AsiaNet 88603

LONDON and SAN LEANDRO, Calif., Mar. 22, 2021 /PRNewswire=KYODO JBN/ --

-- Industrial Software Market Leaders Introduce 'Performance Intelligence' to

create Industrial Software and Data Leadership

AVEVA (https://www.aveva.com/ ), a global leader in engineering and industrial

software, has joined forces with OSIsoft (https://www.osisoft.com/ ) to meet

the expanding information management needs of industrial companies and

accelerate their digital transformation. The combined portfolio brings

OSIsoft's world-class data management together with AVEVA's leading 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. 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. Areas where Performance

Intelligence is likely to have the most impact will include organizational

productivity, operational agility, and sustainability.

The global big data and analytics market is growing exponentially and projected

to be worth $274 billion by 2022. Staying ahead of the curve requires a new

understanding of the scope and scale of industrial information to leverage that

data effectively. Insight into industrial information from edge to enterprise

reduces downtime, production costs, and energy consumption – optimizing

resources and driving sustainability. Our combined software portfolio is

driving digital transformation for over 20,000 customers globally, operational

efficiency to empower people, industries, and communities.

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."

Phil 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."

Also commenting on today's announcement, CEO and Chairman of Schneider

Electric, supporting major shareholder and alliance partner of AVEVA,

Jean-Pascal Tricoire, said, "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."

"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. 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," concluded

Hayman.

About AVEVA

AVEVA, a global leader in industrial software, drives digital transformation

for industrial organizations managing complex operational processes. Through

Performance Intelligence, AVEVA connects the power of information and

artificial intelligence (AI) with human insight, to enable faster and more

accurate decision making, helping industries to boost operational delivery and

sustainability. Our cloud-enabled data platform, combined with software that

spans design, engineering and operations, asset performance, monitoring, and

control solutions, delivers proven business value and outcomes to over 20,000

customers worldwide, supported by the largest industrial software ecosystem,

including 5,500 partners and 5,700 certified developers. AVEVA is headquartered

in Cambridge, UK, with over 6,000 employees at 90 locations in more than 40

countries. For more details visit: www.aveva.com

Copyright (c) 2021 AVEVA Solutions Limited. All rights reserved. AVEVA

Solutions Limited is owned by AVEVA Group plc. AVEVA, the AVEVA logos and AVEVA

product names are trademarks or registered trademarks of AVEVA Group plc or its

subsidiaries in the United Kingdom and other countries. Other brands and

product- names are the trademarks of their respective companies.

External.communications@aveva.com  

SOURCE: AVEVA