AVEVA and OSIsoft combine to help accelerate digital transformation

25 August 2020

AVEVA is set to acquire OSIsoft, a provider of real-time industrial data software and services. The companies will combine their product offerings, bringing together industrial software and data management to help customers in industrial and essential organisations accelerate their digital transformational strategies.

OSIsoft’s data management software will complement AVEVA’s end-to-end engineering, operations, and performance offerings. It is believed that integrating OSIsoft’s PI System into AVEVA’s software portfolio will create an integrated data foundation to drive big data, Cloud and AI-driven insights to create meaningful business outcomes for customers. 
Together the companies hope to provide full-stack solutions that span edge, plant, and enterprise deployment models. 
OSIsoft’s PI System enables customers to collect, normalise, store, and stream real-time, high-fidelity operational data to applications, analytics, and AI and ML platforms. PI System acts as a single system of record for operations data, designed for massive cloud-enabled scale and data sharing across enterprises, and enables insightful operations decision making.
Commenting on the agreement, Craig Hayman, CEO at AVEVA, said: “Combining AVEVA and OSIsoft  will not only help us serve existing customers better but also open the flood gates to new opportunities which will accelerate the delivery of our digitisation vision. Data has been enabling organisations to more effectively determine the cause of problems by allowing them to visualise what is happening in different locations, departments and systems.  This agreement will enable our customers to improve business processes as well as eliminate inefficiencies. We are extremely proud to be moving into the next chapter with an even stronger solutions portfolio as well as an ever-increasing and robust customer base which continues to make us leaders in our sector.”

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