New Web-based Indirect Material Inventory Management Software Serves as a Portal Into the Enterprise; mySIM's Modular and Flexible Architecture Enables Rapid Customization and Delivers Accelerated Speed-to-Value in Terms of Cost Savings

IRVINE, Calif., Oct. 16, 2008 – Nexiant, a leading provider of indirect (also known as Maintenance, Repair and Operations – MRO) material management solutions for the industrial market, today announced the launch of mySIM, an innovative new Web-based software solution that provides real-time visibility into the supply chain, giving a holistic view of inventory across the enterprise. mySIM builds on the company’s successful SIM platform by adding robust usability, security and data management enhancements.

“Our team has been actively engaged in beta testing the new software and there are many enhancements we’re really excited about,” said Nancy Spiering, Controller at Snap-On’s Elizabethton facility. “These improvements to an already robust product offering demonstrate Nexiant's commitment to our success. We’re anxiously awaiting the official launch of the new platform.”

mySIM, in combination with Nexiant's crib and point-of-use dispensing solutions, enables companies to more effectively track and control MRO inventory and manage demand within maintenance and manufacturing values streams . It eliminates costly manual approaches to fulfillment and replenishment processes and provides automated security, data management, tracking, and reporting metrics that are required to more effectively manage critical MRO inventory.

“Software is at the heart of every competitive business today,” said Mark Vettese, chief executive officer of Nexiant. "The analytics and business intelligence built into mySIM will help manufacturers leverage their ability to isolate and reduce MRO costs at the enterprise level and allow them to be more competitive in the global economy.”

mySIM is a subscription-as-a-service (SaaS) offering that significantly reduces the costs associated with software and IT infrastructure setup and maintenance. Nexiant's web-based deployment model enables the rapid release of patches and upgrades to a single instance of the mySIM application which is made available to all customers. The streamlined implementation process of mySIM requires minimal resources, creating one of the shortest time-to-value intervals possible for an IT investment. In addition, the mySIM open-ended architecture supports seamless integration to common ERP, MRP, eProcurement and Maintenance Management systems supporting complete supply chain collaboration.

Designed by the leader in MRO inventory management solutions, with extensive input from industry experts and practitioners, mySIM streamlines the last 100 feet of the supply chain to improve efficiencies, increase productivity around resources and assets, enforce business rules and drive standardization across an enterprise. With access to spend and consumption reporting, and at multiple levels of detail, users can make better decisions to optimize purchasing, manage inventory and replenish materials.

The introduction of mySIM solidifies Nexiant’s position as the market leader with the most comprehensive portfolio of MRO inventory management solutions available today. The unmatched flexibility of Nexiant’s mySIM software, point-of-use technology and its professional and managed services offering make the company the ideal partner for helping drive out MRO costs from an organization’s bottom line.