The Prometheus Group, an asset management software firm based in Raleigh, has been acquired by Francisco Partners, a private equity firm based in San Francisco and London. Financial details were not disclosed.
Eric Huang, founder and CEO of Prometheus Group, will retain a “substantial ownership positionl.
Prometheus Group sells intuitive and highly configurable software that enables unified enterprise asset optimization through an integrated approach to planning, scheduling, work management and business analytics across routine and preventive maintenance, shutdowns/turnarounds, and production scheduling. The company serves hundreds of blue-chip customers, including 70 percent of the top 10 companies globally in its core verticals.
“Prometheus Group has continually delivered an amazing combination of growth, profitability and customer satisfaction. The company has built a terrific suite of products that solve critical pain points across the plant maintenance lifecycle and deliver substantial hard dollar ROI. Their focus on practical, easy-to-use applications has driven tremendous user adoption, productivity gains and cost savings for their customers,” said Petri Oksanen, Partner at Francisco Partners, who will join Prometheus’ Board. “
