OSIsoft Announces SoftBank Investment
2017年5月31日 - 10:00PM
ビジネスワイヤ(英語)
SoftBank’s equity stake purchased from
OSIsoft’s venture investors
The two companies will collaborate on IIoT
services and solutions for telecommunications and other
industries
OSIsoft LLC, a leader in operational intelligence, today
announced that SoftBank Group (“SoftBank”) has acquired a
significant minority equity interest in the company.
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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.
“We are helping some of the world’s most innovative companies
get smarter about how they use their data. Our industrial customers
and utilities demand the highest levels of service and reliability.
That’s why our focus has been, and will always be, on customer
success and satisfaction,” said Dr. J. Patrick Kennedy, CEO and
founder of OSIsoft. “Collaborating with SoftBank will enable us to
bring the concept of data infrastructure to more markets like
telecommunications as well as strengthen our commitment to our
customers. We’re very much looking forward to working
together.”
“Industrial IoT is a central force in the digitization of the
industrial economy. OSIsoft powers the key underpinnings of this
digital transformation. OSIsoft’s relentless customer focus and
masterfully engineered data infrastructure solutions are a direct
outcome of Dr. Kennedy’s vision and passion,” said Deep Nishar,
Managing Director at SoftBank. “We are excited to partner with the
OSIsoft team to help realize their mission in new markets and
customer segments.”
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.
“OSIsoft is one of those rare success stories hiding in plain
sight. The company’s PI System is pervasive across industries: you
probably experience the impact of its technology several times a
day without realizing it. OSIsoft has also cultivated an impressive
and enthusiastic fan base of loyal customers,” said David Mount, a
partner in the Green Growth Fund at Kleiner Perkins. “This has been
a very positive investment for us and we’ve been very proud to be
part of the company’s growth. SoftBank is an ideal partner to bring
OSIsoft’s PI System technology to more markets and customers.”
“When we partnered with OSIsoft in 2011, it was already a
forerunner in what we now call IIoT, a market that’s expected to
reach over $120 billion by 2021,” said Jake Reynolds, General
Partner at TCV. “During our 6-year investment in OSIsoft, we have
been amazed at the company’s growing presence and importance in
this burgeoning market. We are pleased that OSIsoft has the
opportunity to partner with SoftBank during its next phase in
making the world’s industrial infrastructure more connected,
efficient, flexible, and sustainable.”
“We have examined many data-intensive companies who assert that
they will change the face of enterprise computing leveraging big
data. OSIsoft has been steadily transforming the industrial sector
for decades using a quantum of data heretofore not even envisaged
by competing companies. OSIsoft provides the essential bridge
between operational and information technology,” said Sheila
Gulati, Managing Director of Tola Capital. “Partnering with the
OSIsoft team on their strategic growth has been a tremendously
rewarding endeavor. The Kennedy culture puts people first through
their unwavering commitment to their customers and employees: this
has provided the basis for their winning formula.”
One of the world’s most widely-used technologies for digital
transformation, OSIsoft’s PI System captures data from sensors,
manufacturing equipment and other devices and transforms it into
rich, real-time insights to reduce costs, improve overall
productivity and/or create new services. Over 1,000 leading
utilities, 95 percent of the largest oil and gas companies and more
than 65 percent of the Fortune 500 industrial companies rely on the
high-fidelity insights from the PI System to run their businesses.
Worldwide, the PI System actively handles over 1.5 billion
sensor-based data streams.
The company primarily focuses on six core markets—oil and gas;
utilities; pharmaceutical development and production; metals and
mining; pulp and paper; and water—and is rapidly expanding into
food and beverage, facilities and transportation. Wind developers
leverage the PI System to increase power production and reduce
maintenance costs while mining operations use it to meet their
goals for environmental compliance. Water utilities save millions
of liters of water a day by pinpointing leaks within the PI System.
The PI System can be found inside solar farms, breweries, data
centers, cruise ships, leading research laboratories, power grids,
stadiums and smart devices everywhere.
OSIsoft has also fostered an extensive partner ecosystem,
including over 450 interfaces and connectors to translate and
deliver PI System data to popular enterprise applications and cloud
platforms. More than 300 hardware manufacturers, software
developers and system integrators produce PI System-based products
and services.
About OSIsoft LLC
Since 1980, OSIsoft has been dedicated to helping people
transform their world through data. For more, please visit
www.osisoft.com.
About SoftBank
SoftBank is a global technology player that aspires to drive the
Information Revolution. SoftBank is comprised of the holding
company SoftBank Group Corp. (TYO: 9984) and its global portfolio
of companies, which includes advanced telecommunications, internet
services, AI, smart robotics, IoT and clean energy technology
providers. In September 2016, ARM Holdings plc, the world’s leading
semiconductor IP company, joined the SoftBank group. To learn more,
please visit www.SoftBank.jp/en
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OSIsoftMichael Kanellos, 510-877-9331mkanellos@osisoft.comorSard
Verbinnen & CoEmily Claffey or Benjamin Spicehandler, +1
212-687-8080SoftBank-SVC@sardverb.com