ROANOKE, Va., Jan. 8, 2013 /PRNewswire/ -- Meridium^® Inc., the global leader in asset performance management (APM) software and services, today announced that the Institute of Asset Management, a professional organization focused on whole-life management of physical assets, has named Meridium as a PAS55 Endorsed Assessor, one of only 31 companies in the world to achieve this designation.

As the world leader in APM work processes and technologies since 1993, Meridium has worked with hundreds of companies and developed an extensive understanding of how to help clients use the PAS55 requirements to realize gaps and improvement opportunities in their asset management systems. The IAM Endorsed Assessor designation is a natural fit for Meridium consultants and subject matter experts, who already perform gap analyses and maturity assessments using the proprietary Meridium Value Assurance Program Maturity Model for clients striving to improve their asset management initiatives.

"With this endorsement from IAM, Meridium enhances its position as a leader in asset management," said Paula Hollywood, Senior Analyst, ARC Advisory Group. "The Meridium team already provides a wealth of services to support clients in improving their asset management efforts, and this accreditation is yet another opportunity for Meridium to deliver value for their customers."

In order to become an IAM Endorsed Assessor, Meridium completed a rigorous, detailed application and certification process.  "We're very pleased to welcome Meridium to the group of IAM Endorsed Assessors," according to David McKeown, CEO of IAM. "As companies today struggle to manage, optimize and improve their physical asset initiatives, it's important to have knowledgeable, expert help in figuring out where to direct efforts."

About Meridium
Meridium is the global leader in asset performance management software and services for asset-intensive industries. Meridium lowers the risk of harm to people, our planet and profits by predicting and preventing physical asset failures. With Meridium's unique enterprise analytics, our clients minimize production downtime while improving safety. Meridium is headquartered in Roanoke, VA, USA, with offices around the world including: Houston, TX, USA; Dubai, UAE; Bangalore, India; Madrid, Spain ; Singapore; and Perth, Australia. www.meridium.com

About the Institute of Asset Management
The Institute of Asset Management, the professional body for whole life management of physical assets, is a not for profit membership organization that exists to advance for the public benefit the science and practice of asset management.  The IAM's priorities are to promote and enable the generation and application of knowledge, training and good practice, and to help individuals become demonstrably competent.  www.theIAM.org/EA

SOURCE Meridium Inc.