Mitsui & Co Ltd Becomes Equity Investor in OSIsoft LLC and Enters Agreement to Expand Opportunities for the Internet of Things

OSIsoft LLC, a global leader enabling operational intelligence, announced that Mitsui & Co., Ltd. has become an equity investor in the company.

Additionally, OSIsoft and Mitsui have entered into memorandum of understanding to explore new business opportunities. Mitsui will support the expansion of OSIsoft's PI System through its global network of affiliated customers and business partners and will look to develop new Internet of Things solutions with OSIsoft. Mitsui will also promote its digital transformation initiatives through the implementation of the PI System with its group companies, as well as explore developing new business models for delivering these technologies.

Keywords: Operational Intelligence, Internet of Things (IoT), Digital Transformation, ARC Advisory Group.