities International (MCFI), JTS and Point Eight Power. For more information, please visit www.missioncriticalgroup.com.

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LPL Solar Welcomes Lewis Newton to the Leadership Team

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Lewis joins LPL Solar as Vice President of Accounting

FORT LAUDERDALE, Fla., Oct. 1, 2024 /PRNewswire/ — LPL Solar LLC is pleased to announce the appointment of Lewis Newton to its Leadership Team. With extensive experience in construction financials, Lewis has ensured the accuracy of financial reporting across numerous projects while leading financial analysis initiatives that optimized cost management and improved project profitability. Before joining LPL Solar, he served as Operations Controller for Moss and Associates, LLC, where he implemented innovative solutions that streamlined financial processes, enhanced his teams’ strategic decision-making, and fueled company growth.

Lewis joins LPL Solar as Vice President of Accounting

“We are thrilled to welcome Lewis to our team,” says Mike Little, president of LPL Solar. “We are committed to continually improving our processes and maximizing efficiency while delivering sustainable energy solutions. Lewis’s experience and expertise align perfectly with our vision, and we are eager to leverage his many skills to drive innovation and improvement within our organization.”

Lewis’s dedication to innovation and analytical precision, combined with his knowledge of integrating technological solutions, will be pivotal in advancing LPL Solar’s mission to provide cleaner, more sustainable energy solutions.

About LPL Solar LLC
LPL Solar LLC is a distinguished leader in the construction of utility-scale solar plants, renowned for its unwavering commitment to excellence and sustainability. With a strong emphasis on self-perform capabilities, LPL Solar caters to a diverse clientele, including utility companies and independent power producers. The company offers comprehensive Engineering, Procurement, and Construction (EPC) services, covering a broad spectrum of energy infrastructure, including PV Plants, Substations, Switchyards, and cutting-edge Battery Energy Storage Systems (BESS). Learn more at www.LPLSolar.com

For media inquiries or further information, please contact:
LPL Solar | Shelby Morris, Director of Marketing
Phone: 954-868-1863 | Email: smorris@lplsolar.com

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SOURCE LPL Solar LLC

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Asset Performance Management Market worth $3.19 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 1, 2024 /PRNewswire/ — The Asset Performance Management Market is expected to grow from USD 1.91 billion in 2024 to USD 3.19 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period, according to a new report by MarketsandMarkets™.  A need for optimizing cost efficiency will boost the growth of the Asset Performance Management Market during the forecast period.

Browse in-depth TOC on “Asset Performance Management Market”

280 – Tables
55 – Figures
300 – Pages

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Scope of the Report

Report Metrics

Details

Market Size Available For Years

2019–2029

Base Year Considered

2023

Forecast Period

2024–2029

Forecast Units

Value (USD Billion)

Segments Covered

Offering, Asset Type, Deployment Type, Organization Size, Vertical

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies Covered

ABB (Switzerland), GE Vernova (US), AVEVA (UK), IBM (US), SAP (Germany), Emerson (US), Bentley Systems (US), Rockwell Automation (US),  DNV (US), Fluke (US), Siemens Energy (Germany), Oracle (US), Yokogawa (Japan), SAS (US), Arms Reliablity (Australia), Synopsys (US), Honeywell (US), Prometheus Group (US), Hexagon (Sweden), Nexus Global (US), Detechtion Technologies (US), IPS Intelligent Process Solutions (Germany), Plasma (US), Tenna (US), Uptake (US), UpKeep (US), Shoreline AI(US), MentorAPM (US), Fracttal (Spain), MicroAI (US), VROC (Australia), Opetational Sustainability (US), Qualer (US), and MaintainX (US).

By deployment type, the cloud segment will grow at the highest CAGR during the forecast period.

The penetration of cloud deployment in the asset performance management (APM) market is anticipated to witness the fastest growth in the rate of compound annual growth (CAGR) during the projected years because of the improvements in scalability, cost, and reach of these systems. Businesses have adopted such solutions mainly because of advanced analytics, real-time monitoring, and collaboration, which can be integrated to improve decision-making and productivity. The shift towards digital transformation and the growing adoption of Internet of Things (IoT) technologies further drive the demand for cloud-based APM solutions. As organizations seek to enhance asset utilization and reduce downtime, cloud deployment offers a flexible and innovative approach to managing assets effectively.

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The solutions segment will hold the largest market share in 2024 by offering.

In the asset performance management (APM) market, the solutions segment is projected to hold the largest market share during the forecast period. This is because many organizations seek ways to enhance productivity, minimize idleness, and use their assets best. Advanced analytics, reliability-centered maintenance, the scent of the Internet of Things, and total device monitoring provide valuable intelligence about assets’ health and performance. Therefore, organizations are purchasing more APM approaches to facilitate better planning, encourage predictive maintenance, and reduce operational expenses. This highlights the essential role of technology in transforming asset management strategies across various industries.

Based on region, the Asia Pacific region will grow at the highest CAGR during the forecast period.

The Asia Pacific region is set to grow at the highest compound annual growth rate (CAGR) in the asset performance management (APM) market during the forecast period, driven by its status as a significant digital hub and rapid adoption of cloud technology. With public cloud spending in major economies such as China, Japan, Australia, Singapore, India, and Indonesia increasing, businesses are recognizing digital transformation’s vital role in enhancing operational efficiency—the urgency of cloud access, which the COVID-19 pandemic has intensified. Providing significant opportunities for APM suppliers, industries such as manufacturing, energy, transportation, and chemicals are embracing advanced technologies such as AI, IIoT, and analytics. This partially addresses the need for APM solutions. A national framework has also been developed to realize Industry 4.0 to increase productivity and economic resilience post-pandemic. These policies are necessary for the proper infrastructural strategy that promotes the adoption of connecting technologies such as machine learning and digital twins. The APM market is expected to expand significantly as the region adopts cloud-based strategies and intelligent manufacturing practices. This is driven by a focus on asset optimization and sector leveraging.

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Top Key Companies in Asset Performance Management Market:

Some of the key players operating in the Asset Performance Management Market are –ABB (Switzerland), GE Vernova (US), AVEVA (UK), IBM (US),  SAP (Germany), Rockwell Automation (US), Emerson (US), Bentley Systems (US), DNV (US), Fluke (US), Siemens Energy (Germany), Oracle (US), Yokogawa (Japan), SAS (US), Arms Reliability (Australia), Synopsys (US), Honeywell (US), Prometheus Group (US), Hexagon (Sweden), Nexus Global (US), Detection Technologies (US), IPS Intelligent Process Solutions (Germany), Plasma (US), Tenna (US), Uptake (US), UpKeep (US), ShorelineAi (US), MentorAPM (US), Fractal (Spain), MicroAI (US), VROC (Australia), Operational Sustainability (US), Qualer (US), and MaintainX (US).

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

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Application Modernization Services Market – Global Forecast to 2029

Fintech as a Service Market – Global Forecast to 2029

Software Asset Management Market – Global Forecast to 2029

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Mass Notification System Market – Global Forecast to 2029

Get access to the latest updates on Asset Performance Management Companies and Asset Performance Management Industry 

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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VMRay Welcomes Thomas Weiss as Chief Revenue Officer to Drive Global Growth

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VMRay, a global leader in advanced threat detection and malware analysis, is thrilled to announce the appointment of Thomas Weiss as Chief Revenue Officer (CRO).

BOCHUM, Germany, Oct. 1, 2024 /PRNewswire-PRWeb/ — In this pivotal role, Thomas will spearhead VMRay’s global sales and marketing efforts, driving sustainable growth and revenue generation as the company continues to expand its footprint in the cybersecurity space. His leadership will be critical as VMRay seeks to capitalize on its success in delivering the best-of-breed solutions for cybersecurity teams facing unknown, evasive, and targeted threats.

His competence and leadership come at a pivotal time as we continue to reinvent sandboxing for the digital threats of today and tomorrow.

Thomas Weiss brings more than 20 years of industry experience, with a proven track record of increasing market share, revenue, and profitability in cybersecurity and technology sectors. With deep expertise across key cybersecurity segments, including advanced threats, Weiss is poised to enhance VMRay’s market position as a trusted partner for the most demanding security teams in the world.

“We’re delighted to welcome Thomas to the VMRay team,” said Dr. Carsten Willems, CEO of VMRay. “His competence and leadership come at a pivotal time as we continue to reinvent sandboxing for the digital threats of today and tomorrow. With a wealth of experience in growing revenues and market share globally, Thomas is uniquely positioned to help drive the next phase of our growth.”

“I’m excited to join VMRay, a company that not only sets the standard for innovation but also embodies a relentless commitment to excellence,” said Thomas Weiss. “VMRay’s unique focus on detecting and analyzing unknown and evasive threats sets it apart from the competition. I look forward to driving the company’s global growth, delivering even greater value to our customers, and supporting VMRay’s mission to protect the world from undetectable digital threats. I am energized by the opportunity in front of us at VMRay and look forward to partnering with our customers and the VMRay-Team, as we embark on our next phase of growth.”

Thomas’ career highlights include delivering outstanding business results at companies ranging from startups to public entities with hundreds of millions in revenue. His deep market knowledge spans EMEA, Asia Pacific, and the U.S., making him an ideal fit to lead VMRay’s continued global expansion.

With Thomas at the helm of its commercial operations, VMRay aims at accelerating its growth trajectory, leveraging its position as the best solution in its class to help security teams stay ahead of the evolving and emerging malware and phishing threats.

For more information, please visit vmray.com

About VMRay:

At VMRay, our purpose is to liberate the world from undetectable digital threats. Led by reputable cyber security pioneers, we develop best-of-breed technologies to detect and analyze unknown, evasive, and sophisticated threats that others miss.

We empower organizations to accelerate analysis and response, automate security tasks, and build their own threat intelligence by providing the world’s best detection and analysis platform for malware and phishing threats.

Media Contact

Fatih Cam, VMRay, 49 17629218887, fcam@vmray.com, vmray.com

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SOURCE VMRay

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