Cenosco Acquires Shell’s IMS Software
Summary
Cenosco, a provider of asset integrity software, have acquired complete ownership of the intellectual property (IP) rights of the jointly developed IMS, Integrity Management System. IMS is an Asset Integrity Management software suite, which was built on over 20 years of industry experience from Shell with Cenoscos programmers. This collaboration resulted in an industry-focused product, which is used today in over 200 assets across the globe. Both Cenoscos clients and prospects alike can benefit from this acquisition, as it can create a more dedicated and personalized experience with IMS. This IP transfer gives Cenosco a stronger position in the market, as they will continue innovating and developing IMS as a market standard, which allows for broader adoption across asset-intensive industries.
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