AVEVA Completes $5 Billion OSIsoft Acquisition
Summary
AVEVA’s products are used by more than 20,000 companies in manufacturing, chemical, oil and gas, pharmaceutical, consumer packaged goods, utility, and water and wastewater treatment industries. And I think with AVEVA, we now expand those horizons,” said OSIsoft founder and chairman emeritus Dr. J. Patrick Kennedy during the press conference. Executives speaking at the virtual press conference hammered home the point that while customers will recognize immediate benefits from the combination of the AVEVA and OSIsoft software, the bigger picture includes the ability for industrial businesses to leverage them – and the data and analytical insights they provide – for their automation and digital transformation initiatives. AVEVA has been stepping up its channel initiatives recently, hiring former PTC channel chief Kerry Grimes in 2019 to lead its global partner program and launching a new partner program last year to offer its full software portfolio to its industrial distributor resellers. Hayman noted that the combination of AVEVA and OSIsoft will create new opportunities for partners in industrial system performance optimization, automation and digital transformation.
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