Jun 8, 2021
FOR IMMEDIATE RELEASE
Praemo continues expansion , Thomas Hynes joins leadership team as Managing Director, Australia.
KITCHENER, ONTARIO | June 9th, 2021 —
Canadian Industrial Analytic provider Praemo continues global expansion into Australia and announces Thomas Hynes has joined the company as the Managing Director for the region. In addition, Hynes will also drive the expansion of the Mining and Metals segment, globally.
“Mining and Metals are key sectors for Praemo. These operations can benefit from the deployment of advanced tools like AI and Machine Learning to drive performance and uptime of critical assets. Tom’s deep experience in supply chain and asset-intensive environments means he’ll be able to help industrial leaders get the greatest value from the investments they’ve already made in the IoT,” said Paul Boris, President and CRO of Praemo.
“I’m excited to join the Praemo team,” said Hynes. “Razor™ is unique in the ability to consume industrial data from existing systems, as-is, where-is, eliminating the need for a customer to ‘prep’ the data in any way. This means our customers can get incremental value from their existing investments, far sooner, and virtually eliminate risk to operations.”
Praemo’s Razor™ has been successfully utilized in large enterprise and mid-market customers in the US, Canada, and EMEA across a number of key verticals like Mining, Consumer Products, Automotive, and in both process and discrete manufacturing. Praemo has added key markets with resources in the Austral-Asia region, and the selection by a leading provider of Digital Innovation in Mexico, Alestra as part of their innovation scale-up program.
About Thomas Hynes
Thomas is a global professional with over 25 years of experience leading and managing businesses for the delivery of Asset Management solutions and services. Initially focused on Supply Chain advisory optimization services, Thomas has developed a portfolio of knowledge and experience applying cutting-edge solutions to drive productivity improvement across the lifecycle of assets. He has led many large-scale transformation projects for major global brands for industries including Infrastructure, Mining, Oil and Gas, and Telecommunications.
Thomas prides himself on building long-term and rewarding relationships, high caliber and motivated teams, and delivering outstanding customer service.
LinkedIn
About Praemo
Praemo is creating a future without disruptions for manufacturing and industrial operations. By leveraging the data and systems you already have, as-is, where-is, Razor™ exposes actionable insights that your teams can use to avoid downtime and quality issues while maximizing throughput. Founded and led by industry veterans, and Razor™ utilizes Artificial Intelligence/Machine Learning to provide a non-intrusive solution for our customers that delivers value faster than any competitive approach. If you’re not extracting all the value from the data and systems you already have, Razor™ can help.
Praemo is proud to have achieved Diversio’s Platinum Certification, its highest level of recognition identifying our team as “Best in Class.” To achieve this recognition, a “Platinum Certified organization not only demonstrates a diverse & inclusive culture, it actively supports Inclusive Businesses in its network or supply chain.
https://diversio.com/assets/images/certifications/levels/DiversioCertification.pdf
Praemo Leadership:
Michael Martinez, Founder & CEO
Paul Boris, President & CRO
Paul Hancock, Founder & CFO
Andy Henderson, CTO
Thomas Hynes, Managing Director
Praemo Board of Directors:
Whitney Rockley Co-founder of McRock Capital, Praemo’s Board Chair
Michael Martinez Founder & CEO
Paul Boris President & CRO
Bob Fei President & CEO, Life Cycle Engineering
Andy Goodwin Former CEO, SMEC
Board Observers:
Craig Lange Strategy & Growth Director, Caterpillar
Aditya Agarwal Principal, Venture Capital (Industrial Innovation Fund), BDC
Links:
Website / Twitter: @PraemoAI / Facebook: @praemoai / LinkedIn: Praemo / Additional Resources
May 2, 2021
FOR IMMEDIATE RELEASE
As Kitchener-based Praemo accelerates growth with industrial customers in advanced analytics and artificial intelligence, Paul Boris takes the role of President.
KITCHENER, ONTARIO | AUGUST 21, 2019 —
Praemo founder and CEO Michael Martinez announces the decision to move industry veteran Paul Boris to the role of President and CRO. This announcement comes as Praemo accelerates adoption in key markets.
Industrial deployment of deep analytics powered by tools like Artificial Intelligence (AI) and Machine Learning continues to expand aggressively. Praemo’s analytic engine, Razor™ simplifies deployment by utilizing data as-is, where-is with no need for costly harmonization. Razor™ dramatically reduces time to value, maximizes asset uptime, eliminates quality disruptions and optimizes throughput of critical processes.
Boris joined Praemo at its founding as an early advisor, then took the role of EVP and CRO in 2019. Praemo closed their Series A round late in 2020 with investment from McRock Capital, Caterpillar Ventures and the BDC Innovation Fund. “Moving Paul into the role of President was an obvious choice as the business continues to accelerate”, said Michael Martinez, founder and CEO of Praemo. “His deep industrial background and long, successful history of expanding technology-driven business has enabled us to get to the next level.”
“Industrial supply chains continue to struggle, and it’s critical they utilize the capital they’ve already deployed to drive their I4.0 initiatives, as well as every technical advantage to stabilize and improve performance,” said Boris. “Praemo has built a technology that is core to that mission, and I am excited to lead a team that is second to none as we continue to grow.”
Whitney Rockley, co-founder of McRock Capital and Praemo’s Board Chair said, “Throughout my career, it is rare to see an analytics company that has deep industry domain expertise combined with a laser focus on key vertical markets that they intimately understand. This is Praemo, and we are excited to see industry veteran, Boris, taking on the role of President.”
Praemo’s Razor™ has been successfully utilized in large enterprise and mid-market customers in the US, Canada, and EMEA across a number of key verticals like Mining, Consumer Products, Automotive, and in both process and discrete manufacturing. Earlier this year, Praemo added key markets with resources in the Austral-Asia region, and the selection by a leading provider of Digital Innovation in Mexico, Alestra as part of their innovation scale-up program.
About Paul Boris
President and CRO, Praemo
Boris started his career running industrial operations and held roles as a Global Vice President at SAP, CIO of Advanced Manufacturing Strategy at GE, and COO of industrial wearables company Vuzix. He has driven significant software revenue growth and customer expansion across the industrial sector, advised leadership teams at hundreds of companies globally on digital transformation, and led digital transformation at one of the world’s largest industrials. He will be tapping his vast manufacturing experience to define strategy, deliver on growth targets and team with customers and partners to implement solutions that will disrupt the prescriptive analytics space for industry. Boris is a member of the Board of Directors for Praemo and had served as an advisor to Praemo from its founding. He currently advises startups in the robotics and AI space, and has previously served on the board of the publicly–traded wearable company, Vuzix, as well as the National Association of Manufacturers.
LinkedIn / Twitter
About Praemo
Praemo is creating a future without disruptions for manufacturing and industrial operations. By leveraging the data and systems you already have, as-is, where-is, Razor™ exposes actionable insights that your teams can use to avoid downtime and quality issues while maximizing throughput. Founded and led by industry veterans, and Razor™ utilizes Artificial Intelligence/Machine Learning to provide a non-intrusive solution for our customers that delivers value faster than any competitive approach. If you’re not extracting all the value form the data and systems you already have, Razor™ can help.
Praemo is proud to have achieved Diversio’s Platinum Certification, its highest level of recognition identifying our team as “Best in Class.” To achieve this recognition, a “Platinum Certified organization not only demonstrates a diverse & inclusive culture, it actively supports Inclusive Businesses in its network or supply chain.
https://diversio.com/assets/images/certifications/levels/DiversioCertification.pdf
Praemo Leadership:
Michael Martinez, Founder & CEO
Paul Boris, President & CRO
Paul Hancock, Founder & CFO
Andy Henderson, CTO
Praemo Board of Directors:
Whitney Rockley Co-founder of McRock Capital, Praemo’s Board Chair
Michael Martinez Founder & CEO
Paul Boris President & CRO
Bob Fei President & CEO, Life Cycle Engineering
Andy Goodwin Former CEO, SMEC
Board Observers:
Craig Lange Strategy & Growth Director, Caterpillar
Aditya Agarwal Principal, Venture Capital (Industrial Innovation Fund), BDC
Links:
Website / Twitter: @PraemoAI / Facebook: @praemoai / LinkedIn: Praemo / Additional Resources
Nov 2, 2020
FOR IMMEDIATE RELEASE
Kitchener-based Praemo announces the appointment of an industry leader to the roles of Chief Technology Officer
KITCHENER, ONTARIO | Nov 1, 2020 —
Praemo founder and CEO Michael Martinez announces the appointment of Dr. Andy Henderson to the role for Chief Technology Officer.
Dr. Henderson joined Praemo immediately after its founding as the Vice President of Technology. With a PhD in Automotive Engineering, he has a long history of utilizing data and analytics to improve performance for industrial use cases. He joined Praemo from his role in GE Digital, and focused on developing Praemo’s analytic engine Razor™.
“Dr. Henderson’s combination of academic research and practical industrial experience makes him well suited to lead the development of our core solution. He has the ability to simplify complex use cases into repeatable scenarios, that will allow for the broad deployment of Razor™ across key sectors like Mining, Consumer Products, Food and Beverage, Chemical and Oil & Gas,” said Michael Martinez, founder and Praemo’s CEO and President.
Praemo’s analytic engine Razor™ is built to deliver prescriptive insight to industrial operations simplifying deployment by utilizing data as-is, where-is with no need for costly harmonization. Razor™ reduces time to value, maximizes asset uptime, eliminates quality disruptions and optimizes throughput of critical processes.
“Industrial operations have spent an enormous amount of time and money expanding their IoT landscape and deploying solutions intended to complement that. Razor™ will allow them to extract more value from the data and systems they already have in order to become more prescriptive in identifying impending disruptions,” said Dr. Henderson. “Visibility to what were previously ‘unanticipated’ downtime events, quality anomalies or production delays are buried in the data companies already have.”
Praemo’s Razor™ will support the I4.0 efforts of large enterprise and mid-market customers in the US, and Canada across a number of key verticals like Mining, Consumer Products, Auto and discrete manufacturing.
About Dr. Andy Henderson, CTO at Praemo
Data acquisition, data analysis, and process modeling have been central to every role Andy had at Caterpillar, during doctoral research, and at GE. He led efforts inside GE to implement data collection and analysis systems in GE internal factories and worked with GE Digital customers to define their needs for digital transformations inside of their factories. He remains a practitioner, applying digital technology within industrial operations, and a zealot for the value that comes from leveraging those technologies.
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About Praemo —
Praemo is creating a future without disruptions by extracting the power of your data and turning it into actionable insights. Praemo was founded by industry veterans, and Razor™ was developed utilizing real world experiences to solve problems leveraging Artificial Intelligence/Machine Learning by providing a non-intrusive solution for our customers.
Website: www.praemo.com
Twitter: @PraemoAI
Facebook: @praemoai
Instagram: @praemo.iiot
LinkedIn: Praemo
