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ABB buys business intelligence software company

Posted: 19 Jan 2011     Print Version  Bookmark and Share

Keywords:business intelligence  software  Obvient  acquisition 

Power and automation technology company ABB is acquiring Obvient Strategies Inc. and adding its solutions to the Ventyx software portfolio. The transaction enhances ABB's software offering for asset management, power distribution automation and smart grid applications.

Obvient's software and services are designed for industries and utilities with geographically dispersed assets. The business intelligence software collects, analyses and reports real-time as well as periodic information. This supports decision making and helps users to optimise operations.

The solutions also reduce operating costs and improve asset reliability. Obvient's products compile the power transmission and distribution sector's best business practices into prepackaged solutions. This enables companies to monitor and manage their distributed assets more effectively, on a real-time and event-driven basis.

Jens Birgersson, head of the network management business, power systems division, ABB, noted that the Obvient's portfolio "significantly strengthens our software-based solutions, enabling us to provide better service to our customers, from asset health and customer care to distribution and outage management."

ABB plans to retain the Obvient team and place its executives in key roles within the Ventyx product management organisation.





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