AVEVA’s Acquisition of OSIsoft Combines Solutions that Help Accelerate Digital Transformation

AVEVA and OSIsoft have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion.  AVEVA and OSIsoft will combine their complementary product offerings, bringing together industrial software and data management to help industrial organizations accelerate their digital transformational strategies as efficiency, flexibility, sustainability and resilience become increasingly urgent global requirements.

OSIsoft’s data management software will complement AVEVA’s end-to-end engineering, operations, and performance offerings.  Integrating OSIsoft’s PI System into AVEVA’s software portfolio will create an integrated data foundation that can help to drive big data, Cloud and AI-driven insights to create more meaningful business outcomes for its customers.  This combination enables AVEVA to grow and diversify the industries it serves as well as continue to expand its footprint in existing and new markets and geographies.

Together, AVEVA and OSIsoft can provide full-stack solutions that span edge, plant, and enterprise deployment models, helping to strengthen AVEVA’s position as a leader in industrial software.  With a combined 93 years of operating expertise and experience, both companies share a history of responding to the rapidly changing and evolving needs of industrial customers, built on the foundations of both company’s large installed bases and talented work forces.  In addition to sharing a complementary solutions portfolio, this transaction helps to further validate AVEVA’s position in digitization and IIoT.

OSIsoft’s PI System helps to enable its customers to collect, normalize, store, and stream real-time, high-fidelity operational data to applications, analytics, and AI and ML platforms.  PI System acts as a single system of record for operations data, designed for large cloud-enabled scale and data sharing across enterprises, enabling more insightful operations decision making. 

Building Stakeholder Value and Improving Sustainability

The complementary product offerings of AVEVA and OSIsoft will allow the combined company to continue to generate additional value for its stakeholders by creating new opportunities for innovation using new and emerging technologies.  The two product suites are designed to be open and interoperable, and many industrial customers leverage both solution sets today.  As a combined entity, AVEVA and OSIsoft can further deliver on their sustainability goals, helping to drive additional benefits and value for its customers.  With a broader, deeper scale and scope to help accelerate the digital transformation of the industrial sector, the combined company will help to drive greater efficiencies and sustainability for many diverse industries, including consumer packaged goods (CPG), pharmaceutical, water and wastewater, and utilities, further strengthening its product offerings. 

Craig Resnick, ARC Advisory Group, commented, “As digital transformation has been greatly accelerated by recent global events, the need for real-time operations data that can be analyzed and deployed for applications, such as digital twin, augmented and virtual reality, artificial intelligence and machine learning has never been more critical to effectively and profitably run production operations from any location. The combination of AVEVA and OSIsoft provides its users with an end-to-end suite of solutions that can greatly accelerate the digital transformation process by seamlessly integrating engineering, operations and performance applications with the data management tools that provide its users with the flexibility and agility to maintain a competitive advantage in today’s new normal.”