Prometheus Group, a provider of software for asset management, is growing its footprint and operations capability through two acquisitions that were formally announced Monday.
The new additions are:
- Sage Technology, which is based in Australia
- Pipeline Group, which operates out of Santa Ana, Calif.
Financial terms were not disclosed.
Prometheus customers include Shell, Goodyear and Bridgestone.
Last November, Prometheus was acquired by Francisco Partners, a private equity group.
“Joining these solutions will allow maintenance and operations teams to better operate in conjunction, and send current pen and paper-based processes to the wayside,” said Jeff Kinard, Prometheus Group’s vice president of Professional Services. “We will now be able to provide the same high-quality user experience and training regardless of the customer’s ERP[enterprise resource planning] environment. It is a great way to deliver consistent usability while also unifying the customer’s backend systems with all projects handled by a single end-to-end solution that leverages the ERP system as the ‘single source’ of truth.”
“Key leaders” of each firm will remain with Prometheus, the company said.
“The combination of Sage’s digital safe work solution with Prometheus Group’s existing product suite enables us to bridge the gap between maintenance and operations teams, while improving safety and efficiency on the plant floor,” said Eric Huang, founder and CEO of Prometheus Group.
“.At the same time, with the addition of Pipeline’s Maxavera and Syntempo products to our existing suite, we can now offer our customers a fully integrated solution engineered to manage even the largest and most complex shutdown/turnaround projects.”