Ivara was founded in 1997. Ivara company develops asset management software designed to make business equipment and systems more reliable and efficient. Its software is capable of collecting, aggregating, displaying, analyzing, and managing information from a variety of enterprise assets. Ivara also offers consulting and training services to complement its product offerings. The company's customers, which come primarily from oil and gas, paper, mining, metals, and other industries, have included ArcelorMittal, Dofasco, Domtar, and Allegheny Energy.