ABB Acquires Software Provider Obvient
ABB announced it has agreed to acquire Obvient Strategies Inc., a privately owned specialist software provider, adding Obvient’s solutions to its recently acquired Ventyx software portfolio. Obvient has offices near Atlanta. The transaction is said to further enhance ABB’s software offering for asset management, power distribution automation and smart grid applications.
Obvient offers software and services for industries and utilities with geographically dispersed assets. According to ABB, the company’s business intelligence software collects, analyzes and reports critical real-time as well as periodic information.
ABB plans to retain the Obvient team and place its executives in key roles within the Ventyx product management organization.
For more information, visit: http://www.abb.com.