In a recent strategic move, Urbint, a top AI platform for threat mitigation in infrastructure, announced its acquisition of Competers, a leader in underground infrastructure damage prevention. The acquisition aims to enhance Urbint’s capabilities in maintaining the safety and integrity of critical infrastructure. This merger not only broadens Urbint’s technological outreach but sets a new benchmark in the damage prevention industry.
Urbint Acquires Competers to Boost Capabilities
Marking a significant expansion in North America, Urbint’s acquisition of Competers is poised to transform the landscape of damage prevention strategies. Competers has been at the forefront with its solution, Utilocate, which has serviced over 100 clients, including key players in utilities and telecommunications. Corey Capasso, CEO of Urbint, highlighted the acquisition’s strategic importance in achieving their ambitious goals, aiming to reduce damages by 50% over the next five years.
Enhancing Damage Prevention with New Technology
The merger integrates Competers’ advanced technologies with Urbint’s AI-driven platform, enhancing the effectiveness of ticket and locate management services. Shane Hart, the CEO of Competers, emphasized the enhanced capacity to manage a vast amount of dig tickets and deadlines. This integration is set to provide a robust, technological synergy, increasing safety measures and operational efficiency across the board.
The Broad Impact on the Damage Prevention Ecosystem
The addition of Competers positions Urbint as the only software provider that caters to all the segments of the damage prevention ecosystem, including investor-owned utilities, municipal utilities, construction firms, and contract locators. This comprehensive coverage ensures a broader, more effective approach to protecting underground infrastructure, extending benefits to a wider audience and possibly setting new industry standards.
In summary, Urbint’s strategic acquisition of Competers embeds a stronger, more technologically equipped framework in the damage prevention sector. This move is expected to fast-track Urbint’s mission toward drastically reducing infrastructure damages, ultimately leading to more reliable and safer community services.
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