Prometheus Group Acquires Enterprise Workforce Management Provider WorkTech

Category:
Acquisition or Partnership

Prometheus Group, a provider of asset management operations and optimization software, announced the acquisition of WorkTech, a US-headquartered provider of contractor management and productivity solutions software.

WorkTech enables organizations to optimize contractor spend by streamlining data capture, tracking, approvals, and payment processes.  By bridging the divide between software and the real world with data connections to physical gates, WorkTech allows its customers to tightly manage contractor expenses and track workforce utilization.

As part of the Prometheus platform, WorkTech's technology will be used to not only help control costs but will add an important piece to Prometheus’s STO solution, further improving the planning and execution of shutdowns and turnarounds by providing real-time snapshots of planned vs. actual activity and spend.

Prometheus Group’s platform integrates all enterprise asset management software from planning and scheduling to analytics into a cohesive view. The company is trusted by the largest asset-intensive organizations spanning oil & gas, chemical, pulp & paper, mining & metals, and utilities industries across the globe.

Financial terms of the acquisition are not being disclosed.

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