- June 07, 2017
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‚Äôs presence in new markets.
June 7, 2017 – OSIsoft LLC announced that SoftBank Group (“SoftBank”) has acquired a significant minority equity interest in the company.
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.
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’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 utilities, 95 percent of the largest oil and gas companies and more than 65 percent of the Fortune 500 industrial companies rely on the 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 expanding into food and beverage, facilities and transportation.
OSIsoft has also fostered a 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.Learn More
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