Avanseus

Avanseus Holdings Pte. Ltd. is a Singapore-based technology company specializing in building enterprise solutions driven by analytics, artificial intelligence (AI), machine learning, and cognitive computing. The company's current focus is on predictive operations and maintenance software, primarily in the telecommunications sector. Avanseus has developed a suite of proprietary AI-based algorithms that continuously analyze relevant data to predict faults, enabling a transition from reactive to predictive operations.

The company's solutions are designed to provide tangible business benefits, including improved service levels, reduced network downtime, lower operational costs, and higher reliability of technology infrastructure. Avanseus' software platform delivers multiple applications, such as predictive maintenance, smart asset procurement, fault prediction, topology discovery, and health index prediction, leveraging its patented AI engine capabilities.

In April 2023, Avanseus announced version 6.0 of its Augmented Operations platform, introducing enhancements to its Predictive Maintenance (APM) capabilities and the Smart Asset Procurement application. Key updates include Topology Auto Stitching and Discovery for improved root cause analysis, integration with RedHat Ansible for closed-loop automation, and the Smart Asset Procurement solution for inventory optimization.

Avanseus' solutions are deployed in Asia, the UK, Europe, South America, and the Middle East. Founded in 2015, the company is headquartered in Singapore, with operations in India, Italy, and the US.

In August 2022, Avanseus entered into a business combination agreement with Fat Projects Acquisition Corp (Nasdaq: FATP), a special purpose acquisition company, valuing the combined entity at a pro forma enterprise value of approximately USD 135.7 million. The transaction is expected to result in Avanseus becoming a publicly-traded company, subject to customary closing conditions.