AVEVA & OSIsoft partner to target information-management needs
AVEVA has joined forces with OSIsoft to meet the expanding information-management needs of industrial companies and accelerate their digital transformation. The combined portfolio brings OSIsoft’s data management together with AVEVA’s industrial software to unlock "Performance Intelligence."
Providing greater operational agility and resilience, "Performance Intelligence" connects information and artificial intelligence (AI) with human insight, to enable faster and more accurate decision making, helping industries boost sustainability, per the partners. By pairing the trusted capabilities of OSIsoft’s PI System with the leading industrial software of AVEVA, "Performance Intelligence" gives the people behind essential processes the rich, reliable data they need to better measure and understand the entire industrial lifecycle, they note. Areas where "Performance Intelligence" is likely to have the most impact will include organizational productivity, operational agility, and sustainability.
Craig Hayman, CEO at AVEVA, said, “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. 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.”
Philip Aiken AM, chairman, AVEVA Group commented, “‘AVEVA’s sustained performance and growth has laid the groundwork that enables the acquisition of a market leader such as OSIsoft. Our joint portfolio of offerings and potential new capabilities will help deliver AVEVA’s long-term strategy for growth and market leadership in industrial software and information management by accelerating the solid growth trajectory and continuing to help customers on their digitalization journeys.”
“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,” said OSIsoft founder, Dr. J. Patrick Kennedy. “They have inspired us to join forces with AVEVA so that we can broaden our scope and increase the value we can bring to their important work.”
“This acquisition is a major milestone for AVEVA, enabling our team to draw on Dr. J. Patrick Kennedy’s vast leadership experience and domain expertise," added Hayman. We are 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."
