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OSIsoft LLC, announced that SoftBank Group has acquired a significant minority equity interest in the company.
The transaction is part of SoftBank’s strategy to invest in companies laying the foundational infrastructure for the next stage of the Information Revolution. SoftBank believes OSIsoft embodies this strategy, having been a longtime leader in enabling large industries to harness the massive amounts of data generated by their operational technology assets.
As part of the investment, OSIsoft and SoftBank will collaborate on developing new products and services enabling digital transformation and the Industrial Internet of Things (IIoT), and strengthening OSIsoft’s presence in new markets.
SoftBank purchased the significant minority interest in OSIsoft from Kleiner Perkins Caufield & Byers (Kleiner Perkins), TCV and Tola Capital. Kleiner Perkins and TCV first invested in OSIsoft in 2011, while Tola invested in 2012. Last year, Mitsui & Co. became an investor in OSIsoft and maintains its ownership stake.
Keywords: Digital Transformation, Industrial Internet of Things (IIoT), ARC Advisory Group.