Vancouver, BC – June 14, 2010, – Axia Software, a leading provider of Asset Investment Planning solutions, today announced that it will be demonstrating the proven ROI of its REVEAL™ Asset Investment Planning (AIP) software solution at the EEI Annual Convention and Expo in Hollywood, Florida, June 13 – 16, 2010. Attendees can visit Axia at Booth Number 318 at the EEI.
REVEAL is the industry’s first AIP software solution. Both Sempra Energy (NYSE:SRE) entities, San Diego Gas & Electric (SDG&E) and Southern California Gas Co. (The Gas Company), have fully implemented the REVEAL solution, to optimize the investment planning process in order to align with each entity’s corporate objectives.
“Ensuring that asset investment plans meet both corporate and operational goals is an ongoing challenge and an area of concern for many utilities.” said Graham Carter, President and CEO of Axia software. “Reveal arms utilities like SDG&E and The Gas Company, with the intelligence they need to make effective decisions across their entire portfolio of projects. It enables them to clearly demonstrate return on investment through top line revenue growth and bottom line cost containment, as well as improved operational performance.”
Axia will demonstrate how REVEAL helps utilities to leverage Asset Investment Planning and Asset Risk-Based Portfolio Management to meet corporate and operational objectives:
- Increase funds available for strategic initiatives by improving capital spending efficiency and optimized multi-year rankings of capital asset investments
- Improve the success of regulatory filings by improving the speed, quality and detail of regulatory communications
- Flexibility to rapidly react to unforeseen events and quickly reprioritize spending plans
- Ensure that all project and program funding decisions meet risk thresholds and fully comply with environmental and other regulatory and corporate requirements
- Improve organizational knowledge and realize continuous planning improvement, through a complete current and historical repository of projects
About Axia Software Corporation
Axia Software Corporation (www.axiasolutions.com) — Based in Vancouver, British Columbia, Axia provides enterprise class software solutions for Asset Investment Planning. Their REVEAL suite connects corporate objectives with engineering imperatives to produce optimized capital investment plans for asset life cycle management. It links information about historic performance, asset health, and calculated risk to enable decision-making that is aligned with the requirements of stakeholders and regulatory bodies. Using REVEAL utilities are able to satisfy network reliability and capital investment demands, while reducing business risks.
###
Media Contact:
Elizabeth Estrella-Basilio
Cross Border Communications-SFO, Inc.
Tel. No. 408-238-8822
Email: elizabeth@crossborderpr.com