RALEIGH – Six months, almost to the day that Prometheus Group sold its majority stake to Genstar Capital, the firm is making good on its promise to grow — fast.
The Raleigh-based asset management software firm acquired its second company, Roser ConSys, in recent weeks – a move its CEO Eric Huang says will “accelerate our growth.”
“It will also increase the size of our team in Europe,” he told WRAL TechWire shortly after the announcement on Monday.
Based in the Netherlands, Roser Consys is defined by Prometheus as “a plant shutdown, turnaround and outages software provider.”
“It extends the footprint of services we can offer our customers. Roser Consys also works with marquee customers including Shell,” says Huang.
Prometheus, which recently hit the $1 billion valuation mark, bought U.K.-based software firm Engica in October.
And it appears that more acquisitions are in the pipeline.
“We plan to continue to grow through a combination of organic and acquisitive growth,” says Huang, adding that it’s the needs of the firm’s customers, which is driving the firm’s priorities.
“Growing by acquisition allows us to expand not only our offerings but our expertise quickly, as we continue to build out the Prometheus platform.
“Our goal is to continue on our growth trajectory, creating more opportunities both here in Raleigh and across the globe. We are excited about the opportunities we see in the coming decade.”
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, Genstar Capital bought a majority stake in the company for an undisclosed sum.
Early next year, Prometheus will be moving into a new space on Six Forks Road.