FOR IMMEDIATE RELEASE
Kitchener-based Praemo adds software veteran with deep experience in the industrial marketplace, Mike McFarlin as Vice President, Strategic Accounts.
KITCHENER, ONTARIO | July 1st, 2021 —
Leveraging IoT and operational data as-is, where-is, Praemo accelerates the adoption of AI and Machine Learning for manufacturing and industrial operators. This unique approach eliminates costly and time-consuming data preparation, speeds time to value and virtually eliminates operational risk.
“As we continue to grow, it was critical for us to add a proven leader in the enterprise software space. Mike is a perennial top performer with success at the largest companies like SAP, PTC and Infor, as well as emerging market leaders like Lighthammer and ThingWorx,” said Paul Boris, President & CRO at Praemo. “The addition of a veteran sales executive like Mike is key to moving us to the next level.”
“Praemo’s technology leverages the existing IoT investment industrial operators already have in place to drive the next level of performance,” says McFarlin. “It’s critical for companies to extract all the value from that investment, and Razor™ does this while eliminating unnecessary cost and time related to data prep. This will change how manufacturers deploy AI and Machine Learning.”
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 with the selection by a leading provider of Digital Innovation in Mexico, Alestra as part of their innovation scale-up program.
About Mike McFarlin
Industrial operators and manufacturing companies have been using data and analytics to improve performance for decades, and Mike McFarlin has been supporting their success his entire career. Mike has traveled from his industrial control roots at ABB to the pioneering enterprise manufacturing intelligence space, to full suite enterprise software, IoT, and full suite digital transformation solutions. With this deep understanding of the end-to-end processes and technologies used in operations, McFarlin saw how leveraging the resulting data exhaust created significant value for the enterprise and supporting new levels of industrial performance. Mike has partnered with his customers throughout his career to employ the right technology to accelerate critical transformations at some of the leading manufacturers in the world. He’s enjoyed tremendous success along the way at innovative software companies like SAP, PTC, and Infor; and has delivered success at start-ups defining the I4.0 space like Lighthammer, later purchased by SAP and ThingWorx, later purchased by PTC. Throughout his career, his focus has remained unchanged – helping clients recognize and adopt leading technologies to win.
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.
Michael Martinez, Founder & CEO
Paul Boris, President & CRO
Paul Hancock, Founder & CFO
Andy Henderson, CTO
Thomas Hynes, Managing Director