NEWS COMMENTARY

Aveva gets whole PI in $5 billion OSIsoft acquisition, creating strong industrial analytics competitor but diminishing OSIsoft's neutrality

Published:
September 01, 2020
Coverage:
Digital Transformation More...
Topics:
Activities:
Acquisition
Very important

Engineering, operations, and performance management firm Aveva is acquiring OSIsoft from its owners, founder J. Patrick Kennedy, SoftBank, and Mitsui, bringing together industrial analytics and applications for utilities, process industries, and manufacturers. This deal is an example of the integration of horizontal industrial analytics platforms with application-specific solutions to deepen penetration. The move strengthens Aveva but weakens OSIsoft's role as a de facto standard for data management, with partnerships in analytics, digital twins, and PdM. The company will be tied to Aveva's applications. Clients with investments in OSIsoft's PI System should check to make sure their solutions are not disrupted by Aveva's development plans.

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