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Stage

Acquired | Acquired

Total Raised

$142.73M

Valuation

$0000 

About OSIsoft

OSIsoft delivers the PI System, an enterprise infrastructure for management of real-time data and events. The OSIsoft PI System is used in manufacturing, energy, utilities, life sciences, data centers, facilities, and the process industries. This global installed base relies upon the OSIsoft PI System to safeguard data and deliver enterprise-wide visibility into operational, manufacturing and business data. The PI System enables users to manage assets, mitigate risks, comply with regulations, improve processes, drive innovation, make business decisions in real-time, and to identify competitive business and market opportunities. On August 25th, 2020, OSIsoft was acquired by Aveva Group.

Headquarters Location

1600 Alvarado Street

San Leandro, California, 94577,

United States

510-297-5800

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Expert Collections containing OSIsoft

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

OSIsoft is included in 1 Expert Collection, including Advanced Manufacturing.

A

Advanced Manufacturing

4,348 items

Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability

OSIsoft Patents

OSIsoft has filed 11 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/10/2018

6/30/2020

Parallel computing, Concurrency control, Transaction processing, Data management, Database management systems

Grant

Application Date

4/10/2018

Grant Date

6/30/2020

Title

Related Topics

Parallel computing, Concurrency control, Transaction processing, Data management, Database management systems

Status

Grant

Latest OSIsoft News

Asset Performance Management Market worth $8.11 Billion by 2030 - Exclusive Report by The Insight Partners

Sep 13, 2023

Country scope Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States Report coverage Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends Asia-Pacific market is growing due to SMEs' high adoption of asset performance management solutions. Also, growth in competition due to several established and new players in the region is contributing to the growth of the asset performance management market. Further, various players across the region are performing secondary marketing strategies such as merger and acquisition, partnership and others contributing to the growth of the asset performance management market. For instance, in September 2022, Hitachi Energy announced that Energinet, Denmark's national transmission system operator (TSO), selected Hitachi's Lumada Asset Performance Management (APM) solution. This latest collaboration between Hitachi Energy and Energinet has been established to help the country's transmission system operators better assess grid reinvestments needed to achieve the 2030 carbon neutrality goals. Such instances in the region propelled the growth of the asset performance management market. Asset performance management solutions designed for the oil and gas industry provide a structured methodology for cost-effectively creating, maintaining, and decommissioning assets. With modern oil and gas facilities being set up on a larger scale, these solutions have become a key enabler in helping companies improve long-term profitability and achieve operational efficiency. For instance, Aramco, among the leading oil-producing companies, last year reported that the average hydrocarbon production of the company was 12.3 million barrels of oil equivalent per day, including 9.2 mmbpd of crude oil. According to the Saudi Government directives, the company is focusing on further increasing its crude oil MSC (Maximum Sustainable Capacity) to 13 mmbpd by 2027. With the increasing industrialization rate across various parts of the world, the growing awareness, especially after the pandemic, is expected to drive the demand further for asset performance management. According to the United Nations Industrial Development Organization (UNIDO), in the second quarter of 2021, the manufacturing output in developing and emerging industrial economies (excluding China) increased by 31.1%. Increased Trend of Asset Performance Management with IIoT and Predictive Analytics Provides Lucrative Opportunities for Global Asset Performance Management Market: Predictive analytics is an interpretation of past behavior and, based on interpretation, predicts future consequences. When performed correctly, predictive analytics can accurately portray reliability and asset lifecycle and focus on the early root causes of deprivation rather than later-stage detection of damage. These insights from intense temporal patterns and multi-variate analysis provide accurate, critical lead times, allowing time for decisions that can remove damage and maintenance or, at the very least, mitigate consequences and provide preparation time to reduce time to repair. As a result, predictive or prescriptive capabilities enable asset lifecycle reliability and assist decisions on when and how to maximize production while avoiding asset and output risks. These real-time analytics asset optimization and guide maintenance scheduling, eliminating estimation on future production and asset issues for C-level executives. This site performance allows more poised risk analysis and performance projections for the board level. Thus, the increase in the trend of asset performance management with IIoT and predictive analytics provides lucrative opportunities for the asset performance management market. The pharmaceutical and chemical industry alone adds an enormous value to the global economy each year, making it crucial to maintain it to keep production running at an optimal level and enhance the reliability of chemical equipment. The major confrontations faced by the chemical vertical include high maintenance and repair costs due to acidic substances and unplanned downtime of mission-critical equipment safety issues around hazardous chemical stock. The constant expense of maintenance and the rising costs of materials have pushed various chemical manufacturers into the process of finding new technologies to maintain, control, and advance production asset performance management solutions to improve safety, arrange works orders, automate inventory control, and compliance throughout the production plant, and build cost-saving protective maintenance. Order a Copy of this Report at https://www.theinsightpartners.com/buy/TIPRE00006762/ Global Asset Performance Management Market: Segmental Overview The asset performance management market is segmented into solutions and services based on the offering. The solution segment held the largest asset performance management market share in 2022. In contrast, the services segment is predicted to register the highest CAGR in the asset performance management market during the forecast period. Based on the end-user industry, the asset performance management market is segmented into oil and gas, energy and power, manufacturing, marine, and others. The oil & gas and energy & power segment held the largest asset performance management market share in 2022. In contrast, the manufacturing & marine segment is anticipated to register the highest CAGR in the asset performance management market during the forecast period. Asset Strategy Management is a structured process that allows organizations to gain control and effectively manage asset strategies, eliminate inconsistencies, and ensure assets are up and running at their full potential in the enterprise widely for closing the gap between current asset performance and optimal asset performance. Implementing an ASM program optimizes reliability strategies to deliver the best balance of risk, cost, and performance. It also ensures strategies are continually evolving. Based on real data, appropriate analysis and justification are provided, and effective review and approval processes are offered. Global Asset Performance Management Market: Competitive Landscape ABB Ltd., Aspen Technology Inca., AVEVA Group plc., Bentley Systems Incorporated, General Electric Company, Intel Corporation, International Business Machines Corporation, OSIsoft LLC, Schneider and Siemens AG. are a few of the key companies operating in the asset performance management market. The market leaders focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities. Global Asset Performance Management Market - Key Industry Dynamics: Drivers: Increasing need to generate maximum economical returns Restraints: Opportunities: Future Trends: Recent Developments: In 2021: ABB launched the "ABB Ability Genix Asset Performance Management Suite," an enterprise-grade application to monitor assets, improve equipment utilization, prescribe maintenance actions, and support lifecycle analysis and capital planning. The solution suite brings next-generation AI-based predictive maintenance, asset reliability, and integrity insights and provides actionable insights into all aspects of asset performance. In 2020: Siemens Energy and Bentley Systems Inc. (Bentley) announced a joint solution known as Asset Performance Management for Oil & Gas, which incorporates crucial complementary offerings from both companies to help operators enhance asset performance, reduce maintenance costs, and eliminate downtime. Go through further research published by The Insight Partners: (Purchase with 10% Instant Discount):

OSIsoft Frequently Asked Questions (FAQ)

  • Where is OSIsoft's headquarters?

    OSIsoft's headquarters is located at 1600 Alvarado Street, San Leandro.

  • What is OSIsoft's latest funding round?

    OSIsoft's latest funding round is Acquired.

  • How much did OSIsoft raise?

    OSIsoft raised a total of $142.73M.

  • Who are the investors of OSIsoft?

    Investors of OSIsoft include AVEVA, SoftBank, Mitsui, Technology Crossover Ventures and Kleiner Perkins Caufield & Byers.

  • Who are OSIsoft's competitors?

    Competitors of OSIsoft include APERIO Systems and 1 more.

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CB Insights puts confidence and clarity into your most strategic decisions.
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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
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Compare OSIsoft to Competitors

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Timeseer

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Litmus

Litmus provides an edge computing platform for the industrial internet of things (IoT). The platform provides solutions such as smart manufacturing, edge computing, machine learning, predictive maintenance, condition-based monitoring, and more. The company was founded in 2014 and is based in Santa Clara, California.

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Enertechnos

Enertechnos is an energy technology innovation company dedicated to enabling improved electricity transmission and distribution. The company reduces electrical losses in the energy system through research and product development, including its Capacitive Transfer System (CTS). The CTS cable offers reactive support, filtration of harmonics and reduces energy losses through the use of capacitance technology. Enertechnos provides it's products to electronic manufacturers along with electric transmission and distribution organizations. The company was founded in 2014 and is based in Kingston-Upon-Thames, England.

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APERIO Systems

APERIO Systems provides an industrial data integrity platform. It helps customers that process sensor data. It serves oil and gas, chemicals, pharmaceutical and life sciences, pulp and paper, and mining sectors. APERIO Systems was founded in 2017 and is based in Boston, Massachusetts.

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Tendril

Tendril provides energy services management solutions. Tendril offers an opensource cloud-based software platform that provides the infrastructure, analytics and understanding to deliver personalized energy services.

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