IPS completes Cimnet acquisition | Automation.com

IPS completes Cimnet acquisition

LONDON, UK - July 2, 2007 - Invensys today announced that it has completed the acquisition of Cimnet, Inc (OTC BB: CIMK), a Manufacturing Execution System ("MES") software company based in Pennsylvania, USA, and this acquisition is now being fully integrated into the Wonderware software business unit of Invensys. This acquisition has closed under the terms of the original agreement that was announced on May 3, 2007.

Existing Cimnet offerings will continue to be made available and enhanced for customers under the Wonderware Factelligence and the Wonderware DNC Professional brands. In addition, the acquired MES technology offerings are being integrated with Invensys' open industry standard based, ArchestrA technology, to ensure rapid deployment and ease of use by the large Invensys and Wonderware installed base of over 100,000 plants around the world.

"We are very excited to be a part of the Wonderware business unit of Invensys", said John Richardson, former CEO of Cimnet and Vice President of MES / Production & Performance Management for Wonderware. "Wonderware has one of the best track records in industry for providing a continuous path forward for customers, and for constantly innovating with sophisticated software solutions that are easy to use. We are very confident that our past and future customers will be even better served by the depth and breadth of the Wonderware sales and support channel, 3rd party systems integration partners, technology partners, and the full range of real-time, industrial software solutions."

Mike Bradley, Sr., president of the Wonderware business unit of Invensys added, "This acquisition exemplifies Invensys' business health, and our commitment to being a leader in the MES and Manufacturing Intelligence market space. By integrating the powerful production model and configurable application modules from Cimnet, into the ArchestrA industrial services oriented architecture (SOA), including the extensible ArchestrA plant model, we fully expect to accelerate the delivery of even more functionality to our customers. Our mission and strategy remains unchanged - to help our customers to rapidly drive operational excellence in their businesses with incremental, modular software solutions. Customers can be confident in moving forward with the existing Wonderware System Platform, Clients and Modules as the basis for all of their industrial software needs - from Supervisory, to SCADA, to MES, to Manufacturing Intelligence and Business Systems Integration."

Alison Smith, Senior Research Analyst from AMR Research comments, "What Invensys gets out of the deal - in addition to proven capability - is an opportunity to drive software application revenues using its existing expansive global network of Wonderware Distributors and Systems Integrators; precisely the business model that transformed Wonderware from a startup HMI provider into the single largest manufacturing operations software provider on the planet back in the mid-nineties."

Since other Invensys business units, such as Invensys Process Systems, are utilizing the ArchestrA industrial SOA, the merged MES technologies resulting from this acquisition will rapidly become part of those integrated offerings as well. This includes future offerings as part of InFusion, the world's first Enterprise Control System.

About Invensys
Invensys is the world leader in industrial asset performance management. In addition to its rapidly expanding Global Solutions and Performance Management services groups, Invensys' automation businesses includes industry-leading brands such as Foxboro, Triconex, SimSci-Esscor, Wonderware, and Avantis, whose products are installed in more than 100,000 plants across the world. These range from small hybrid and batch plants to the world's largest upstream projects, refineries, gas plants, petrochemicals plants, power plants, and pulp and paper mills.

The Invensys Group is headquartered in London and is listed on the London Stock Exchange, with approximately 30,000 employees working in 60 countries.

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