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Thursday, 22 December 2016

Fewzion software acquired by RungePincockMinarco

Australian business Fewzion has agreed to provide mining sector giant RungePincockMinarco (RPM) with source code and intellectual property rights for the Fewzion Short Interval Control (SIC) and work management software product.

Fewzion is a helps organisations manage work and resources more effectively across their business by linking the intentions of management directly with the work that is actually happening across the site during each shift. High-level planning tools are integrated into a single operational plan, empowering the frontline team to track their commitments and ensure goals are met transparently and consistently. Fewzion's promise is that with the software, "plans can be made at your desk, adapted on the fly, and updated by the team out in the field, so everyone across the enterprise has the information they need when they need it".

Under the terms of the agreement, RPM has acquired the non-exclusive right to rebrand, commercialise and further develop the Fewzion software. The partnership is a major coup for Fewzion and further validates the quality of the solution for the mining industry.

Fewzion Director and co-founder of the company Paul Moynagh said a number of Fewzion clients have seen immediate increases of over 30% in both production and development productivity as well as delivering their mine construction projects well under time and budget after implementing Fewzion.

RPM's CEO and MD Richard Mathews said, "The acquisition by RPM of this short interval control solution is a continuation of our drive to provide mining companies with the productivity tools they need to reduce their cost of mining while enabling data to flow freely between applications for the benefit of their users and their mining enterprise at large.

"We scoured the market to identify the company furthest down the short interval control path (in mining) and with global mining customers such as Anglo American and Glencore already using their software in production it was clear that the team at Fewzion had the premier SIC solution."

Both Fewzion and RPM are committed to further enhance the SIC application.

Fewzion has offices in Brisbane and Newcastle, Australia. 

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