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  • Aerospace
    Myriota and Goanna Ag Team Up on IoT Agriculture Solutions
    Read story View all articles
  • Chemical
    Baker Hughes to acquire ARMS Reliability
    Read story View all articles
  • Cybersecurity
    Mayorkas Plans Cyber Security Sprints To Tackle Pressing Challenges, Including Ransomware
    Read story View all articles
  • Healthcare
    CISA Services In High Demand Related To COVID Vaccine Response
    Read story View all articles
  • Oil & Gas
    Baker Hughes to acquire ARMS Reliability
    Read story View all articles
  • Power
    How to Optimize Online Meeting Communication and Collaboration
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  • Transportation
    Swarm CEO Sara Spangelo Sets Disruptive Pricing on New Satellite IoT Service
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Chemical
November 18 2020 12:03 pm

Aspen Technology acquires industrial analytics provider in Norway

M

Mary Page Bailey

Aspen Technology, Inc. (Bedford, Mass.) it has acquired Camo Analytics AS, a leading provider of industrial analytics based in Norway. The technology and expertise acquired with Camo Analytics will further strengthen AspenTech's solutions to drive higher levels of performance, profitability and consistent quality for industries such as pharmaceuticals and biotech. 

Founded in 1984 by Norwegian scientists, Camo Analytics has applied analytical science to address process and product quality challenges for industries worldwide. From process development to production and operations, the Camo Analytics Unscrambler suite mines big data stores to drive greater consistency in quality and more efficient output. The new solutions will strengthen AspenTech's portfolio with Process Analytical Technology (PAT) and Overall Equipment Effectiveness (OEE) solutions to meet compliance requirements while reducing waste and enabling continuous improvement. Unscrambler is the preferred tool for more than 25,000 scientists, researchers and engineers who need to analyze large and complex data sets quickly, easily and accurately.

Antonio Pietri, president and chief executive officer at Aspen Technology commented, "Camo Analytics is a great addition to our portfolio and supports the expansion of our capabilities to the pharmaceuticals industry and several other industries. We were impressed by the depth of knowledge and drive for innovation from the Camo Analytics team and look forward to continuing investment in the solutions and bringing them to new customers and markets."

Raman Bhatnagar, chief executive officer for Camo Analytics commented, "On behalf of the Camo Analytics team, I am very happy to see us become part of a global leader in digital transformation. We share the same vision that the ability to analyze data from across the organization and effectively predict behaviors are critical to achieving the smart enterprise of the future. Bringing our technology to the Industrial AI of AspenTech is very exciting."

"This is a great day for all employees and customers of Camo Analytics, as the company will now be part of a world leader in industrial analytics with access to all key industries and customers alike. I feel confident that this is an industrially sound transaction that will benefit all stakeholders," added Erik Langaker, chairman and investor, Camo Analytics.

The terms of the transaction are not disclosed.

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IIoT Connection delivers the latest news, trends, insights, events and research surrounding the dynamic and disruptive Industrial Internet of Things (IIoT) marketplace. Brought to you by the publisher of must-read publications Defense Daily, OR Manager, POWER and Chemical Engineering, as well as the conference producers of SATELLITE, Global Connected Aircraft Summit, Connected Plant Conference and ELECTRIC POWER, IIoT Connection is committed to providing the most comprehensive compilation of products and services dedicated to the Industrial Internet of Things. Key verticals with associated products and services include: aerospace, chemical, cybersecurity, healthcare, oil & gas, power, and transportation.


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