RALEIGH – Prometheus Group continues to expand.
The Raleigh-based asset management software firm that recently hit the $1 billion valuation mark, has acquired Roser ConSys, a software provider based in the Netherlands.
It’s the second acquisition in recent weeks for Prometheus, which bought U.K.-based software firm Engica in October.
Roser ConSys is definied by Prometheus as “a plant shutdown, turnaround, and outages (STO) software provider.”
Eric Huang, CEO of Prometheus Group notes:” Roser ConSys’ dedicated shutdown, turnaround, and outages expertise enable us to provide customers with an integrated suite of software and applications dedicated to ensuring that these critical events are handled safely and efficiently with minimal downtime.”
Financial terms were not disclosed.
The deal, Prometheus says:
- Extends footprint of services: new shutdown turnaround and outages software & services
- Expands infrastructure and team in Europe
- This is the second acquisition in six weeks and will support the continued growth of Prometheus Group
Founded in 1998, Prometheus provides web-based planning and scheduling software for operations management across a range of sectors, with big-name clients like Exxon, Dupont and Bayer. It is a global company with offices in the US, Europe, South America and Australia and more than 300 employees, with most of them in Raleigh.
In May, the group hit “unicorn status” — defined as “any company with a valuation of $1 billion or more regardless of how much is invested or purchased” — when Genstar Capital bought a majority stake in the company for an undisclosed sum.