OSIsoft, Inc. has announced the acquisition of the remainder of shares of OSI Software GmbH from Hans Meder, as of July 1, 2008.This acquisition, which occurs after 20 years of presence in Europe through a joint venture with OSI Software GmbH, consolidates OSIsoft operations around the world and positions the company to seamlessly support its enterprise and global customers in Europe.
"We see this investment as a great opportunity to further the presence of OSIsoft in Europe and to strengthen existing relationships with our important and rapidly growing customer base in Europe," said Dr. J. Patrick Kennedy, OSIsoft, Inc. founder and CEO. "Our novel Enterprise Agreement program has been well received by our European clients because it streamlines software licensing and allows enterprises to bring critical real-time business data to their employees and facilitate better decision making. We look forward to delivering enterprise-wide visibility to more companies around the globe so they too can improve processes and drive innovation."
The wholly owned subsidiary, which will be named OSIsoft Europe GmbH, will continue the company's focus on sales, customer support and customer service. OSIsoft plans additional investments to expand capabilities in other regions in Europe, the Middle East and Africa. Engineering activities will be maintained and integrated into existing OSIsoft development operations at other locations.
OSIsoft will celebrate its success in Europe and take the opportunity to thank its customers for their 20 years of support at the OSIsoft Users Conference in Amsterdam, to be held from October 27 through 30, 2008. At the conference, OSIsoft will present its vision of a "PI Infrastructure for the Enterprise" that empowers business in real time.
