Brightly named an industry leader in new report

Asset management solutions specialist Brightly has been named an industry leader in a new report.

The company has been recognised as a leader in asset investment planning (AIP) software in the Verdantix Green Quadrant: Asset Investment Planning Software 2023 report.

In the report, Brightly is acknowledged for delivering advanced, all-around AIP software capabilities to the global market, including strengths in user interfaces, asset performance modelling and long-term investment planning capabilities. 

The report also acknowledges Brightly’s momentum in financial resources, organisational resources, vision and commercial strategy, and partnerships.

Brightly recently celebrated the one-year mark since its acquisition by Siemens Smart Infrastructure (SI).

Together with Siemens, Brightly continues to invest in its portfolio of asset and energy management solutions and AIP software to support organizations in making smarter, data-driven decisions to improve asset outcomes.  

Kevin Kemmerer, chief executive officer at Brightly, said: “As organizations face economic pressures and a heightened emphasis on ESG, capital planning and operational efficiency remain critical for organizations to make strategic decisions about asset management, maintenance and capital investment. 

“Efficiency is everything, and with our ability to predict asset performance over 1-100 years with non-linear optimizations and industry-specific deteriorations patterns, we’re supporting organizations in making optimal short and long-term investment planning decisions.

“Being recognized as a leader is validation of our mission to lead the way to a bright future.”

The Verdantix Green Quadrant report analyses prominent AIP vendors in the market and surveys corporate users and operational efficiency decision-makers. 

The analysis outlines key industry trends driving growth in the AIP space, including aging assets and the greater integration of KPIs within operational strategies and benefits such as improved decision-making, reduced risk, compliance with regulations and access to climate risk analysis.

Based on market momentum and product capabilities within the Green Quadrant, Brightly earned a top position in the Leaders’ Quadrant.

The report identified four standout firms – as well as Brightly, other companies demonstrating the most advanced and comprehensive AIP software capabilities were Arcadis Gen, Copperleaf and DIREXYON.

Kiran Darmasseelane, senior analyst, operational excellence at Verdantix, said: “Brightly Software, as a leader in the market, is well positioned to deliver a strong AIP offering with visual what-if scenario modelling for custom long-term investment plans, test funding scenarios and manage budgets.”