After buying OSIsoft for $5 billion last August, AVEVA showed March 22 how they're joining forces to meet the expanding information management needs of industrial users and companies, and accelerate their digital transformation. Their combined portfolio is bringing OSIsoft’s data management capabilities together with AVEVA’s industrial software to enable its Performance Intelligence program.
To provide greater operational agility and resilience, AVEVA reports that Performance Intelligence connects information and artificial intelligence (AI) with human insight to enable faster and more accurate decision-making to help users and industries boost sustainability. The partners report this will "give the people behind essential processes the rich, reliable data they need to better measure and understand the entire industrial lifecycle. Areas where Performance Intelligence is likely to have the most impact will include organizational productivity, operational agility and sustainability."
Craig Hayman, CEO at AVEVA, reports it and OSIsoft's combined software portfolio is driving digital transformation for more than 20,000 users worldwide, as well as operational efficiency to empower people, industries and communities. “Together we’re redefining the capabilities of industrial software. Through Performance Intelligence, we can see worlds of data from bold new angles, and inspire better understanding of complex value chains to boost performance and drive sustainability," explains Hayman. "The combined impact of AVEVA and OSIsoft will enable our customers to manage complex industries more efficiently. Our expanded capabilities elevate AVEVA’s commitment to deliver operational agility that turns opportunity into business value for our customers.”
Jean-Pascal Tricoire, CEO and chairman of Schneider Electric, adds that, “AVEVA and OSIsoft joining forces creates an industrial software and data leader. Through its extended ecosystem and broader, deeper portfolio, AVEVA delivers an enhanced level of efficiency to support the digital transformation of industries. We support AVEVA’s agnostic approach, working in collaboration with customers and partners to offer integrated solutions that elevate performance and operational agility.”
Schneider Electric is a major supporting shareholder and alliance partner of AVEVA. They also combined their software businesses about three years ago.
“We stand in awe of the innovation of our customers—the people who operate our society’s essential industries—who use our technology every day to improve performance, protect health and safety, keep the lights on, and make the world run more smoothly,” adds Dr. J. Patrick Kennedy, OSIsoft founder. “They inspired us to join forces with AVEVA, so we can broaden our scope and increase the value we can bring to their important work.”
Hayman adds, "This acquisition is a major milestone for AVEVA, enabling our team to draw on Dr. Kennedy’s vast leadership experience and domain expertise. We're honored to continue the journey together with Pat in his new role as chairman emeritus. With Performance Intelligence, we can confidently say that AVEVA is paving the way to become the industrial software and data leader, heralding the start of an exciting new chapter for the industrial software market.”
