Representative End User Clients
Representative Automation Clients
Representative Software Clients
Space‐Time Insight, Inc., a leading provider of situational intelligence solutions, today announced the acquisition of Industrial Internet of Things (IIoT) company GOFACTORY. With the acquisition of GOFACTORY, Space-Time Insight strengthens its leadership in real-time visual analytics with the addition of proven IIoT technologies and deep industry expertise. The acquisition will enable Space-Time Insight customers and partners to take advantage of the innovative, highly-scalable GOFACTORY cloud service to capture and analyze an unprecedented level of data from connected assets, systems, and people in real-time.
In the last year, Space-Time Insight has grown revenues by 70 percent and now works with more than 30 organizations from asset-intensive industries, including FedEx, Florida Power & Light, NEC, and Thames Water, to help decision-makers quickly and easily digest and understand huge quantities of complex and siloed data. The acquisition of GOFACTORY builds on Space-Time Insight's momentum and capitalizes on the growing demand for enterprise-scale advanced analytics and visualization solutions that enable organizations to unlock the value in data generated by assets and people connected to the Internet of Things.
GOFACTORY's proven technology collects and streams data from sensors, edge devices, and people to a service in the cloud. The data is then cleaned, analyzed and correlated with enterprise, operational and external data using Space-Time Insight's software. The integrated solution empowers business users to respond to critical issues by automatically notifying the right people with the information needed to quickly resolve any situation.
The Space-Time Insight and GOFACTORY solution has already been implemented with some of the largest construction companies in North America. In one case, the integrated solution provides valuable insights into the location, performance, status and utilization of thousands of vehicles. The solution enabled the company to gain new operational insights that delivered reduced costs, increased asset utilization and improved workplace safety. The combined solution is available immediately.
Fairmount Partners served as financial advisor and assisted Space-Time Insight in structuring and negotiating the transaction.
Keywords: Situational Intelligence, Industrial Internet of Things (IIoT), Visual Analytics, Cloud Service, Asset-Intensive, Visualization Solutions, ARC Advisory Group.